Growth, the Environment and Keynes: Reflections on Two Heterodox Schools of Thought

Clive Spash and Heinz Schandl

MPRA Paper from University Library of Munich, Germany

Abstract: This paper explores the approach of Post Keynesian Economics (PKE) in comparison with ecological economics. While PKE, like all macroeconomics, has failed to address environmental problems it does have many aspects which make compatibility with ecological economics seem feasible. Ecological economics has no specific macroeconomic approach although it has strong implications for economic growth and how this should be controlled, directed and in materials terms limited. We highlight growth as the key area of difference and reflect upon how Keynes himself saw capital accumulation as a means to an end not an end in itself, regarded it as a temporary measure and also was well aware of some of its psychological and social drawbacks.

Keywords: heterodox economics; environment; Keynes; post keynesian economics; ecological economics; economic growth (search for similar items in EconPapers)
JEL-codes: B5 E12 E51 O40 O44 P16 Q01 Q57 (search for similar items in EconPapers)
Date: 2009-01
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11)

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Working Paper: Growth, the Environment and Keynes: Reflections on Two Heterodox Schools of Thought (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:102542

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