A must-read (not least because of the interview videos where Leijonhufvud gets the opportunity to comment on the ‘madness’ of modern mainstream macroeconomics)!Axel Leijonhufvud's On Keynesian Economics And The Economics Of Keynes: A Study In Monetary Theory is a free download at archive.org here.
Responding to the critique of his Bloomberg View post on heterodox economics and its alleged anti-math position, Noah Smith approvingly cites Steve Keen telling us there isLars P. Syll’s Bloga wing of heterodox economics that is anti-mathematical. Known as “Critical Realism” and centred on the work of Tony Lawson at Cambridge UK, it attributes the failings of economics to the use of mathematics itself…Although yours truly appreciate much of Steve Keen’s debunking of mainstream economics, on this issue he is, however, just plain wrong! For a more truthful characterization of Tony Lawson’s position, here’s what Axel Leijonhufvud has to say:
Axel Leijonhufvud the first “New Keynesian”? No way! This is so wrong, so wrong.Read it at Lars P. Syll's Blog
