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Re: new thread: PKT and ecology



At 04:40 PM 3/21/01 -0500, you wrote:
 Some intriguing issues have been raised by environmentally-minded students
concerning the long-term viability of the Keynesian growth model given the
(from their point of view) apparently unsustainable nature of the planet as
we know it if current levels of consumption are maintained and/or increased.
I have tried to offer a way of going down the middle suggesting that we need
not accept the dichotomy between jobs and the environment posed by
conservatives; that perhaps we can add environmentally sustaining jobs to
the economy, etc. And I am reminded that Shumiacher (SP?__Small is
Beautiful_), was a disciple of Keynes. When it is added that Keynes believed
in the growing satiety of demand within the 20th century ( a belief not
borne out),


In economic prospects for our grandchildren -- where he assumed basically
no population growth globally!!  Then in 60 years he thought we could end
the scarcity problem pretty much

and that he would have been relatively sympathetic to the
environmental movement, it provides a (albeit insufficient) beginning to
finding some compatibility. But given the post-Keynesian emphasis on
aggregate demand sustainment and elevation (very understandable especially
given our present circumstances) does this, at least  temporarily, cast the
green in us overboard, or is there literature or ideas out there on the
development of a distinctly green Keynesianism, or on an ecology steeped in
Keynesian-compatible economy?


see my chapter on Natural resources and post Keynesian economics in Alfred
Eichner's book "A Guide To Post Keynesian Economics".

Paul






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