On the coherence of post-Keynesian economics

Bernard Walters, David Young

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Recently the claim that post-Keynesianism represents a coherent alternative to orthodox/neoclassical theory has regained favour with many leading post-Keynesians. The purpose of this paper is to consider the basis for any such claim that post-Keynesianism is a coherent alternative. A variety of forms of coherence are considered in relation to post-Keynesian analyses and a number of shortcomings are identified. The broad conclusion is that post-Keynesianism has not yet decided upon its preferred conception of coherence and consequently, cannot be regarded, at present, as an alternative school of economic thought.
Original languageEnglish
Pages (from-to)329-349
Number of pages20
JournalScottish Journal of Political Economy
Issue number3
Publication statusPublished - Aug 1997


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