Why does the history of economic thought neglect post-Keynesian economics?

Guizzo, Danielle

Abstract

Despite receiving increased interest after the global financial crisis of 2007–2008 and consolidating itself as an established research program, Post-Keynesian economics remains under-represented within publications on the history of economics. When compared to other traditional heterodox approaches such as Marxist, Institutionalist, and Austrian economics, Post-Keynesian economics falls behind considerably, contradicting the Post-Keynesian appreciation for the history of the discipline. This article explores some reasons behind this detachment by considering two main factors: first, the recent disciplinary and institutional changes experienced by the history of economics in the last ten years; and, second, the recent ‘maturing state’ of Post-Keynesian economics and its unique treatment of the history of economic thought. The article concludes by suggesting a new research agenda for Post-Keynesianism, making use of the ‘applied’ turn proposed by the recent history of economic thought as one of the strategies for Post-Keynesians to engage with the economics discipline.

• Journal Article Type: Article
• Acceptance Date: Jan 21, 2019
• Online Publication Date: Jan 1, 2020
• Publication Date: Jan 1, 2020
• Deposit Date: Jan 23, 2019
• Publicly Available Date: Jul 2, 2021
• Journal: Review of Keynesian Economics
• Print ISSN: 2049-5323
• Electronic ISSN: 2049-5331
• Publisher: Edward Elgar Publishing
• Peer Reviewed: Peer Reviewed
• Volume: 8
• Issue: 1
• Pages: 119-137
• DOI: https://doi.org/10.4337/roke.2020.01.09
• Keywords: Post-Keynesian economics, history of economic thought, history of recent economics, postwar macroeconomics, traditional heterodoxy, new heterodoxy
• Public URL: https://uwe-repository.worktribe.com/output/853582
• Publisher URL: https://www.elgaronline.com/view/journals/roke/roke-overview.xml
• Contract Date: Jan 23, 2019