A realist appraisal of post-Keynesian pricing theory

This paper argues that, based on the ontological insights ofcritical realism, epistemological guidelines can be establishedto review post-Keynesian pricing theories critically. Consequently,the paper suggests a basis on which the coherence of post-Keynesianpricing theory can be established. Crucially, some often-citedcontributions are inconsistent with such a realist-defined post-Keynesianeconomics. The role of empirical work in critical realism isdiscussed.