Hostname: page-component-84b7d79bbc-lrf7s Total loading time: 0 Render date: 2024-07-30T20:47:12.684Z Has data issue: false hasContentIssue false
  • English
  • Français

Towards a Post-Classical Economics

Published online by Cambridge University Press:  11 June 2009

Bill Gerrard
Bill Gerrard
Affiliation:
University of Leeds
Get access Rights & Permissions [Opens in a new window]

Extract

The subject of economics is characterised by deep divisions over methodology, theory and practical implications. This paper addresses itself to these divisions with the aim of suggesting a way forward. The starting point is the proposition that one of the keys to the problem is for economists to be more aware of the simple, but often tacit, ideas which underlie economic theory, especially the ideas which economists tend to have on the nature and status of their theories. It is an approach which is developed more fully in A Theory of the Capitalist Economy: Towards a Post-Classical Synthesis (Gerrard, forthcoming). This present paper offers a short exposition of some of thearguments in favor of a post-classical approach.

Type
Articles
Information
Journal of the History of Economic Thought , Volume 10 , Issue 2 , Fall 1988 , pp. 117 - 133
Copyright
Copyright © Cambridge University Press 1988

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

REFERENCES

Arrow, K.J. (1959). ‘Toward a Theory of Price Adjustment’ in Abramovitz, M. et al. , The Allocation of Economic Resources, Stanford: Stanford University Press.Google Scholar
Bain, J.S. (1959), Industrial Organisation, New York: John Wiley & Sons.Google Scholar
Barro, R.J. and Grossman, H.I. (1971), ‘A General Disequilibrium Model of Income and Employment,’ American Economic Review, 61, pp. 82–93.Google Scholar
Bohm, D. (1980), Wholeness and the Implicate Order, London: Routledge Kegan & PaulGoogle Scholar
Clower, R.W. (1965), ‘The Keynesian Counter-revolution: A Theoretical Appraisal’ in Hahn, F.H. and Brechling, R. (eds.), The Theory of Interest Rates. London: Macmillan.Google Scholar
Cross, R. (1982), ‘The Duhem-Quine Thesis, Lakatos, and the Appraisal of Theories in Macroeconomics,’ Economic Journal, 92, pp. 320–340.CrossRefGoogle Scholar
Cyert, R.M. and March, J.G. (1963), A Behavioural Theory of the Firm. Englewood Cliffs, New Jersey: Prentice-Hall.Google Scholar
Friedman, M. (1953), ‘The Methodology of Positive Economics’ in Essays in Positive Economics, Chicago: University of Chicago Press.Google Scholar
Friedman, M. (1968). ‘The Role of Monetary Policy,’ American Economic Review, 58, pp. 1–17.Google Scholar
Gerrard, B. (1987a), ‘Towards a General Theory of Science,’ School of Economic Studies, University of Leeds Discussion Paper Series, No. 87/1.Google Scholar
Gerrard, B. (1987b), ‘Keynes and the Labour Market,’ School of Economic Studies. University of Leeds Discussion Paper Series, No. 87/14.Google Scholar
Gerrard, B. (1988a), ‘Keynesian Economics: The Road to Nowhere?’ in Hillard, J.V. (ed.), J.M. Keynes in Retrospect: The Legacy of the Keynesian Revolution, Aldershot: Edward Elgar.Google Scholar
Gerrard, B. (1988b), ‘The Rise and Fall of the Invisible Hand Doctrine’ in Christie, J.R.R. (ed.), Companion to the History of Modern Western Science, London: Croom Helm.Google Scholar
Gerrard, B. (forthcoming), A Theory of the Capitalist Economy: Towards a Post-Classical Synthesis, Oxford: Basil Blackwell.Google Scholar
Hahn, F.H. (1978), ‘On Non-Walrasian Equilibria,’ Review of Economic Studies, 45, pp. 1–17.CrossRefGoogle Scholar
Hall, R.L. and Hitch, C.J. (1939), ‘Price Theory and Business Behaviour’ Oxford Economic Papers, 2, pp. 12–45.CrossRefGoogle Scholar
Harcourt, G.C. (1982), ‘Post-Keynesianism: Quite Wrong and/or Nothing New?’, Thames Papers in Political Economy.Google Scholar
Keynes, J.M. (1936),. The General Theory of Employment, Interest and Money, London: Macmillan.Google Scholar
Keynes, J.M. (1940), ‘Comment’ Economic Journal, 50, pp. 154–156.CrossRefGoogle Scholar
Knight, F.H. (1971), Risk, Uncertainty and Profit, Chicago: University of Chicago Press.Google Scholar
Kuhn, T.S. (1970), The Structure of Scientific Revolutions (2nd ed.), Chicago: University of Chicago Press.Google Scholar
Lakatos, I. (1974), ‘Falsification and the Methodology of Scientific Research Programmes’ in Lakatos, I. and Musgrave, A. (eds.), Criticism and the Growth of Knowledge, Cambridge: Cambridge University Press.Google Scholar
Latsis, S.J. (1976), ‘A Research Programme in Economics’ in Latsis, S.J. (ed.), Method and Appraisal in Economics, Cambridge: Cambridge University Press.CrossRefGoogle Scholar
Lee, F.S. (1984), ‘The Marginalist Controversy and the Demise of Full Cost Pricing,’ Journal of Economic Issues, 18, pp. 1107–1132.CrossRefGoogle Scholar
Leijohnufvud, A. (1968), On Keynesian Economics and the Economics of Keynes, Oxford: Oxford University Press.Google Scholar
Malinvaud, E. (1977), The Theory of Unemployment Reconsidered, Oxford: Basil Blackwell.Google Scholar
Modigliani, F. (1944), ‘Liquidity Preference and the Theory of Interest and Money’ Econometrica, 12, pp. 45–88.CrossRefGoogle Scholar
Muth, J.F. (1961), ‘Rational Expectations and the Theory of Price Movements,’ Econometrica, 29, pp. 315–335.CrossRefGoogle Scholar
Negishi, T. (1979), Microeconomic Foundations of Keynesian Macroeconomics, Amsterdam: North Holland.Google Scholar
Patinkin, D. (1965), Money, Interest and Prices (2nd ed.), New York: Harper & Row.Google Scholar
Phelps, E.S. (ed.), (1970), Microeconomic Foundations of Employment and Inflation Theory, New York: W.W. Norton & Co.Google Scholar
Polanyi, M. (1973). Personal Knowledge, London: Routledge, Kegan & Paul.Google Scholar
Popper, K.R. (1968), The Logic of Scientific Discovery, London: Hutchinson.Google Scholar
Robinson, J. (1974), ‘History versus Equilibrium,’ Thames Papers in Political Economy.Google Scholar
Rothschild, K.W. (1974), ‘Price Theory and Oligopoly,’ Economic Journal, 57, pp. 299–320.CrossRefGoogle Scholar
Schelling, T.C. (1980), The Strategy of Conflict, Harvard and London: Harvard University Press.Google Scholar
Simon, H.A. (1959), ‘Theories of Decision-Making in Economics and Behavioural Science,’ American Economic Review, 49, pp. 253–283.Google Scholar
Simon, H.A. (1976), ‘From Substantive to Procedural Rationalilty’ in Latsis, S.J. (ed.), Method and Appraisal in Economics, Cambridge: Cambridge University Press.Google Scholar
Sweezy, P. (1939), ‘Demand Under Conditions of Ologopoly,’ Journal of Political Economy, 47, pp. 568–573.CrossRefGoogle Scholar
Wittgenstein, L. (1968), Philosophical Investigations (3rd ed.), Oxford: Basil Blackwell.Google Scholar