Citation

Danby C. Camb. J. Econ. 2009; 33(6): 1119-1133.

Copyright

(Copyright © 2009, Cambridge Political Economy Society, Publisher Oxford University Press)

DOI

10.1093/cje/bep007

PMID

unavailable

Abstract

A robust and critical post-Keynesianism can be specified on the basis of time, uncertainty, and the investigation of the institutions that structure material life, without presupposing what those institutions are. This paper criticises the inclusion in influential presentations of the axiomatic foundation of post-Keynesianism of propositions about government and money that presuppose a particular ensemble of institutions. That ensemble corresponds to the ideal-type called modernity. Without modernity post-Keynesianism gains logical parsimony and breadth of application; the paper discusses non-modernist writers in the tradition that includes J. M. Keynes, K. N. Raj, Celso Furtado and Juan Noyola.