Comments on "can Post Keynesians make better use of behavioral economics?"

Abstract

The paper "Can Post Keynesians Make Better Use of Behavioral Economics?" argues that "there is scope for a successful engagement between behavioral economics and Post Keynesian economics if it is based on explicitly stated common ground defined in terms of methodology." That argument limits the ways Post Keynesians can engage with behavioral economics. I suggest that Post Keynesians should also engage with behavioral economics on a theoretical level and discuss some ways Post Keynesians have already done so.

Keywords:

• behavioral economics
• heuristics
• nonergodicity
• Post Keynesian economics
• psychology
• uncertainty