Title

Second Thoughts on ‘Second Thoughts:’ Reconsidering the Lakatosian Progress of The General Theory

Document Type

Article

Publication Date

1990

Publication Title

Review of Political Economy

Department

Economics

Abstract

In my paper ‘Second thoughts on Lakatos’ (Hands, 1985) I argued that Keynes's The general theory would not be considered progressive on a strict application of Lakatosian standards of progress. I viewed this (along with other arguments in the paper) to be an indictment of Lakatos's philosophy of science since Lakatos explicitly requires a successful methodology to reconstruct the ‘best gambits’ of the science as rational. At least two authors, Guy Ahonen and Mark Blaug, have written detailed criticisms of my evaluation of the Lakatosian progressivity of The general theory. This paper is my reply to these criticisms.

ISSN

0953-8259