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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.

Suggested Citation

  • Eric BERR (GREThA), 2008. "Keynes and the Post Keynesians on Sustainable Development," Cahiers du GREThA 2008-01, Groupe de Recherche en Economie Théorique et Appliquée.
  • Handle: RePEc:grt:wpegrt:2008-01
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    File URL: http://cahiersdugretha.u-bordeaux4.fr/2008/2008-01.pdf
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    References listed on IDEAS

    as
    1. 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.
    2. 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.
    3. J. M. Keynes, 1937. "The General Theory of Employment," The Quarterly Journal of Economics, Oxford University Press, vol. 51(2), pages 209-223.
    4. Luiz Carlos Bresser-Pereira & Carmen Augusta Varela, 2004. "The second Washington consensus and Latin America's quasi-stagnation," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 27(2), pages 231-250.
    5. Milanovic, Branko, 2003. "The Two Faces of Globalization: Against Globalization as We Know It," World Development, Elsevier, vol. 31(4), pages 667-683, April.
    6. François Bourguignon & Christian Morrisson, 2002. "Inequality Among World Citizens: 1820-1992," American Economic Review, American Economic Association, vol. 92(4), pages 727-744, September.
    7. Paul Davidson, 2002. "Restating the purpose of the JPKE after 25 years," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 25(1), pages 3-7.
    8. Eric Berr & Jean-Marie Harribey, 2006. "Le développement en question(s)," Post-Print hal-00151517, HAL.
    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.
    10. Paul Davidson, 2004. "A Post Keynesian view of the Washington consensus and how to improve it," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 27(2), pages 208-230.
    11. 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.
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    More about this item

    Keywords

    Keynes; sustainable development; Post Keynesian;

    JEL classification:

    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian

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