Can Post Keynesians make better use of behavioral economics?
MetadataShow full item record
In recent decades, there has been a growth in economic research programs loosely described as behavioral economics. Despite calls for closer engagement between behavioral and Post Keynesian economics, the impact of behavioral economics on the Post Keynesian literature remains relatively limited. In this paper, we examine the nature of behavioral economics and the case made by those who claim or demonstrate that it can make a contribution to Post Keynesianism. We also consider why to date behavioral economics has had such a restricted effect. We conclude that there is scope for further successful engagement between behavioral economics and Post Keynesian economics if it isbased on explicitly stated common ground, defined in terms of methodology.
Showing items related by title, author, creator and subject.
Austen, Siobhan; Jefferson, Therese (2006)AbstractThis article is a study of the response of two heterodox schools of economic thought to 'new' philosophical ideas. Specifically, it considers the response within Post Keynesian and feminist economics to Tony ...
O'Hara, Phillip (2009)This paper elaborates on the major principles of heterodox political economy, drawing on converging trends in the major schools. These schools include neo-Marxian, Veblenian, post-Keynesian, feminist, social, ecological ...
Bloch, Harry; Metcalfe, S. (2018)© The Author 2017. Published by Oxford University Press on behalf of Associazione ICC. All rights reserved. Our purpose in this paper is to consider developments in price theory required to facilitate the evolutionary ...