Keynes, Kalecki, Sraffa: Coherence?

19 Pages Posted: 17 Feb 2014

See all articles by Neil Hart

Neil Hart

University of New South Wales (UNSW)

Peter Kriesler

UNSW Australia Business School, School of Economics

Date Written: February 7, 2014


This paper, in honour of John King, addresses the question raised by him in his A History of Post-Keynesian since 1936, reflected in the title. Initial surveys of post-Keynesian economics defined it in term of the Keynesian, Kaleckian and Sraffian strands. However, subsequently, it has become less clear that the Sraffian stream should be included under the 'broad church' known as post-Keynesian economics. Serious and irreconcilable methodological differences exist between Sraffians and post-Keynesians about the validity of comparisons of long-run equilibrium positions, the role of historical time and the importance of uncertainty.

Keywords: Keynes, post-Keynesians, Sraffians, methodology, path determinacy, traverse

JEL Classification: B2, B41, B5, D4, D5

Suggested Citation

Hart, Neil and Kriesler, Peter, Keynes, Kalecki, Sraffa: Coherence? (February 7, 2014). UNSW Australian School of Business Research Paper No. 2014-06, Available at SSRN: or

Neil Hart

University of New South Wales (UNSW) ( email )

High St
Sydney, NSW 2052

Peter Kriesler (Contact Author)

UNSW Australia Business School, School of Economics ( email )

High Street
Sydney, NSW 2052

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