Tag Archives: post-keynesian economics

Towards Pluralism: Contending Perspectives in Economic Thought – by John T. Harvey

January 6, 2015

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The world economy is a mess because economics is a mess. Professor John T. Harvey argues that with too much focus on abstract mathematical puzzles over real-world situations, and the promotion of Neoclassical orthodoxy at the expense of all other perspectives, the discipline of economics is becoming both intellectually impoverished and unable to help rebuild a better economy.

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Elgar Debates: How to Promote a Global Economic Recovery? “It is pure fantasy to believe that anything but demand is the driving force of economic activity”

December 4, 2014

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What are the best economic policies to promote a global recovery?  Here, in the fourth letter of this debate, Louis-Philippe Rochon defends Keynesian theory and argues that austerity is causing great social as well as economic harm.

To follow this debate from the beginning, read Steve Kates’ first letter here.  Then read Louis-Philippe’s reply, and then Steve’s reply to Louis-Philippe.

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Elgar Debates: How to Promote a Global Economic Recovery? “The worst infliction we can impose on our economies is to leave them to the tyranny of the markets”

November 20, 2014

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What are the best economic policies to promote global recovery? In the first letter of our Elgar Debates series, Steve Kates presented the Free Market view of the current economic crisis.   In this second letter Louis-Philippe Rochon gives his reply, setting out what he sees as the problems with reliance on the market and suggesting four practical steps to promote economic recovery. […]

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