Davidson's PKMT

[Greg Nowell <GN842@xxxxxxxxxxxxxxxxx>]

Paul D:
Now all of this is in my POST KEYNESIAN MACROECONOMIC
THEORY  book -- and I
would hope that before people raise these same issues
over and over on the
pktnet-- they would read somthing of the POST KEYNESIAN
literature-- after
all this is the Post Keynesian net and one would hope
that participants
were at least somewhat familiar with the PK literature.

GN:  All this is true.  It IS in PKMT.  For some reason
I find PKMT (& Keynes) more approachable when I read a
presentation of the ideas in the context of how & why
their contemporaries and predecesors (e.g. Fisher,
Marshall, Walras, Sraffa) were going in the direction
they did--and how that got them into trouble and
inconsistencies and became part of the general milieu
of ideas with which Keynes himself worked.   In other
words it's hard to jump into PKMT without some of the
historical background.   In fact, even a standard
textbook like Samuelson doesn't really get one "set up"
to go into PKMT and appreciate it fully.   That is
because really PKMT turns conventional economics on its
head.  But to appreciate the upside-downedness of the
rest of the world it helps to have an understanding of
the developments that led conventional economics into
its particular weirdnesses.


--
Gregory P. Nowell
Associate Professor
Department of Political Science, Milne 100
State University of New York
135 Western Ave.
Albany, New York 12222

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