Sawyer, MC and Fontana, G (2013) Post-Keynesian and Kaleckian thoughts on ecological macroeconomics. INTERVENTION: European Journal of Economics and Economic Policies, 10 (2). 256 - 267. ISSN 2052-7764
Abstract
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.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © Sawyer, MC and Fontana, G, 2013. The definitive, peer reviewed and edited version of this article is published in INTERVENTION: European Journal of Economics and Economic Policies, 10 (2). 256 - 267, 2013, http://dx.doi.org/10.4337/ejeep.2013.02.09 |
Keywords: | Ecological economics; Sustainability; Post-Keynesian; Kaleckian; Demand-led growth |
Dates: |
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Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Business (Leeds) > Economics Division (LUBS) (Leeds) |
Depositing User: | Symplectic Publications |
Date Deposited: | 25 Feb 2014 12:07 |
Last Modified: | 01 Mar 2015 01:38 |
Published Version: | http://dx.doi.org/10.4337/ejeep.2013.02.09 |
Status: | Published |
Publisher: | Edward Elgar Publishing |
Identification Number: | 10.4337/ejeep.2013.02.09 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:77863 |