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Post-Keynesianism without modernity

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  • Colin Danby

Abstract

A robust and critical post-Keynesianism can be specified on the basis of time, uncertainty, and the investigation of the institutions that structure material life, without presupposing what those institutions are. This paper criticises the inclusion in influential presentations of the axiomatic foundation of post-Keynesianism of propositions about government and money that presuppose a particular ensemble of institutions. That ensemble corresponds to the ideal-type called modernity. Without modernity post-Keynesianism gains logical parsimony and breadth of application; the paper discusses non-modernist writers in the tradition that includes J. M. Keynes, K. N. Raj, Celso Furtado and Juan Noyola. Copyright The Author 2009. Published by Oxford University Press on behalf of the Cambridge Political Economy Society. All rights reserved., Oxford University Press.

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  • Colin Danby, 2009. "Post-Keynesianism without modernity," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 33(6), pages 1119-1133, November.
    • Handle: RePEc:oup:cambje:v:33:y:2009:i:6:p:1119-1133
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    File URL: http://hdl.handle.net/10.1093/cje/bep007
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    Cited by:

    1. Ingrid Harvold Kvangraven & Surbhi Kesar, 2021. "Standing in the Way of Rigor? Economics’ Meeting with the Decolonizing Agenda," Working Papers 2110, New School for Social Research, Department of Economics.

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