Post-Keynesian Institutionalism after the Great Recession
AbstractThis article surveys the context and contours of contemporary Post-Keynesian Institutionalism (PKI). It begins by reviewing recent criticism of conventional economics by prominent economists as well as examining, against the backdrop of the current context, important research that paved the way for PKI today. Then it sketches essential elements of PKI â€“ drawing heavily on the contributions of Hyman Minsky â€“ and identifies directions for future research. Although there is much room for further development, PKI offers a promising starting point for economics after the Great Recession.
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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
Post-Keynesian Institutionalism; institutional economics; post-Keynesian economics; financial instability; money manager capitalism; Hyman Minsky;
Find related papers by JEL classification:
- B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian
- B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Institutional; Evolutionary
- E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
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