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

Guizzo, Danielle

Authors



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.

Citation

Guizzo, D. (2020). Why does the history of economic thought neglect post-Keynesian economics?. Review of Keynesian Economics, 8(1), 119-137. https://doi.org/10.4337/roke.2020.01.09

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