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
Englisch

Bibliographic citation
Journal: European Journal of Economics and Economic Policies: Intervention (EJEEP) ; ISSN: 2052-7772 ; Volume: 10 ; Year: 2013 ; Issue: 2 ; Pages: 231-242

Classification
Wirtschaft
History of Economic Thought: Macroeconomics
General Aggregative Models: Keynes; Keynesian; Post-Keynesian
Subject
behavioural economics
macroeconomics
post-Keynesian economics

Event
Geistige Schöpfung
(who)
King, John E.
Event
Veröffentlichung
(who)
Edward Elgar Publishing
(where)
Cheltenham
(when)
2013

DOI
doi:10.4337/ejeep.2013.02.07
Handle
Last update
10.03.2025, 11:44 AM CET

Data provider

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Object type

  • Artikel

Associated

  • King, John E.
  • Edward Elgar Publishing

Time of origin

  • 2013

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