The economicâ€“environment relation: can post-Keynesians, RÃ©gulationists and Polanyians offer insights?
AbstractAs the environmental debate has intensified, post-Keynesians, RÃ©gulationists and Polanyians remain relatively silent. All treat time as historical, consider economic issues subordinate to politics and have plenty to say about growth, institutions, uncertainty and path-dependent events. These concepts seem pertinent to understanding the economicâ€“environment problematic. This article explores the â€˜environmental potentialâ€™ of these three heterodox economic traditions. We examine the conception of nature underpinning each methodological approach and the ability of their key conceptual tools to explain the economicâ€“environment relation. Methodological pluralism and a project driven by the neoclassical agenda, we posit, seriously weakens the possibility of a post-Keynesian-grounded coherent environmental perspective. On the other hand, the RÃ©gulationists and Polanyians provide cogent analytical frameworks to advance explanations of the economicâ€“environment relation and the contemporary environmental challenge.
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Bibliographic InfoArticle provided by Edward Elgar in its journal European Journal of Economics and Economic Policies: Intervention.
Volume (Year): 10 (2013)
Issue (Month): 1 ()
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Web page: http://www.elgaronline.com/ejeep
Â capitalism; environment; Polanyi; post-Keynesian; RÃ©gulation theory;
Find related papers by JEL classification:
- B50 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - General
- B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Institutional; Evolutionary
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