Title: Post-Keynesian economics: a pluralistic alternative to conventional economics

Authors: Charles J. Whalen

Addresses: Congressional Budget Office, Ford House Office Building, US Congress, Washington, DC 20515, USA

Abstract: This article surveys the post-Keynesian alternative to conventional economics and highlights its pluralistic features. The article begins by describing the origins and strands of post-Keynesian economics, and by discussing the school's core presuppositions and some key findings. Then pluralistic features are identified, first by looking at the tradition as a whole and subsequently at the work of one prominent post-Keynesian, Hyman Minsky.

Keywords: post-Keynesian economics; PKE; pluralism; holism; realism; uncertainty; John Maynard Keynes; Hyman P. Minsky; mark-up pricing; aggregate demand; path dependence; pluralistic economics.

DOI: 10.1504/IJPEE.2016.076921

International Journal of Pluralism and Economics Education, 2016 Vol.7 No.1, pp.22 - 38

Received: 12 Oct 2015
Accepted: 29 Jan 2016

Published online: 04 Jun 2016 *

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