Tag Archives: Post Keynesianism

Update.Social Democracy For The 21St CenturyBibliography on Post Keynesian Economics (Updated) Lord Keynes

Of interest to Kaldorians, Post Keynesians, and modern monetary theorists (MMT).EconospeakHow I Came To No Longer Be A Kaldorian EconomistJ. Barkley Rosser | Professor of Economics and Business Administration James Madison University

As I came to develop a deeper understanding of economics, I became increasingly convinced that Kaldor’s approach was the only way to prevent economics ossifying into pure formalism. “Stylised facts” was his methodological weapon, and I can do no better than quote from his essay “Capital Accumulation and Economic Growth” (1961), with its strongly implied attack on the neoclassical approach to model construction: “We all agree that the basic requirement of any model is that it should be...

In the links below I update my series of posts debunking Marxist economics and ideology, to complement my series on Debunking Austrian economics 101.As in the series on Austrian economics, not all posts actually debunk Marxism, but sometimes provide outlines or summaries of Marxist theory or interesting points on Marxism or Karl Marx’s life and thought. There are also some points where constructive things can be said: on endogenous money, the falsity of Say’s law and the monetary theory of...

This is a talk Steve Keen recently gave at Cartanega University in Colombia on the flaws of equilibrium modelling in neoclassical economics.[embedded content]