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Uncertainty and the Economy of Exclusion: Insights from Post‐Keynesian Institutionalism

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  • David A. Zalewski

Abstract

Critics of Pope Francis’s Evangelii gaudium argue that recent economic growth and reductions in inequality are evidence that his notion of the “economy of exclusion” is misguided. However, Francis alludes to another type of exclusion—increased uncertainty generated by technological change that affects citizens even in developed nations. Drawing from Post‐Keynesian institutionalist theory, this article argues that this condition is common in capitalism, and that grassroots reforms are needed to ensure shared prosperity.

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  • David A. Zalewski, 2019. "Uncertainty and the Economy of Exclusion: Insights from Post‐Keynesian Institutionalism," American Journal of Economics and Sociology, Wiley Blackwell, vol. 78(4), pages 955-972, September.
    • Handle: RePEc:bla:ajecsc:v:78:y:2019:i:4:p:955-972
    DOI: 10.1111/ajes.12291
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