Melmies, Jordan - In: Journal of Post Keynesian Economics 32 (2010) 3, pp. 445-466
The aim of this paper is to compare New Keynesian and Post Keynesian economics on the theory of prices. In the past two decades, there has been a revival in explanations of price rigidity with the emergence of the "new Keynesian" economists. These economists try to explain the price stickiness...