Towards a Post-Keynesian Welfare Economics: 35 Years Later

Shaun P. Hargreaves Heap

Review of Political Economy, 2023, vol. 35, issue 1, 50-64

Abstract: I re-visit the two arguments in my original paper, published in this journal in 1989. Pleasingly (but perhaps suspiciously) I have no reason to challenge them, but the insights that have come from behavioural economics over the intervening 35 years provide important new sources of support for both. The insights with respect to endogenous preferences add weight to the first argument for why collective/social choice is important (i.e., why welfare economics matters). In the second argument over the specific egalitarian flavour of post-Keynesian welfare proposals, I now fine tune this suggestion with the aid of behavioural insights so as to focus on the egalitarian character of the rules (and not the outcomes in society).

Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/09538259.2022.2130656 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:revpoe:v:35:y:2023:i:1:p:50-64

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/CRPE20

DOI: 10.1080/09538259.2022.2130656

Access Statistics for this article

Review of Political Economy is currently edited by Steve Pressman and Louis-Philippe Rochon

More articles in Review of Political Economy from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().