A history of Post Keynesian economics since 1936: some hard (and not so hard) questions for the future

Abstract

This paper discusses three controversial questions to which I was naturally led by the reading of John E. King's A History of Post Keynesian Economics Since 1936 (2002). First, did King unduly play down the role of the second generation of Post Keynesian economists? Second, how revolutionary were Keynes's writings, and how radical should Post Keynesian economics be? Finally, what is the future of Post Keynesian economics?

Keywords:

• capital controversies
• macroeconomics
• Post Keynesian economics