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Sen's capability approach and Post Keynesianism: similarities, distinctions, and the Cambridge tradition

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  • Nuno Ornelas Martins

Abstract

The capability approach to human development, proposed by Amartya Sen and others, is now a prominent perspective within welfare economics and development economics. I argue that the capability approach, like Post Keynesianism, can be situated within the Cambridge economic tradition, a tradition grounded on classical economics, and characterized by an ontological focus on themes such as openness and uncertainty, and by a common social philosophy. Furthermore, I argue that the capability approach and Post Keynesianism can be seen as complementary and mutually enriching approaches.

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  • Nuno Ornelas Martins, 2009. "Sen's capability approach and Post Keynesianism: similarities, distinctions, and the Cambridge tradition," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 31(4), pages 691-706, July.
    • Handle: RePEc:mes:postke:v:31:y:2009:i:4:p:691-706
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    Cited by:

    1. Lewis, Paul, 2021. "Elinor's Ostrom's ‘realist orientation’: An investigation of the ontological commitments of her analysis of the possibility of self-governance," Journal of Economic Behavior & Organization, Elsevier, vol. 189(C), pages 623-636.
    2. Martins, Nuno, 2011. "Sustainability economics, ontology and the capability approach," Ecological Economics, Elsevier, vol. 72(C), pages 1-4.

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