Artikel
Should post-Keynesians make a behavioural turn?
This paper deals with the relationship between post-Keynesian and behavioural economics. I begin by responding critically to Paul Davidson's claim that Keynes was the first behavioural economist. Then I discuss some recent work in behavioural macroeconomics, which reveals some important strengths but also some fundamental weaknesses. Next I outline what (Old) behavioural economists have had to say about macroeconomics, beginning with the father of the school, Herbert Simon, and considering the contributions of some of his disciples. I then reverse the question and ask what post-Keynesians have had to say about behavioural economics, Old and New. I conclude by identifying some potential sources of difficulty and also suggesting some areas of macroeconomics where cooperation between post-Keynesians and behavioural economists seems especially promising.
- Language
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Englisch
- Bibliographic citation
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Journal: European Journal of Economics and Economic Policies: Intervention (EJEEP) ; ISSN: 2052-7772 ; Volume: 10 ; Year: 2013 ; Issue: 2 ; Pages: 231-242
- Classification
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Wirtschaft
History of Economic Thought: Macroeconomics
General Aggregative Models: Keynes; Keynesian; Post-Keynesian
- Subject
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behavioural economics
macroeconomics
post-Keynesian economics
- Event
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Geistige Schöpfung
- (who)
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King, John E.
- Event
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Veröffentlichung
- (who)
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Edward Elgar Publishing
- (where)
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Cheltenham
- (when)
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2013
- DOI
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doi:10.4337/ejeep.2013.02.07
- Handle
- Last update
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10.03.2025, 11:44 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- King, John E.
- Edward Elgar Publishing
Time of origin
- 2013