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Looking Ahead: The Future Of Post Keynesian Economics
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In my paper titled "What is Post Keynesian Economics" presented at the 4th International Post Keynesian Workshop at the University of Tennessee, I argued that Keynes's Treatise and the General Theory provided the groundwork for an intellectual revolution in economics. By questioning s ....
Middle of essay
....world economic system that entrepreneurs and consumers face is not a system that can be statistically controlled by probability theory or predicted by future outcomes of variables determined by some present value formula. Recognizing the importance of non-probabilistic uncertainty in economic decision making also brings up the importance of looking at the economy as moving through historical time which is the third feature. Rather than looking at time as a symmetric variable where in the .... |
| Number of words: 3250 |
Approximate pages: 12 |
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