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The future of Post-Keynesian Institutionalism

In: Financial Instability and Economic Security after the Great Recession

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  • Charles J. Whalen

Abstract

This timely book rethinks economic theory and policy by addressing the problem of economic instability and the need to secure broadly shared prosperity. It stresses that advancing economics in the wake of the Great Recession requires an evolutionary standpoint, greater attention to uncertainty and expectations, and the integration of finance into macroeconomics. The result is a broader array of policy options – and challenges – than conventional economics presents.

Suggested Citation

  • Charles J. Whalen, 2011. "The future of Post-Keynesian Institutionalism," Chapters, in: Charles J. Whalen (ed.), Financial Instability and Economic Security after the Great Recession, chapter 10, pages 205-210, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:14489_10
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    References listed on IDEAS

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    1. William Waller, 2005. "Accidental Veblenian, Intentional Institutionalist, and Inevitable Feminist," Journal of Economic Issues, Taylor & Francis Journals, vol. 39(2), pages 326-334, June.
    2. Charles K. Wilber & Robert S. Harrison, 1978. "The Methodological Basis of Institutional Economics: Pattern Model, Storytelling, and Holism," Journal of Economic Issues, Taylor & Francis Journals, vol. 12(1), pages 61-89, March.
    3. Mark Setterfield (ed.), 2006. "Complexity, Endogenous Money and Macroeconomic Theory," Books, Edward Elgar Publishing, number 3552.
    4. Charles J. Whalen, 2001. "Integrating Schumpeter and Keynes: Hyman Minsky’s Theory of Capitalist Development," Journal of Economic Issues, Taylor & Francis Journals, vol. 35(4), pages 805-823, December.
    5. Charles Whalen, 2008. "Toward ‘Wisely Managed’ Capitalism: Post-Keynesian Institutionalism and the Creative State," Forum for Social Economics, Taylor & Francis Journals, vol. 37(1), pages 43-60, January.
    6. Zdravka Todorova, 2009. "Money and Households in a Capitalist Economy," Books, Edward Elgar Publishing, number 13178.
    7. Robert R. Keller, 1983. "Keynesian and Institutional Economics: Compatibility and Complementarity?," Journal of Economic Issues, Taylor & Francis Journals, vol. 17(4), pages 1087-1095, December.
    8. Wesley Clair Mitchell, 1927. "Business Cycles: The Problem and Its Setting," NBER Books, National Bureau of Economic Research, Inc, number mitc27-1, March.
    9. L. Randall Wray, 2009. "The rise and fall of money manager capitalism: a Minskian approach," Cambridge Journal of Economics, Oxford University Press, vol. 33(4), pages 807-828, July.
    10. Wesley Clair Mitchell, 1927. "Introductory pages to "Business Cycles: The Problem and Its Setting"," NBER Chapters, in: Business Cycles: The Problem and Its Setting, pages -23, National Bureau of Economic Research, Inc.
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