Post-Keynesian and Kaleckian thoughts on ecological macroeconomics

Giuseppe Fontana and Malcolm Sawyer ()

European Journal of Economics and Economic Policies: Intervention, 2013, vol. 10, issue 2, 256-267

Abstract: This paper outlines an approach to ecological macroeconomics based on post-Keynesian and Kaleckian ideas. It views growth as demand-driven through investment, and focuses on the conflicts between that demand-driven growth rate, the growth of the effective labour force and the ‘nature constrained’ rate of growth. The paper argues that there will not be ‘market forces’ which will address those conflicts, and specifically to bring growth to an environmentally sustainable growth rate. The policy agenda which is suggested is wide ranging and it calls for appropriate fiscal policy and budget deficits.

Keywords: Â ecological economics; sustainability; post-Keynesian; Kaleckian; demand-led growth (search for similar items in EconPapers)
JEL-codes: E12 E51 Q57 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (29)

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Persistent link: https://EconPapers.repec.org/RePEc:elg:ejeepi:v:10:y:2013:i:2:p256-267

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