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Towards a Spatial Keynesian Economics

In: Advances in Monetary Policy and Macroeconomics

Author

Listed:
  • William Mitchell
  • James Juniper

Abstract

What would a Post Keynesian economist see as being the appropriate macroeconomic policy goals of the state? If we polled macroeconomists of all ideological persuasions, and asked them to outline the major macroeconomic policy objectives then the following consensus would probably emerge: (a) full employment; (b) price stability; (c) a robustly sustainable rate of economic growth; and (d) maintaining an equilibrium balance of payments. While these goals are so general that they lack clarity and are regularly used by different economists in ways that do not permit meaningful dialogue, we can use them to motivate our discussion.

Suggested Citation

  • William Mitchell & James Juniper, 2007. "Towards a Spatial Keynesian Economics," Palgrave Macmillan Books, in: Philip Arestis & Gennaro Zezza (ed.), Advances in Monetary Policy and Macroeconomics, chapter 11, pages 192-211, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-80076-2_11
    DOI: 10.1057/9780230800762_11
    as

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