By Steve Fleetwood
Drawing at the fields of financial method and financial conception, this identify opens up new kinds of research in economics and transforms the character of monetary reasoning. The paintings combines contributions from authors serious of this strategy with those people who are involved to elucidate its complete implications for modern economics. it is a quantity of mirrored image and studying through a number of the major experts within the box of financial philosophy.
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Additional resources for Critical Realism in Economics: Development and Debate (Economics As Social Theory)
Belong. (1994:506) In this chapter I indicate how anchoring Post-Keynesianism within critical realism does serve to clarify its relationship with neo-Ricardian economics. Specifically in adopting this strategy, I not only outline a suitable criterion for assessing whether neo-Ricardian economics belongs within a coherent Post-Keynesianism but also provide an account which renders intelligible the noted continuing uncertainty expressed by PostKeynesians on whether to embrace neo-Ricardianism. The chapter is structured as follows.
Alternatively, if, perhaps for institutional reasons, it is felt that in outlining the nominal characteristics of Post-Keynesianism some reference has to be made to neo-Ricardianism, then the project of seeking coherence may have to be abandoned. In providing a criterion for assessing whether neo-Ricardianism belongs within a coherent PostKeynesianism it has become clear why the nature of this relationship has remained unresolved. It is not until it is recognised that the degree of coherence within Post-Keynesianism turns upon methodological issues, and essentially involves the abandonment of the deductivist framework, that progress in understanding its relationship with neoRicardianism could be made.
1978) A Realist Theory of Science, London: Harvester Wheatsheaf. ——(1986) Scientific Realism and Human Emancipation, London: Verso. Boggio, L. Milgate and P. Newman (eds) The New Palgrave: A Dictionary of Economics, London: Macmillan. Caminati, M. and Petri, F. (eds) (1990) ‘Convergence to Long Period Positions’, Studies in the Surplus Approach to Political Economy, Special Issue, 6, 1–2. Chick, V. ’, Scottish Journal of Political Economy 42(1):20–36. C. (1990) ‘Post-Keynesianism as Political Economy: A Methodological Discussion’, Review of Political Economy 2(3):345–358.
Critical Realism in Economics: Development and Debate (Economics As Social Theory) by Steve Fleetwood