The Cambridge Post-Keynesians: An Outsider's Insider View

Christopher Bliss

History of Political Economy, 2010, vol. 42, issue 4, 631-652

Abstract: The paper examines the so-called Cambridge post-Keynesians from the point of view of one who was exposed to them as an undergraduate, with the addition of some mature thoughts. As confirmed by Luigi Pasinetti in his 2007 book Keynes and the Cambridge Keynesians: A “Revolution in Economics†to Be Accomplished, there was never a unified school. A major theme, particularly for Joan Robinson, was the theory of investment advanced by Keynes in his General Theory. This in turn is examined critically. The post-Keynesian group, with the notable exception of Nicholas Kaldor, proved to be remarkably unproductive. This is explained by an essentially negative approach and by a tradition of self-righteous intolerance that goes back to Keynes himself.

Keywords: Keynesian Economics; Cambridge; Luigi Pasinetti; Joan Robinson; Nicholas Kaldor (search for similar items in EconPapers)
Date: 2010
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