Sustainable Development in a Post Keynesian Perspective: Return to Basics of Ecodevelopment
AbstractWhile sustainable development is a unanimously accepted watchword today, we wish to show that the post Keynesian school, even if it did not emphasize on environmental issues and, generally speaking, on sustainable development as such, has tools that make it relevant on this topic. Indeed, post Keynesian sustainable development can be close to Sachs’ ecodevelopment, which is inspired by Kalecki. Thus, post Keynesianism and ecodevelopment share the same position related to economic growth. They meet, via the concept of radical uncertainty, on the importance of the precautionary principle. If the implications of the principle of effective demand seem to oppose them, these divergences can be easily overcome.
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Bibliographic InfoPaper provided by Groupe de Recherche en Economie Théorique et Appliquée in its series Cahiers du GREThA with number 2008-24.
Date of creation: 2008
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ustainable development; ecodevelopment; Kalecki; Keynes; Sachs; post Keynesian;
Find related papers by JEL classification:
- B30 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - General
- B59 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Other
- E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian
- O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-11-18 (All new papers)
- NEP-ENV-2008-11-18 (Environmental Economics)
- NEP-HPE-2008-11-18 (History & Philosophy of Economics)
- NEP-MAC-2008-11-18 (Macroeconomics)
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