Keynesianism on Competition - Dictionary of Arguments
Mause I 70
Competition/Keynesianism: The Post-Keynesians (who, like the Keynesians, do not see themselves as neoclassics) assume imperfect competition as the rule, emphasize the social context in which the economic subjects make decisions, demand realistic modelling of human decision-making behaviour and above all address production and accumulation (i.e. less exchange). The analysis focuses on production and distribution theory. (1)
1. VsNeoclassicism: the ratio between wage and interest rate, i.e. the distribution of national income among the factors of production, is not the result of market processes, but is determined by institutional factors and the respective negotiating power.
2. VsNeoclassicism: Vs assumption of rationality. This is not applicable in the case of "real" uncertainty.
1. J. Robinson, The accumulation of capital. London 1956._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Author1]Vs[Author2] or [Author]Vs[term] is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition.
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