Growth, the Environment and Keynes: Reflections on Two Heterodox Schools of Thought

Clive Spash and Heinz Schandl ()

No 2009-01, Socio-Economics and the Environment in Discussion (SEED) Working Paper Series from CSIRO Sustainable Ecosystems

Abstract: This paper explores the approach of Post Keynesian Economics (PKE) in comparison with ecological economics. While PKE, like all macroeconomics, has failed to address environmental problems it does have many aspects which make compatibility with ecological economics seem feasible. Ecological economics has no specific macroeconomic approach although it has strong implications for economic growth and how this should be controlled, directed and in materials terms limited. We highlight growth as the key area of difference and reflect upon how Keynes himself saw capital accumulation as a means to an end not an end in itself, regarded it as a temporary measure and also was well aware of some of its psychological and social drawbacks.

Keywords: environment; Keynes; post keynesian; ecological economics (search for similar items in EconPapers)
JEL-codes: E12 O40 P16 Q01 (search for similar items in EconPapers)
Pages: 44 pages
Date: 2009-01
New Economics Papers: this item is included in nep-env, nep-hpe, nep-mac and nep-pke
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (10)

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Working Paper: Growth, the Environment and Keynes: Reflections on Two Heterodox Schools of Thought (2009)
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