Post-Keynesian and Kaleckian thoughts on ecological macroeconomics
Fontana, Giuseppe ; Sawyer, Malcolm
European Journal of Economics and Economic Policies
2013
10
2
256-267
economic growth ; economic theory ; macroeconomics ; sustainable development
Economics
http://dx.doi.org/10.4337/ejeep.2013.02.09
English
Bibliogr.
"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."
Digital
The ETUI is co-funded by the European Union. Views and opinions expressed are however those of the author(s) only and do not necessarily reflect those of the European Union or the ETUI.