On the Theoretical and Institutional Roots of Post-Keynesian Economics

Louis-Philippe Rochon

Review of Political Economy, 2023, vol. 35, issue 1, 6-27

Abstract: This article explores both the institutional and theoretical roots of post-Keynesian economics, treated separately. I argue that while there seems to be two accounts of the institutional roots, each emphasize a different narrative and can be reconciled. As for the theoretical roots, I argue that ‘everything started with the Accumulation of Capital’ — Joan Robinson’s so-called Magnum Opus. The book contains all the elements of what characterizes post-Keynesian economics today.

Date: 2023
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DOI: 10.1080/09538259.2022.2091335

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