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The Cambridge Post-Keynesians: An Outsider's Insider View

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  • Christopher Bliss
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    Abstract

    The paper examines the so-called Cambridge post-Keynesians from the point of view of one who was exposed to them as an undergraduate, with the addition of some mature thoughts. As confirmed by Luigi Pasinetti in his 2007 book Keynes and the Cambridge Keynesians: A “Revolution in Economics” to Be Accomplished, there was never a unified school. A major theme, particularly for Joan Robinson, was the theory of investment advanced by Keynes in his General Theory. This in turn is examined critically. The post-Keynesian group, with the notable exception of Nicholas Kaldor, proved to be remarkably unproductive. This is explained by an essentially negative approach and by a tradition of self-righteous intolerance that goes back to Keynes himself.

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    Bibliographic Info

    Article provided by Duke University Press in its journal History of Political Economy.

    Volume (Year): 42 (2010)
    Issue (Month): 4 (Winter)
    Pages: 631-652

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    Handle: RePEc:hop:hopeec:v:42:y:2010:i:4:p:631-652

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    Related research

    Keywords: Keynesian Economics; Cambridge; Luigi Pasinetti; Joan Robinson; Nicholas Kaldor;

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    Cited by:
    1. Bellino, Enrico, 2013. "On the stability of the Ramsey accumulation path," MPRA Paper 44024, University Library of Munich, Germany.

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