Artikel

Post-Keynesian macrodynamics and path-dependent growth

This paper discusses the treatment of growth as a path-dependent process in post-Keynesian macrodynamics. A synthetic post-Keynesian growth model is used to demonstrate the ways in which growth can be described as path-dependent in the post-Keynesian tradition. Recent developments in neoclassical endogenous growth theory are then discussed, with a view to highlighting the sense in which these developments encroach on the post-Keynesian treatment of growth as demand-led and path-dependent. Finally, the paper reflects on the pros and cons of these neoclassical developments for the future of post-Keynesian macrodynamics.

Sprache
Englisch

Erschienen in
Journal: Intervention. European Journal of Economics and Economic Policies ; ISSN: 2195-3376 ; Volume: 08 ; Year: 2011 ; Issue: 2 ; Pages: 299-316

Klassifikation
Wirtschaft
General Aggregative Models: Keynes; Keynesian; Post-Keynesian
General Aggregative Models: Neoclassical
One, Two, and Multisector Growth Models
Thema
post-Keynesian growth theory
neoclassical growth theory
endogenous growth
path dependence

Ereignis
Geistige Schöpfung
(wer)
Setterfield, Mark
Ereignis
Veröffentlichung
(wer)
Metropolis-Verlag
(wo)
Marburg
(wann)
2011

DOI
doi:10.4337/ejeep.2011.02.06
Handle
Letzte Aktualisierung
10.03.2025, 11:42 MEZ

Datenpartner

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Objekttyp

  • Artikel

Beteiligte

  • Setterfield, Mark
  • Metropolis-Verlag

Entstanden

  • 2011

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