ReOrient global Keynesianism (3) - Ecology

["g kohler" <kohlerg@xxxxxxxx>]

ReOrient global Keynesianism (3) - Ecology

Here is a gem of an article which forges a link between post-Keynesian
authors, including Cornwall, Davidson, Eichner, Kregel, Minsky, Robinson,
and global ecological policies. The main message of the article is that "The
future world economic system must be based on a kind of global ecological
Keynesianism. . ."

Gernot Köhler

["ReOrient" in the title, with a capital "O", is a logo originating from a
book title by Andre Gunder Frank.]

------------ excerpts from the Harris article -------------------
Reference:
J.M. Harris,  "Global Institutions and Ecological Crisis," World
Development, 19(1), Jan. 1991, p111-122

P111 "The future world economic system must be based on a kind of global
ecological Keynesianism, with a significant social direction of capital
flows, demand management, and technological choices, to promote ecological
sustainability."

P114 "The obsolescence of present international institutions"

P116 "A revitalized Keynesian vision" . . . "What is needed is a renewed
global Keynesianism which will focus much more on the unsolved problems of
the LDCs and which must be integrated with an analysis of the ecological
basis of economic activity."

P116-117 "As some post-Keynesian theorists have stressed (Eichner, 1979),
the policy implications of the Keynesian perspective go well beyond the
areas of fiscal and monetary policy."

P118 has a pretty graph showing the "circular flow in economics and
ecology"

P119 "the Keynesian and ecological perspectives are compatible.. . .Both
stress the need for guidance and management of economic systems . . ."

P119 "Global institutions for the 21st century must thus fulfill two sets of
functions: the traditional Keynesian functions of employment creation,
income redistribution, and economic stabilization; and the new functions of
resource conservation, waste management, environmental protection, and
planning for ecological stability."

P122  "The convergence of the Keynesian and the ecological perspectives
defines the need for global public policy making."

Who can do it?
P122 "But the world institutions of the 21st century still await the
constellation of political forces which can bring them into being."

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G. Köhler and E.J. Chaves (eds), Globalization: Critical Perspectives. Nova
Science, USA, 2003 - with contributions by: Amin, Wallerstein, Chase-Dunn,
Kiljunen, Tausch, Bond, Haritatos, Frank, Gantman, Ross, Ünay, Hanappi,
Hanappi-Egger, Chaves, Köhler

G. Köhler and A. Tausch, Global Keynesianism: Unequal Exchange and Global
Exploitation. Nova Science, USA, 2002.