Re: PKT debate

[Jim Devine <JNDF%LMUACAD.BITNET@xxxxxxxxxxxxxxxxx>]

As much as a admire Bill Mitchell's use of Paul Davidson's definition of
Post Keynesian against Paul Davidson's new definition of Post Keynesianism,
what we need is a rock-bottom basic definition of PK (with or without
hyphens):

Post Keynesian economics should be defined as that kind of macroeconomics
which (1) learns from Keynes (on fundamental uncertainty, the importance of
money, etc.) and (2) avoids stuffing Keynes' ideas into a Walrasian
framework (as the neo or new Keynesians do).

I have a second comment on incomes policies which I'll leave to a
separate message so as to keep the different threads coherent.

BTW, why is Australia OZ?  who is the wizard behind the curtain?

sincerely,

Jim Devine   BITNET: jndf@lmuacad    INTERNET: jdevine@xxxxxxxxxxxxxxx
Econ. Dept., Loyola Marymount Univ., Los Angeles, CA 90045-2699 USA
310/338-2948 (off); 310/202-6546 (hm); FAX: 310/338-1950
if bitnet address fails, try jndf@xxxxxxxxxxxxxx