Show Summary Details

Page of

PRINTED FROM OXFORD HANDBOOKS ONLINE (www.oxfordhandbooks.com). © Oxford University Press, 2018. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a title in Oxford Handbooks Online for personal use (for details see Privacy Policy and Legal Notice).

date: 15 July 2020

Abstract and Keywords

Post-Keynesian environmental economics provides a realistic view of the impact of different environmental policy instruments in modern capitalist economies and, in turn, guides the design of policy aimed at improving environmental conditions and reducing energy and material throughput. Post-Keynesian environmental economists criticize the orthodox approach to the environment and the framework of those ecological economists relying on neoclassical principles, since these models neglect fundamental uncertainty, endogenous preferences, path dependence, a foundational role for money, the distribution of income, nonergodic processes, complex system dynamics, and economic power relations. This chapter begins with a brief history of post-Keynesian environmental economics before addressing the reasons for the lack of attention devoted to environmental issues in post-Keynesian economics. It also explores justifications for prioritizing environmental sustainability within post-Keynesian theory and discusses some of the ways the environment can be embedded within post-Keynesian theory. The chapter concludes with a critique of orthodox environmental economic policy and a post-Keynesian alternative.

Keywords: post-Keynesian economics, post-Keynesian environmental economics, environmental policy, economic policy, environment, environmental sustainability

Access to the complete content on Oxford Handbooks Online requires a subscription or purchase. Public users are able to search the site and view the abstracts and keywords for each book and chapter without a subscription.

Please subscribe or login to access full text content.

If you have purchased a print title that contains an access token, please see the token for information about how to register your code.

For questions on access or troubleshooting, please check our FAQs, and if you can''t find the answer there, please contact us.