The 'Uncertain' Foundations of Post Keynesian Economics

Essays in Exploration

By Stephen Dunn

© 2008 – Routledge

238 pages | 1 B/W Illus.

Purchasing Options:
Paperback: 9780415588799
pub: 2010-04-15
US Dollars$54.95
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Hardback: 9780415278645
pub: 2008-07-30
US Dollars$160.00
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About the Book

This important new book introduces, analyzes and takes forward a post-Keynesian theory of the firm. It makes a vital contribution to the conceptualisation of uncertainty that is consistent with the methodological presuppositions of Post Keynesian economics.

The author attempts to make a positive contribution to the development of Post Keynesian economics by refuting allegations of incoherence, detailing some of the salient implications of a transmutable conception of economic processes and then starting to explore what this means for how Post Keynesians conceptualise uncertainty. The book argues that the Post Keynesian distinctive view of time, understood as a non-deterministic open systems process, is a core and defining characteristic which is linked to its theoretical discussion of money and the principle of effective demand.

Covering areas such as the coherence of Post Keynesianism, the future of Post Keynesian economics and Keynesian methodological debates, this book is useful reading for all Post Keynesian scholars with a strong interest in economic methodology and the philosophical underpinnings of economics.

Table of Contents

1. Introduction, Part I: The Uncertain Foundations of Post Keynesian Economics, 2. The incoherence of Post Keynesian Economics? 3. Towards a methodological foundation, 4. Delineating Post Keynesian Economics, Part II: The nature of uncertainty, 5. Uncertainty, transformation and Keynes, 6. Fundamental uncertainty is not bounded rationality, Part III: The future of Post Keynesianism, 7. Whither Post Keynesianism? 8. The Austrian question, 9. Post Keynesian pricing theory: identifying an open systems core, 10. A Post Keynesian approach to the Theory of the Firm, 11. A Post Keynesian approach to Health Economics

About the Author

Stephen P. Dunn is a senior strategy advisor in the Department of Health for England and the Director of Provider Development, NHS East of England.

About the Series

Routledge Frontiers of Political Economy

In recent years, there has been widespread criticism of mainstream economics. This has taken many forms, from methodological critiques of its excessive formalism, to concern about its failure to connect with many of the most pressing social issues. This series provides a forum for research which is developing alternative forms of economic analysis. Reclaiming the traditional 'political economy' title, it refrains from emphasising any single school of thought, but instead attempts to foster greater diversity within economics.

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Subject Categories

BISAC Subject Codes/Headings:
BUS000000
BUSINESS & ECONOMICS / General
BUS069000
BUSINESS & ECONOMICS / Economics / General
BUS069030
BUSINESS & ECONOMICS / Economics / Theory