Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/228688
Authors: 
Heise, Arne
Year of Publication: 
2021
Series/Report no.: 
ZÖSS Discussion Paper No. 82
Abstract: 
The Cambridge Journal of Economics witnessed an important debate between Mark Pernecky and Paul Wojick on the one side and Rod Thomas on the other about the usefulness of Thomas Kuhn's sociology and philosophy of science in explaining why Keynes's revolutionary ideas exposed in the General Theory have been 'lost in translation'. This brief note is an attempt to reconcile Pernecky and Wojick's claim that Keynes's new economics of the General Theory and Walrasian General Equilibrium are incommensurable paradigms in a Kuhnian understanding and Thomas's critique that - if they were incommensurable - Pernecki and Wojick's appraisal of Keynes's paradigm as a better approximation to the 'real world' than Walsrasian General Equilibrum is inconsistent within that very Kuhnian framework.
Subjects: 
Keynes
Kuhn
Paradigm
Incommensurability
JEL: 
B2
B40
B5
Document Type: 
Working Paper

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