> o Examples of Neo-Keynesians:
>
> Lawrence Klein, Paul Samuelson, Robert Solow, James Tobin
add John Taylor and Greg Makiw
Three Nobel Prize winners. All respected writers publications in AER, JPE,
Economic Journal, etc.
> o A random selection of Post Keynesians:
>
> Paul Davidson, Alfred Eichner, Richard Goodwin, Nicholas Kaldor,
> Michal Kalecki, Jan Kregel, Luigi Pasinetti, Piero Sraffa,
> Joan Robinson, G. L. S. Shackle, Sidney Weintraub
With the exception of Joan Robinson who was a good micro economist, never
heard of any of them.
No nobel prizes. Robinson has published micro in many respected journal. One
big debate see started was can a aggregate production function exist. Seemed
to arguing against all macro at the time. Today even if you accept her
argument we have ways of dealing with hetreogenous agents and production
functions.
> Some themes in Post Keynesian economics include:
>
> o The importance of uncertainty, historical time, or non-ergodicity
> (as opposed to risk, logical time, and ergodic processes)
If there is uncertainity then it takes magic to make a model work not
theory.
> o The idea that money matters in all runs
No neoclassical econimist has ever said it didn't. Sergant and Wallace
presented a highly specialized case of money neutrality which they
themselves did even believe existed but that is it. Go back as far as David
Hume you will see money matters. It affects prices.
> and John Kenneth
> Galbraith (who towered head and shoulders over many another economist).
An arrogant fool. Case in point. We know know all there is to know about
economics. John Kenneth Galbraith cr. 1962
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