Identity, risk, and financial capitalism: a post Keynesian research agenda on racial and gender stratification in the U.S

Recent crises including the COVID-19 pandemic demonstrated that exposure to economic and noneconomic risk continues to be unequally distributed by race and gender in the U.S.. Post Keynesian economics provides a lens that is uniquely suited to understanding the interactions between distribution and risk, particularly in relationship to financial markets. This chapter begins with a review of current post Keynesian work on identity, incorporating insights from feminist and stratification economics. I connect theoretical starting points from these schools of thought, such as the centrality of group identity and non-market work, to post Keynesian theory. I also outline fruitful areas for further research in a post Keynesian research agenda on stratification and financial capitalism. Additional empirical work examining racial and gender disparities in credit markets and wealth accumulation would both strengthen the explanatory power of post Keynesian analysis and inform policy recommendations for an inclusive economy.