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Growth and money in Post Keynesian models

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  • Louis-Philippe Rochon
  • Dany Lang

Abstract

During the Last few years, a significant renewal and development in Post Keynesian modeling has taken place. A perfect illustration of this can undeniably be found by opening recent issues of this journal, as well as others. The growing interest for this kind of models has been reinforced since the 2007 crisis, a tragic event that has confirmed the relevance of the Post Keynesian analysis. Roughly speaking, the main strands of the current Post Keynesian literature are the Kaleckian models of growth and income distribution, the Kaldorian-Robinsonian models of path dependency, and the Minskian models of financial crises. In addition, the stock-flow consistent methodology can be a useful tool for understanding complex macroeconomic interactions with multiple buffers.
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  • Louis-Philippe Rochon & Dany Lang, 2012. "Growth and money in Post Keynesian models," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 34(3), pages 387-392.
    • Handle: RePEc:mes:postke:v:34:y:2012:i:3:p:387-392
    DOI: 10.2753/PKE0160-3477340300
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