Can Post Keynesians make better use of behavioral economics?

In recent decades, there has been a growth in economic research programs loosely described as behavioral economics. Despite calls for closer engagement between behavioral and Post Keynesian economics, the impact of behavioral economics on the Post Keynesian literature remains relatively limited. In...

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Main Authors: Jefferson, Therese, King, J.
Format: Journal Article
Published: ME Sharpe 2010
Subjects:
Online Access:http://hdl.handle.net/20.500.11937/22367
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author Jefferson, Therese
King, J.
author_facet Jefferson, Therese
King, J.
author_sort Jefferson, Therese
building Curtin Institutional Repository
collection Online Access
description In recent decades, there has been a growth in economic research programs loosely described as behavioral economics. Despite calls for closer engagement between behavioral and Post Keynesian economics, the impact of behavioral economics on the Post Keynesian literature remains relatively limited. In this paper, we examine the nature of behavioral economics and the case made by those who claim or demonstrate that it can make a contribution to Post Keynesianism. We also consider why to date behavioral economics has had such a restricted effect. We conclude that there is scope for further successful engagement between behavioral economics and Post Keynesian economics if it isbased on explicitly stated common ground, defined in terms of methodology.
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spelling curtin-20.500.11937-223672017-01-30T12:30:57Z Can Post Keynesians make better use of behavioral economics? Jefferson, Therese King, J. Post Keynesian economics behavioral macroeconomics psychological economics behavioral economics In recent decades, there has been a growth in economic research programs loosely described as behavioral economics. Despite calls for closer engagement between behavioral and Post Keynesian economics, the impact of behavioral economics on the Post Keynesian literature remains relatively limited. In this paper, we examine the nature of behavioral economics and the case made by those who claim or demonstrate that it can make a contribution to Post Keynesianism. We also consider why to date behavioral economics has had such a restricted effect. We conclude that there is scope for further successful engagement between behavioral economics and Post Keynesian economics if it isbased on explicitly stated common ground, defined in terms of methodology. 2010 Journal Article http://hdl.handle.net/20.500.11937/22367 ME Sharpe restricted
spellingShingle Post Keynesian economics
behavioral macroeconomics
psychological economics
behavioral economics
Jefferson, Therese
King, J.
Can Post Keynesians make better use of behavioral economics?
title Can Post Keynesians make better use of behavioral economics?
title_full Can Post Keynesians make better use of behavioral economics?
title_fullStr Can Post Keynesians make better use of behavioral economics?
title_full_unstemmed Can Post Keynesians make better use of behavioral economics?
title_short Can Post Keynesians make better use of behavioral economics?
title_sort can post keynesians make better use of behavioral economics?
topic Post Keynesian economics
behavioral macroeconomics
psychological economics
behavioral economics
url http://hdl.handle.net/20.500.11937/22367