Looking Ahead: The Future Of Post Keynesian Economics

Part I of Essay
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 ec ....

Part II of Essay
.... features of post Keynesian economics. The first feature is that the primary goal of post Keynesian economics is to understand the nature of the capitalist system and to develop a practical understanding of how to deal with economic problems in the present-day world. The second is that the future is uncertain and the past is immutable. From Chapter 12 of Keynes's General Theory, situations of uncertainty cannot be adequately modeled in terms of probability distributions and because of this a difference needs to be made between uncertaint ....