Responses to Lavoie, King, and Dow on what Post Keynesianism is and who is a Post Keynesian

Abstract

This paper responds to the criticism that many heterodox economists, who want to be labeled as Post Keynesians, are rejected by my defining Post Keynesian theory as limited to those theories that adopt Keynes's analytical framework of aggregate demand and supply functions derived from the rejection of three restrictive classical axioms-that is, the gross substitution axiom, the neutral money axiom, and the ergodic axiom (or ordering axiom in deterministic models). © 2005 M.E. Sharpe, Inc.