Sen's capability approach and Post Keynesianism: similarities, distinctions, and the Cambridge tradition

Nuno Martins

Journal of Post Keynesian Economics, 2009, vol. 31, issue 4, 691-706

Abstract: The capability approach to human development, proposed by Amartya Sen and others, is now a prominent perspective within welfare economics and development economics. I argue that the capability approach, like Post Keynesianism, can be situated within the Cambridge economic tradition, a tradition grounded on classical economics, and characterized by an ontological focus on themes such as openness and uncertainty, and by a common social philosophy. Furthermore, I argue that the capability approach and Post Keynesianism can be seen as complementary and mutually enriching approaches.

Keywords: Cambridge tradition; capability approach; methodology; ontology; Post Keynesianism (search for similar items in EconPapers)
Date: 2009
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