Sustainable development in a post Keynesian perspective: why eco-development is relevant to post Keynesian economics
Eric Berr
Journal of Post Keynesian Economics, 2015, vol. 37, issue 3, 459-480
Abstract:
While sustainable development is a unanimously accepted watchword today, the article aims to show that the post Keynesian school, although it did not emphasize environmental issues and sustainable development as such, has tools that make it relevant on this topic. Indeed, post Keynesian sustainable development can be close to Ignacy Sachs’s eco-development, which is inspired by Michal Kalecki. Thus, post Keynesianism and eco-development share the same position related to economic growth. They meet, via the concept of radical uncertainty, on the importance of the precautionary principle. If the implications of the principle of effective demand seem to oppose them, these divergences can be easily overcome.
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:mes:postke:v:37:y:2015:i:3:p:459-480
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DOI: 10.1080/01603477.2015.1000173
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