Post Keynesian Economics 101

The following is an index to my posts on Post Keynesian economics, and is divided into 36 topic headings.

(1) Post Keynesian and MMT Economics Blogs and Journals
“Top 30 Heterodox Keynesian/MMT Economics Blogs,” August 8, 2012.

“Academic Journals for Post Keynesian Economics,” April 27, 2014.

(2) Bibliographies
“Bibliography on Keynesian Uncertainty,” March 3, 2011.

“Post Keynesian Textbooks,” July 5, 2011.

“Bibliography on Post Keynesian Economics,” July 6, 2011.

“Reading List for Post Keynesian Economics,” December 4, 2011.

“Endogenous Money: A Bibliography,” April 5, 2012.

“Some Introductions to Keynes and Post Keynesian Thought,” October 16, 2012.

“Bibliography on Debt Deflation,” October 16, 2012.

“Bibliography on Methodological Individualism,” April 17, 2013.

“Bibliography on Post Keynesian Methodology,” September 16, 2013.

“Bibliography on Keynes’s Theory of Probability,” July 13, 2013.

(3) Lists and Diagrams of Post Keynesian Economists
“Post Keynesian Economists: A List,” March 1, 2012.

“Post Keynesian Economics: A Revised Diagram,” April 15, 2014.

“A Third Revised Family Tree of Heterodox Economics,” April 14, 2014.

“Modern Schools of Economics: A Family Tree,” April 8, 2014.

(4) Methodology
“King on Post Keynesian Approaches to Microfoundations,” April 1, 2013.

“Greedy Reductionism, Science and Economics,” April 2, 2013.

“Geoffrey Hodgson on the Mirage of Microfoundations,” April 4, 2013.

(5) General
“Neoclassical Synthesis Keynesianism, New Keynesianism and Post Keynesianism: A Review,” July 7, 2010.

“Post Keynesians Reject the Liquidity Trap,” May 6, 2011.

“Keynes on the Special Properties of Money,” May 8, 2011.

“F. H. Hahn in a Candid Moment on Neo-Walrasian Equilibrium,” January 29, 2011.

“More on the Gross Substitution Axiom,” July 28, 2011.

“Gold as Commodity Money and its Elasticity of Production,” November 18, 2011.

“Mark Hayes on Post Keynesian Economic Policies,” September 12, 2011.

“The Monetary Production Economy and Fiduciary Media,” December 11, 2011.

“Post Keynesian Economics: A Panel Discussion,” August 15, 2012.

“The Essence of Keynesianism is Investment,” December 8, 2012.

“Money Has Direct Utility,” October 25, 2012.

“Lerner on ‘The Burden of the National Debt,’” October 23, 2012.

“World GDP versus Total Value of Financial Asset Market Exchanges,” February 21, 2013.

“Capitalism has Two Fundamental Sectors,” February 22, 2013.

“Steve Keen, Debunking Economics, Chapter 6: Wages,” February 12, 2014.

“Steve Keen, Debunking Economics, Chapter 5: Theory of the Firm,” February 13, 2014.

“Kaldor on Economics without Equilibrium,” March 9, 2013.

“The Essence of Post Keynesian Theory of Unemployment,” May 16, 2013.

“Kaldor on the Irrelevance of Equilibrium Economics,” May 15, 2013.

“The Marginalist Pricing Controversy Revisited,” April 12, 2014.

“Where Gardiner Means went Wrong,” May 11, 2014.

“Robinson on Marshall on Diminishing Marginal Utility,” March 12, 2014.

“Steve Keen on Consumer Theory,” March 14, 2014.

“What is Wrong with Neoclassical Economics?,” March 30, 2014.

“Joan Robinson on the Weimar Hyperinflation,” April 25, 2014.

(6) Animal Spirits
“The Concept of ‘Animal Spirits’ is a Red Herring,” June 27, 2011.

(7) Interest Rate Policy
“Louis-Philippe Rochon on What Should Central Banks Do?,” January 31, 2012.

“Post Keynesian Policy on Interest Rates,” March 12, 2013.

(8) Studies on Keynes’s Work
“Keynes’s ‘Unemployment Equilibrium,’” July 9, 2011.

“Keynes on the New Deal in 1933,” September 2, 2011.

“Keynes’s Marginal Efficiency of Capital: A Mistake?,” January 1, 2012.

“Keynes on the Nature of Deflation,” October 14, 2012.

“Shackle on Keynes on Equilibrium,” October 11, 2012.
“‘In the Long Run we are all Dead’: What Did Keynes Mean by That?,” May 5, 2013.

“Keynes’s Mistakes in the General Theory,” May 7, 2013.

“Keynes and Marginalism,” November 5, 2013.

“Keynes’ ‘Economic Possibilities for our Grandchildren,’” April 5, 2014.

“Keynes on Buffer Stocks,” May 10, 2014.

“The General Theory, Chapter 19: Changes in Money-Wages,” January 30, 2014.

(9) Posts on Keynes’s Early Life
“John Maynard Keynes’s Early Years, 1883–1902: Some Trivia,” February 25, 2012.

“Keynes’s Early Life, 1902–1909,” March 6, 2012.

“Keynes’s Early Life, 1909–1914,” March 17, 2012.

“Keynes’s Life, 1914–1920: WWI and its Aftermath,” April 22, 2012.

(10) Fundamental Uncertainty
“How Can Government Overcome Uncertainty?,” October 4, 2011.

“Post Keynesians and Degrees of Uncertainty,” July 31, 2013.

(11) Debt Deflation
“Fisher on Debt Deflation,” October 26, 2012.

(12) On the Law of Demand
“The Law of Demand in Neoclassical Economics,” June 1, 2013.

“What is the Epistemological Status of the Law of Demand?,” September 19, 2013.

“Steve Keen on the Law of Demand,” September 20, 2013.

(13) Post Keynesian Theory of the Firm
“Price, Average Total Cost, Average Variable Cost and Marginal Cost,” November 28, 2013.

(14) Cambridge Capital Controversies
“Review of the Cambridge Capital Controversies,” March 2, 2012.

(15) On Endogenous Money
“Keen versus Krugman: The Great Debate!,” April 4, 2012.

“Endogenous Money: A Bibliography,” April 5, 2012.

“Endogenous Money 101,” April 20, 2013.

“Rochon and Rossi on the History of Endogenous Money,” May 4, 2013.

“Endogenous Money under the Gold Standard,” May 19, 2013.

“Some Empirical Evidence on Endogenous Money,” May 27, 2013.

“Empirical Evidence on Endogenous Money,” August 10, 2013.

“The Quantity Theory of Money is Wrong,” August 7, 2013.

“How is New Bank Money Created?,” March 22, 2014.

“Joan Robinson on the Quantity Theory of Money,” March 3, 2014.

(16) Against Public Choice Theory
“Steven Pressman on Public Choice Theory,” February 1, 2013.

(17) Against Say’s Law
“Say’s Law: An Overview and Bibliography,” April 13, 2013.

(18) On Hyman Minsky
“Assorted Papers from Minsky on Credit, Banking and Finance,” April 6, 2012.

“Was Hyman Minsky a Post Keynesian?,” April 6, 2012.

(19) On MMT
“Would Keynes have endorsed Modern Monetary Theory/Neochartalism?,” September 23, 2010.

“Bill Mitchell and Randy Wray on Modern Monetary Theory 1,” June 12, 2011.

“Bill Mitchell and Randy Wray on Modern Monetary Theory 2,” June 12, 2011.

“The History of Modern Monetary Theory,” January 3, 2012.

“Some Serious Criticism of MMT,” July 2, 2012.

“Scott Fullwiler on Modern Monetary Theory,” July 21, 2012.

“MMT vs. the Austrian School Debate,” June 19, 2013.

“MMT Conference Panel: Fiscal Austerity or Stimulus?,” December 16, 2011.

“Stephanie Kelton on MMT,” October 13, 2011.

“Bill Mitchell on MMT,” October 17, 2011.

“Pavlina Tcherneva on an MMT Employment Program,” January 9, 2012.

“Pavalina Tcherneva on MMT,” January 10, 2012.

“Randall Wray on MMT and the US Economic Crisis,” May 24, 2012.

(20) Paul Davidson Interviews
“Paul Davidson Interview,” July 21, 2012.

“Paul Davidson on Mercantilism,” July 21, 2012.

“Paul Davidson on the Keynes Solution,” December 9, 2012.

(21) Interviews with Thomas Palley
“Thomas Palley on the Disaster of Neoliberal Economics,” February 3, 2012.

“Thomas Palley on the Structural Problems of Neoliberalism and the Eurozone,” January 1, 2012.

“Interview with Thomas Palley,” April 24, 2012.

(22) Interview with Geoffrey Harcourt
“Interview with Geoffrey Harcourt,” February 25, 2012.

(23) Nicholas Kaldor
“King’s Nicholas Kaldor: Chapters 1–3,” October 18, 2013.

(24) Interview with Wynne Godley
“Interview with Wynne Godley,” February 28, 2012.

(25) On G. L. S. Shackle
“Interview with G. L. S. Shackle,” August 2, 2011.

(26) John King
“John King on Behavioural Economics,” September 5, 2013.

“John King on Pluralism in Economics,” July 16, 2013.

(27) Greg Hill versus Steve Horwitz
“Greg Hill versus Steve Horwitz: A Keynesian–Austrian Debate,” June 4, 2013.

“Greg Hill on ‘The Moral Economy: Keynes’s Critique of Capitalist Justice,’” June 20, 2013.

(28) On Probability Theory
“Lars P. Syll on Probability and Economics,” July 7, 2013.

“Physical Probability versus Evidential Probability,” July 9, 2013

“Probability and Uncertainty,” July 11, 2013.

“Mises and Keynes on Probability,” July 12, 2013.

“Moggridge on Keynes’s Theory of Probability,” July 14, 2013.

“A Classification of Types of Probability and Theories of Probability,” July 14, 2013.

“Keynes’s Interval Probabilities,” July 15, 2013.

“The Reviews of Keynes’s Treatise on Probability,” July 16, 2013.

“Bibliography on Keynes’s Theory of Probability,” July 19, 2013.

“Brady and Arthmar on “Keynes, Boole and the Interval Approach to Probability,” July 29, 2013.

“Types of Probabilities according to Keynes,” August 5, 2013.

(29) Nature and Origin of Money
“Money is not a Neutral Veil,” June 30, 2010.

“The Utility of Money in Post Keynesianism,” June 30, 2010.

“The Origin of Coinage in Ancient Greece,” April 29, 2011.

“David Graeber’s Response to Robert Murphy,” September 9, 2011.

“Money as Debt,” December 26, 2011.

“Menger on the Origin of Money,” January 5, 2012.

“The Origins of Money,” January 8, 2012.

“Mises on the Origin of Money,” January 12, 2012.

“Alla Semenova on the Origins of Money,” January 15, 2012.

“Bibliography on the Origins of Money,” January 19, 2012.

“David Graeber on the Origins of Money,” January 23, 2012.

“David Graeber versus Robert Murphy: A Review,” January 24, 2012.

“David Graeber on Debt and Money, Part 2,” February 9, 2012.

“Quiggin on the Origin of Money,” February 10, 2012.

“Money as a Unit of Account and its Origins,” February 11, 2012.

“Observations on Non-Commercial Money,” February 18, 2012.

“Philip Grierson on the Origin of Money,” March 21, 2012.

“A Note on Menger on the Nature and Origin of Money,” July 28, 2012.

“Alfred Mitchell Innes on the Credit Theory of Money,” March 24, 2012.

“The Origin of Money in the Digest of Justinian,” August 21, 2012.

“Debate on the Origin of Money,” August 25, 2012.

“Menger’s Nuanced View on the Origin of Money,” November 6, 2012.

“The Origin of Money and Coinage in Western Civilisation: The Case of Ancient Greece,” April 5, 2013.
My most detailed and recent post on this subject.

“Early Fiat Money in China,” August 8, 2013.

“Victoria Chick on Money,” August 26, 2013.

“Randall Wray on Money and ‘Rethinking the State,’” November 2, 2013.

(30) On Bitcoin
“Bitcoin is no Great Mystery,” April 6, 2013.

(31) Steve Keen Talks and Lectures
“Steve Keen on Debt Deflation and Double Dip Recession,” June 14, 2011.

“Steve Keen on Neoclassical Economics,” July 2, 2011.

“Steve Keen on Finance Theory,” July 22, 2011.

“Steve Keen on Behavioral Finance,” August 12, 2011.

“Steve Keen on Behavioural Finance, Lecture 4,” August 24, 2011.

“Steve Keen on Behavioral Finance, Lecture 6,” September 12, 2011.

“Steve Keen on Behavioral Finance, Lecture 7,” September 18, 2011.

“Steve Keen on Behavioral Finance, Lecture 8: Modeling Endogenous Money,” October 14, 2011.

“Steve Keen on Behavioral Finance, Lecture 9: Extending the Endogenous Money Model,” October 20, 2011.

“Steve Keen at Oxford,” October 27, 2011.

“Steve Keen on Behavioral Finance, Lecture 10,” October 31, 2011.

“Steve Keen on Behavioral Finance, Lecture 11,” November 8, 2011.

“Steve Keen Lecture at Cambridge,” November 26, 2011.

“Steve Keen on Debunking Economics,” January 20, 2012.

“Steve Keen on the History of Money,” January 30, 2012.

“Steve Keen, Google Talk,” February 16, 2012.

“Steve Keen on Zombie Banks,” February 29, 2012.

“Steve Keen on Advanced Political Economy 1,” March 15, 2012.

“Steve Keen on Advanced Political Economy 2,” March 17, 2012.

“Steve Keen on Neoclassical Economics and the Minsky Project,” March 30, 2012.

“Steve Keen on Minsky and Instability in Financial Markets,” April 16, 2012.

“Steve Keen on the Eurozone,” April 26, 2012.

“Steve Keen on Banking,” May 3, 2012.

“Steve Keen on Endogenous Money,” June 18, 2012.

“Steve Keen: Monetary Minsky Model,” June 25, 2012.

“Steve Keen: Advanced Political Economy, Lecture 3,” June 25, 2012.

“Steve Keen on the Canadian Housing Bubble,” July 1, 2012.

“Steve Keen on Minsky,” July 6, 2012.

“Steve Keen Interview on Understanding Economics,” July 16, 2012.

“Steve Keen on Fixing the Economy Panel,” August 1, 2012.

“Steve Keen Interview with Max Keiser,” August 31, 2012.

“Steve Keen on Hyman Minsky,” September 8, 2012.

“Steve Keen on Forecasting the Next Financial Crisis,” September 17, 2012.

“Steve Keen at the American Monetary Institute Conference,” September 22, 2012.

“Steve Keen Talks at the UMKC Post Keynesian Conference,” October 1, 2012.

“Steve Keen on the Myth of the Money Multiplier,” October 24, 2012.

“Steve Keen Talk at Cambridge on Monetary Macroeconomics,” November 30, 2012.

“Steve Keen on Debt in Neoclassical Economics,” December 3, 2012.

“Steve Keen NICTA Talk on Minsky,” March 12, 2013.

“Steve Keen on US Stock Market Bubble,” March 13, 2013.

“Steve Keen on Private Debt and Neoclassical Economics,” May 22, 2013.

“Steve Keen at the Harvard Law School,” June 6, 2013.

“Steve Keen on Monetary Macroeconomics,” June 16, 2013.

“Steve Keen Demonstrates Minsky Program,” June 22, 2013.

“Steve Keen on Non-Equilibrium Economics: Lecture 1,” October 1, 2013.

“Steve Keen on Non-Equilibrium Economics: Lecture 2,” October 2, 2013.

“Steve Keen on Non-Equilibrium Economics: Lecture 3,” October 3, 2013.

“Steve Keen on Non-Equilibrium Economics: Lecture 4,” October 4, 2013.

“Steve Keen on Non-Equilibrium Economics: Lecture 5,” October 5, 2013.

“Steve Keen Manchester Talk,” December 11, 2013.

(32) Against the Labour Theory of Value
“Did Kalecki Accept the Labour Theory of Value?,” April 18, 2014.

“Mysticism and the Labour Theory of Value,” May 7, 2014.

“Adam Smith on the Labour Theory of Value,” April 20, 2014.

(33) Marc Lavoie Talk
“Marc Lavoie on Heterodox and Post Keynesian Economics,” April 2, 2014.

(34) Post Keynesian Price Theory
“Frederic Lee on Real World Prices,” November 29, 2013.

“Downwards Rigidity of Prices and Mark-up Pricing,” November 22, 2013.

“Price, Average Total Cost, Average Variable Cost and Marginal Cost,” November 28, 2013.

“Marginalism versus Post Keynesianism on Mark-up Pricing,” November 23, 2013.

“Downward and Lee on Blinder’s Asking about Prices,” November 17, 2013.

“Lavoie on Mark-up Pricing in Neoclassical Theory,” November 3, 2013.

“Lee’s Post Keynesian Price Theory: Chapter by Chapter Summaries,” October 27, 2013:
(1) “Lee’s Post Keynesian Price Theory: Chapter 1,” July 6, 2013.

(2) “Lee’s Post Keynesian Price Theory: Chapter 2,” August 15, 2013.

(3) “Lee’s Post Keynesian Price Theory: Chapter 3,” August 16, 2013.

(4) “Lee’s Post Keynesian Price Theory: Chapter 4,” August 17, 2013.

(5) “Lee’s Post Keynesian Price Theory: Chapter 5,” August 19, 2013.

(6) “Lee’s Post Keynesian Price Theory: Chapter 6,” October 6, 2013.

(7) “Lee’s Post Keynesian Price Theory: Chapters 7, 8 and 9,” October 24, 2013.

(8) “Lee’s Post Keynesian Price Theory: Chapter 10,” October 25, 2013.

(9) “Lee’s Post Keynesian Price Theory: Chapter 11,” October 26, 2013.

(10) “Lee’s Post Keynesian Price Theory: Chapter 12,” October 27, 2013:
“Downward’s Pricing Theory in Post-Keynesian Economics: Chapter by Chapter Summaries,” January 23, 2014:
(1) “Downward’s Pricing Theory in Post-Keynesian Economics: Chapter 1,” January 16, 2014.

(2) “Downward’s Pricing Theory in Post-Keynesian Economics: Chapter 2,” January 17, 2014.

(3) “Downward’s Pricing Theory in Post-Keynesian Economics: Chapter 3,” January 18, 2014.

(4) “Downward’s Pricing Theory in Post-Keynesian Economics: Chapter 4,” January 21, 2014.

(5) “Downward’s Pricing Theory in Post-Keynesian Economics: Chapter 5,” January 21, 2014.

(6) “Downward’s Pricing Theory in Post-Keynesian Economics: Chapter 6,” January 22, 2014.

(7) “Downward’s Pricing Theory in Post-Keynesian Economics: Chapter 7,” January 23, 2014.

(8) “Downward’s Pricing Theory in Post-Keynesian Economics: Chapter 8,” January 23, 2014.

(9) “Downward’s Pricing Theory in Post-Keynesian Economics: Chapter 9,” January 23, 2014.
“Lee on Post Keynesian Price Theory in The Oxford Handbook of Post-Keynesian Economics,” October 15, 2013.

“Lavoie on Administered Prices,” October 7, 2013.

“More on Prices in the Real World,” July 31, 2012.

“Price Rigidity in New Keynesianism and Post Keynesianism,” June 30, 2012.

“Kaldor on Economics without Equilibrium,” March 9, 2013.

“E. K. Hunt on Equilibrium Prices in Neoclassical Economics,” December 13, 2012.

“The Marginalist Pricing Controversy Revisited,” April 12, 2014.

(35) Empirical Evidence on Administered Prices
“Downward’s Pricing Theory in Post-Keynesian Economics: Chapter 8,” January 23, 2014.

“Mark-up Pricing in South Africa,” January 20, 2014.

“Mark-up Pricing in Sweden,” January 9, 2014.

“Mark-up Pricing in Canada,” January 7, 2014.

“Some More Empirical Evidence on Full Cost Pricing,” December 10, 2013.

“Mark-up Pricing in New Zealand,” November 30, 2013.

“Mark-up Pricing in Australia,” November 30, 2013.

“Mark-up Pricing in Japan,” November 29, 2013.

“Mark-up Prices in Iceland,” November 25, 2013.

“Mark-up Pricing in Norway,” November 23, 2013.

“Mark-up Pricing in Ireland,” November 22, 2013.

“Mark-up Pricing in the Netherlands,” May 2, 2014.

“Mark-up Pricing in Luxembourg,” April 27, 2014.

“Mark-up Pricing in Belgium,” March 26, 2014.

“Mark-up Pricing in Germany,” March 29, 2014.

“Mark-up Pricing in France,” March 28, 2014.

“Mark-up Pricing in Austria,” March 24, 2014.

“Mark-up Pricing in Italy,” April 19, 2014.

“Mark-up Pricing in Spain,” May 7, 2014.

“Mark-up Pricing in Portugal,” May 6, 2014.

“Two Marketing Studies on US Administered Prices,” November 16, 2013.

“Hall and Hitch on Marginal Cost and Price,” November 4, 2013.

“Administered Pricing in the United Kingdom,” October 19, 2013.

“Administered Prices in the Eurozone: Some Empirical Data,” October 16, 2013.

“Gardiner Means on Administered Prices,” June 20, 2013.

“Early Literature on Administered Pricing,” May 8, 2013.

(36) John Kenneth Galbraith on Prices
“John Kenneth Galbraith on Price Controls,” December 11, 2013.

“John Kenneth Galbraith on Administered Prices,” June 25, 2013.


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