IDEAS home Printed from https://ideas.repec.org/a/sos/sosjrn/190407.html
   My bibliography  Save this article

Revival of Keynesian Economics or Greening Capitalism: “Green Keynesianism”

Author

Listed:
  • Metehan CÖMERT

Abstract

Severity of economic crises and environmental collapses have sparked off a renewed interest in revisiting mainstream arguments dominated by neoclassical economic models in a critical way. The idea behind these critisisms is that there is an essential need to develop a new approach that embraces the elements of ecologically sustainable and economically viable solutions for the globalized capitalism of the twenty-first century. After giving a brief overview of debates related to the criticism of mainstream arguments and revival of the Keynesian idea with a new interpretation, this paper explores basic characteristics of “green Keynesianism” and discusses theoretical arguments related to this concept. Also, “green new deal” and its varieties, which might be seen as an extension of the theoretical context of green Keynesianism are examined in a practical manner. Furthermore, the paper deals with the criticisms of various aspects of this new theory.

Suggested Citation

  • Metehan CÖMERT, 2019. "Revival of Keynesian Economics or Greening Capitalism: “Green Keynesianism”," Sosyoekonomi Journal, Sosyoekonomi Society, issue 27(42).
    • Handle: RePEc:sos:sosjrn:190407
    as

    Download full text from publisher

    File URL: http://dergipark.gov.tr/download/article-file/832996
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Andrew Dobson, 2007. "Environmental citizenship: towards sustainable development," Sustainable Development, John Wiley & Sons, Ltd., vol. 15(5), pages 276-285.
    2. Barbier,Edward B., 2010. "A Global Green New Deal," Cambridge Books, Cambridge University Press, number 9780521132022, December.
    3. Eric Berr, 2015. "Sustainable development in a post Keynesian perspective: why eco-development is relevant to post Keynesian economics," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 37(3), pages 459-480, July.
    4. Andrew Mearman, 2007. "Post Keynesian economics and the environment: waking up and smelling the coffee burning?," International Journal of Green Economics, Inderscience Enterprises Ltd, vol. 1(3/4), pages 374-380.
    5. Richard P.F. Holt & Steven Pressman & Clive L. Spash (ed.), 2009. "Post Keynesian and Ecological Economics," Books, Edward Elgar Publishing, number 12988.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Lynne Chester & Joy Paton, 2013. "The economic–environment relation: can post-Keynesians, Régulationists and Polanyians offer insights?," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 10(1), pages 106-121.
    2. Gramkow, Camila, 2020. "Green fiscal policies: An armoury of instruments to recover growth sustainably," Estudios y Perspectivas – Oficina de la CEPAL en Brasilia 45418, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    3. Charles J. Whalen, 2012. "Post-Keynesian Institutionalism after the Great Recession," Economics Working Paper Archive wp_724, Levy Economics Institute.
    4. María Jesús Rosado-García & Renata Kubus & Ramón Argüelles-Bustillo & María Jesús García-García, 2021. "A New European Bauhaus for a Culture of Transversality and Sustainability," Sustainability, MDPI, vol. 13(21), pages 1-22, October.
    5. Niklas Harring & Sverker C. Jagers, 2013. "Should We Trust in Values? Explaining Public Support for Pro-Environmental Taxes," Sustainability, MDPI, vol. 5(1), pages 1-18, January.
    6. Earl, Peter E., 2012. "Experiential analysis of automotive consumption," Journal of Business Research, Elsevier, vol. 65(7), pages 1067-1072.
    7. Gaston Fornes & Abel Monfort & Camelia Ilie & Chun Kwong (Tony) Koo & Guillermo Cardoza, 2019. "Ethics, Responsibility, and Sustainability in MBAs. Understanding the Motivations for the Incorporation of ERS in Less Traditional Markets," Sustainability, MDPI, vol. 11(24), pages 1-22, December.
    8. Brian Chi-ang Lin & Siqi Zheng & Yunmin Chen & Brian Chi-ang Lin & John E. Anderson, 2016. "Environmental Sustainability And The Greened Samuelson Rule," Journal of Economic Surveys, Wiley Blackwell, vol. 30(3), pages 482-496, July.
    9. Claudio Siminelli, 2017. "Consumer behaviours and attitudes towards a circular economy: Knowledge and culture as determinants in a four-market analysis," ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT, FrancoAngeli Editore, vol. 2017(1-2), pages 135-169.
    10. Dan Brockington, 2012. "A Radically Conservative Vision? The Challenge of UNEP's Towards a Green Economy," Development and Change, International Institute of Social Studies, vol. 43(1), pages 409-422, January.
    11. Chao Wei & Shanjun Li, 2014. "The Cost of Greening Stimulus: A Dynamic Discrete Choice Analysis of Vehicle Scrappage Programs," Working Papers 2014-12, The George Washington University, Institute for International Economic Policy.
    12. Shailly Kedia & Rita Pandey & Ria Sinha, 2020. "Shaping the Post-COVID-19 Development Paradigm in India: Some Imperatives for Greening the Economic Recovery," Millennial Asia, , vol. 11(3), pages 268-298, December.
    13. Martin B. Carstensen & Christian Lyhne Ibsen & Vivien A. Schmidt, 2022. "Ideas and power in employment relations studies," Industrial Relations: A Journal of Economy and Society, Wiley Blackwell, vol. 61(1), pages 3-21, January.
    14. Pariman Boostani & Giuseppe Pellegrini-Masini & Jørgen Klein, 2024. "The Role of Community Energy Schemes in Reducing Energy Poverty and Promoting Social Inclusion: A Systematic Literature Review," Energies, MDPI, vol. 17(13), pages 1-29, July.
    15. Dolors Setó-Pamies & Eleni Papaoikonomou, 2020. "Sustainable Development Goals: A Powerful Framework for Embedding Ethics, CSR, and Sustainability in Management Education," Sustainability, MDPI, vol. 12(5), pages 1-8, February.
    16. Shaikh Eskander & Sam Fankhauser & Joana Setzer, 2021. "Global Lessons from Climate Change Legislation and Litigation," Environmental and Energy Policy and the Economy, University of Chicago Press, vol. 2(1), pages 44-82.
    17. Gabriela MOTOI, 2020. "The Challenges And Opportunities Of Green Economy And Green Jobs.From A Global To A European Approach," Social Sciences and Education Research Review, Department of Communication, Journalism and Education Sciences, University of Craiova, vol. 7(2), pages 195-205, December.
    18. Vitor E. Schincariol, 2021. "Joan Robinson on Environment and Ecology," Agrarian South: Journal of Political Economy, Centre for Agrarian Research and Education for South, vol. 10(3), pages 440-462, December.
    19. Eduardo Fernández-Huerga & Ana Pardo & Ana Salvador, 2023. "Compatibility and complementarity between institutional and post-Keynesian economics: a literature review with a particular focus on methodology," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 40(2), pages 413-443, July.
    20. Simonis, Udo E., 2020. "Vom "Green New Deal" zum "European Green Deal" [Green New Deal" or "European Green Deal]," Discussion Papers, Emeriti EME 2020-002, WZB Berlin Social Science Center.

    More about this item

    Keywords

    Green Keynesianism; New Deal; Green New Deal; Keynesian Economics; Sustainability; Environment.;
    All these keywords.

    JEL classification:

    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sos:sosjrn:190407. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Aysen Sivrikaya (email available below). General contact details of provider: http://www.sosyoekonomijournal.org/home.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.