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hermeneutic comparison, the common assessment that the champions of Post Keynesian economics - John Maynard Keynes, Michal Kalecki … and Hyman P. Minsky's share a unified Post Keynesian paradigm must be questioned. Kalecki's economics, with its closed …
Persistent link: https://www.econbiz.de/10014631944
The Cambridge Journal of Economics witnessed an important debate between Mark Pernecky and Paul Wojick on the one side … reconcile Pernecky and Wojick’s claim that Keynes’s new economics of the General Theory and Walrasian General Equilibrium are …
Persistent link: https://www.econbiz.de/10012416106
The article discusses the ongoing debate about a potential paradigm shift in eco-nomics. Institutions like the … Institute for New Economic Thinking, the New Economics Foundation, and the Forum New Economy have been established to foster new … approaches to understanding and transforming economies. While some main-stream economists see this as a significant and positive …
Persistent link: https://www.econbiz.de/10015081064
In the context of ongoing criticisms of the lack of pluralism in economics, the present article aims to discuss the … development of 'heterodox' economics since the 1970s. Following Lakatos's concept of scientific research programs (srp), and … concentrating on the situation in Germany, the article will discuss classifications of economics, and will specify the understanding …
Persistent link: https://www.econbiz.de/10010516681
This article discusses the development of 'heterodox' economics at universities in Germany since the 1970s. Based on … Lakatos' concept of scientific research programmes (SRP), the article introduces a classification of economics in order to … clarify the understanding of variety within economics, especially in the case of Germany. Based on this classification and …
Persistent link: https://www.econbiz.de/10011543048
The state of contemporary economics had been a subject of discussion even before the most recent global financial … paradigm pluralism, for example), nor agreement among economists over the underlying diagnosis of a lack of pluralism. Even the …
Persistent link: https://www.econbiz.de/10011479975
Economics as a discipline is currently in disarray. In the aftermath of the global financial crisis, academic experts …, students, commentators, practitioners and politicians all questioned the status of academic economics and many called for a … teaching. Furthermore, economic policy based on mainstream economics is still prevalent. It is therefore necessary to consider …
Persistent link: https://www.econbiz.de/10011799756