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The Cambridge Post-Keynesians: An Outsider's Insider View

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  • Christopher Bliss

Abstract

The paper examines the so-called Cambridge post-Keynesians from the point of view of one who was exposed to them as an undergraduate, with the addition of some mature thoughts. As confirmed by Luigi Pasinetti in his 2007 book Keynes and the Cambridge Keynesians: A “Revolution in Economics” to Be Accomplished, there was never a unified school. A major theme, particularly for Joan Robinson, was the theory of investment advanced by Keynes in his General Theory. This in turn is examined critically. The post-Keynesian group, with the notable exception of Nicholas Kaldor, proved to be remarkably unproductive. This is explained by an essentially negative approach and by a tradition of self-righteous intolerance that goes back to Keynes himself.

Suggested Citation

  • Christopher Bliss, 2010. "The Cambridge Post-Keynesians: An Outsider's Insider View," History of Political Economy, Duke University Press, vol. 42(4), pages 631-652, Winter.
    • Handle: RePEc:hop:hopeec:v:42:y:2010:i:4:p:631-652
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    Cited by:

    1. Bellino, Enrico, 2013. "On the stability of the Ramsey accumulation path," MPRA Paper 44024, University Library of Munich, Germany.
    2. Dusek, Tamás, 2022. "Keynes sikerességének és népszerűségének okai Keynes életrajzai szerint [Keynes success and popularity according to Keynes biographies]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(9), pages 1048-1072.
    3. Baranzini, Mauro L. & Mirante, Amalia, 2021. "Pasinetti's theorem: A narrow escape, for what was to become an inexhaustible research programme," Structural Change and Economic Dynamics, Elsevier, vol. 59(C), pages 470-481.

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