Post-Keynesian Institutionalism after the Great Recession

Charles J. Whalen

Economics Working Paper Archive from Levy Economics Institute

Abstract: This paper surveys the context and contours of contemporary Post-Keynesian Institutionalism (PKI). It begins by reviewing recent criticism of conventional economics by prominent economists as well as examining, within the current context, important research that paved the way for PKI. It then sketches essential elements of PKI--drawing heavily on the contributions of Hyman Minsky--and identifies directions for future research. Although there is much room for further development, PKI offers a promising starting point for economics after the Great Recession.

Keywords: Post-Keynesian Institutionalism; Institutional Economics; Post-Keynesian Economics; Financial Instability; Money-Manager Capitalism; Hyman Minsky (search for similar items in EconPapers)
JEL-codes: B25 B52 E12 E32 (search for similar items in EconPapers)
Date: 2012-05
New Economics Papers: this item is included in nep-hme, nep-hpe and nep-pke
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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