Competing Visions: A Post Keynesian Summing Up

Abstract

At the outset of this book it was noted that the charge of “incoherence” is widely used to diminish and dismiss Post Keynesian economics. The previous twelve chapters have demonstrated the falsity of this charge, and shown that Post Keynesian macroeconomics represents a distinctive body of thought that rests on reasoned and logically consistent foundations. An appropriate closure calls for rising above specific details, and focusing on the profound theoretical and policy differences that flow from the Post Keynesian vision of macroeconomics as compared with the competing visions offered by new classical, neo-Keynesian, and new Keynesian macroeconomics.