The 'Closure' Assumption as a First Step: Neo-Ricardian Economics and Post-Keynesianism
| Autor: | Stephen Pratten |
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| Rok vydání: | 1996 |
| Předmět: | |
| Zdroj: | Review of Social Economy. 54:423-443 |
| ISSN: | 1470-1162 0034-6764 |
| DOI: | 10.1080/00346769600000027 |
| Popis: | In this paper I accept that just as mainstream economics can be characterized by its insistence upon a deductivist method, so the least contentious, most widely accepted aspects of Post-Keynesianism can be accounted for by its anti-deductivist stance and more specifically by its tacit commitment to something like critical realism. I argue that neo- Ricardian economics, to the extent that it takes closure for granted as a natural and useful starting point for analysis, retains an underlying commitment to deductivism and so is difficult to reconcile with Post- Keynesianism. By providing a criterion for assessing whether neo- Ricardianism belongs within a coherent Post-Keynesianism I also clarify why the nature of this rclationship has for so long remained unresolved. Not until it was recognized that coherence within Post-Keynesianism turns upon methodological issues, and essentially involves the abandon- ment of the deductivist framework, could progress in understanding its relationship with neo-Ri... |
| Databáze: | OpenAIRE |
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