2011/02/14 by G.C. Harcourt · 1 citation
Economics, Econometrics and Finance · #Economic Theory and Institutions
paper · doi:10.1057/9780230226203.3307
openalex publication_date 2011/02/14 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/31
This is a portmanteau term which is used to contain the work of a heterogeneous group of economists who nevertheless are united not only by their dislike of mainstream neoclassical theory and the IS/LM general equilibrium versions of ‘Keynesian’ theory but also by their attempts to provide coherent alternative approaches to economic analysis. (They are not too fond either of the developments of Keynesian theory associated with Clower and Leijonhufvud, on the one hand and the disequilibrium theories of the French economists, on the other.) We say ‘approaches’ because several strands may be identified. To understand the differences between them it is helpful to examine the different routes that came out of (or were discerned as coming out of) classical political economy. These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.