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Keynes and the Post Keynesians on Sustainable Development

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  • Eric BERR (GREThA)

Abstract

Since the beginning of the 1970s, the questions related to ecology come in the forefront and progressively led to the adoption of the concept of sustainable development, which now appears to be a new world-wide objective. We argue that numerous writings of Keynes contain the premises of such a sustainable development. We present his views relatively to the three pillars of sustainability: ecological, social and financial. Indeed, Keynes’ positions on uncertainty, money, the place of economics, arts, financing, philosophy, etc. are consistent with a strong sustainability. Finally, we try to give some insights for an indispensable 21st century post Keynesian sustainable development program.

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Paper provided by Groupe de Recherche en Economie Théorique et Appliquée in its series Cahiers du GREThA with number 2008-01.

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Date of creation: 2008
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Handle: RePEc:grt:wpegrt:2008-01

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Keywords: Keynes; sustainable development; Post Keynesian;

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  1. François Bourguignon & Christian Morrisson, 2001. "Inequality among World Citizens : 1820-1992," DELTA Working Papers 2001-18, DELTA (Ecole normale supérieure).
  2. Paul Davidson, 2004. "A Post Keynesian view of the Washington consensus and how to improve it," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 27(2), pages 208-230, December.
  3. Paul Davidson, 2002. "Restating the purpose of the JPKE after 25 years," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 25(1), pages 3-7, January.
  4. Luiz Carlos Bresser-Pereira & Carmen Augusta Varela, 2004. "The second Washington consensus and Latin America's quasi-stagnation," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 27(2), pages 231-250, December.
  5. Sneddon, Chris & Howarth, Richard B. & Norgaard, Richard B., 2006. "Sustainable development in a post-Brundtland world," Ecological Economics, Elsevier, vol. 57(2), pages 253-268, May.
  6. Eric Berr & François Combarnous & Eric Rougier, 2005. "Too much consensus could be harmful : measuring the degree of implementation of the Washington consensus and its impact on economic growth," Documents de travail 116, Groupe d'Economie du Développement de l'Université Montesquieu Bordeaux IV.
  7. Milanovic, Branko, 2003. "The Two Faces of Globalization: Against Globalization as We Know It," World Development, Elsevier, vol. 31(4), pages 667-683, April.
  8. Ruth, Matthias, 2006. "A quest for the economics of sustainability and the sustainability of economics," Ecological Economics, Elsevier, vol. 56(3), pages 332-342, March.
  9. Eichner, Alfred S & Kregel, J A, 1975. "An Essay on Post-Keynesian Theory: A New Paradigm in Economics," Journal of Economic Literature, American Economic Association, vol. 13(4), pages 1293-1314, December.
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