Galbraith's principal theoretical contribution is foreshadowed in American capitalism and unfolds more clearly into view in his trilogy The Affluent Society, The New Industrial State and Economics and the Public Purpose. His thesis is that the economic ideas that once explained a world of...

This paper considers John Kenneth Galbraith's views on the nature of money and a monetary economy. Although recognised as a lifelong and prominent Keynesian, to many, Galbraith's principal theoretical contributions appear less concerned with the detail of financial sectors or the nature of money...

Oliver Williamson claims that bounded rationality and 'behavioural uncertainty' are principal factors influencing market-based transaction costs. Post Keynesian economists typically distinguish between ergodic and non-ergodic processes with the latter providing a technical definition of...

Over the past two decades the Cambridge economist Tony Lawson has been a leading advocate for an ontological turn in economics, as well as a main contributor to the specific methodological framework sometimes systematised as critical realism. On a sunny afternoon on 17 June 2000, Lawson and I...