Arne Heise - Keynes, Kalecki and Minsky -Post Keynesian champions in comparison or: joining forces, horses for courses or the necessity of discrimination?

jpe:16549 - Journal of Philosophical Economics, December 15, 2025, Volume XVIII - https://doi.org/10.46298/jpe.16549
Keynes, Kalecki and Minsky -Post Keynesian champions in comparison or: joining forces, horses for courses or the necessity of discrimination?Article

Authors: Arne Heise ORCID1


The effort to pluralise economics requires informed choices about paradigms, understanding their features and affiliations. Theories must be compared based on their paradigmatic localisation. A hermeneutic analysis challenges the view that Keynes, Kalecki, and Minsky share a unified Post Keynesian paradigm. Kalecki's closed system contrasts with Keynes's open system, suggesting Kalecki may align more with new-Keynesian models. Minsky, however, shares Keynes's open system ontology. This indicates that 'Post Keynesianism' may misleadingly suggest coherence where significant differences exist.


Volume: Volume XVIII
Section: Articles
Published on: December 15, 2025
Accepted on: November 14, 2025
Submitted on: September 19, 2025
Keywords: [SHS]Humanities and Social Sciences, [en] Keynes's economics Kalecki's economics Minsky's economics paradigms comparison, Keynes's economics, Kalecki's economics, Minsky's economics, paradigms, comparison

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