The 'Uncertain' Foundations of Post Keynesian Economics

Essays in Exploration

Stephen Dunn

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Hardback

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English

Routledge
30 July 2008

Economics

Series: Routledge Frontiers of Political Economy

This important new book introduces, analyzes and takes forward a post-Keynesian theory of the firm. It makes a vital contribution to the conceptualisation of uncertainty that is consistent with the methodological presuppositions of Post Keynesian economics.

The author attempts to make a positive contribution to the development of Post Keynesian economics by refuting allegations of incoherence, detailing some of the salient implications of a transmutable conception of economic processes and then starting to explore what this means for how Post Keynesians conceptualise uncertainty. The book argues that the Post Keynesian distinctive view of time, understood as a non-deterministic open systems process, is a core and defining characteristic which is linked to its theoretical discussion of money and the principle of effective demand.

Covering areas such as the coherence of Post Keynesianism, the future of Post Keynesian economics and Keynesian methodological debates, this book is useful reading for all Post Keynesian scholars with a strong interest in economic methodology and the philosophical underpinnings of economics.

By: Stephen Dunn
Imprint: Routledge
Country of Publication: United Kingdom
Dimensions: Height: 234mm, Width: 156mm, Spine: 20mm
Weight: 498g
ISBN: 9780415278645
ISBN 10: 0415278643
Series: Routledge Frontiers of Political Economy
Pages: 240
Publication Date: 30 July 2008
Audience: College/higher education , Professional and scholarly , Professional and scholarly , Primary , Undergraduate
Format: Hardback
Publisher's Status: Active

1. Introduction, Part I: The Uncertain Foundations of Post Keynesian Economics, 2. The incoherence of Post Keynesian Economics? 3. Towards a methodological foundation, 4. Delineating Post Keynesian Economics, Part II: The nature of uncertainty, 5. Uncertainty, transformation and Keynes, 6. Fundamental uncertainty is not bounded rationality, Part III: The future of Post Keynesianism, 7. Whither Post Keynesianism? 8. The Austrian question, 9. Post Keynesian pricing theory: identifying an open systems core, 10. A Post Keynesian approach to the Theory of the Firm, 11. A Post Keynesian approach to Health Economics

Stephen P. Dunn is a senior strategy advisor in the Department of Health for England and the Director of Provider Development, NHS East of England.

Reviews for The 'Uncertain' Foundations of Post Keynesian Economics: Essays in Exploration

'This magnificent book introduces, analyzes and develops the economic school of thought known as Post Keynesian. [...] Th[e] last chapter of Dunn's book is a masterpiece in itself'. - Paul Davidson, Editor, Journal of Post Keynesian Economics, USA. From Volume 77, Issue 307 of Economica, July 2010 'The book will make a valuable part of a post-Keynesian research collection and is an important contribution to the debate on the nature of our research programme'. - M.G. Hayes, University of Cambridge, UK. From Review of Social Economy