Studies on the Development and Updating of Post-Keynesian Theory
DOI:
https://doi.org/10.5281/zenodo.17440721Keywords:
Post-Keynesian Economics, Alternatives to Capitalism, Public Economics, Income Distribution, Sustainable Growth, Financial RegulationsAbstract
The Post-Keynesian economic approach presents a heterodox theoretical framework aimed at updating classical Keynesian views to provide solutions to modern economic issues. The theory argues that when the free market mechanism is left to its own devices, it deepens inequalities, undermines social justice, and leads to crises. Therefore, it proposes policies that prioritize the active intervention of the state in the market, justice in income distribution, and full employment. Environmental issues, its emphasis on public welfare, the impact of financial markets on income distribution, the focus on tax justice, the ability to foresee crises and the solutions brought forth afterward, commonalities with feminist thought, sensitivities to social issues, and even criticisms of neo-classical, capitalist, and neo-liberal policies, as well as the differences and alternatives it offers, are also very important.
The importance of which areas the theory should be updated according to its historical evolution, its future, new interests and collaborations with other heterodox economics schools in common areas is another research topic and a new field of study.
References
ACEMOĞLU, D., ve ROBİNSON, J. (2008), “The Role of İnstutions in Growth and Development”. World Bank Publications, Washington DC.,
AKGÖZ, G. ve BALTA, E. (2015). “Kapitalizmin Krizine Toplumsal Cinsiyet Perspektifinden Bakmak: Analitik Bir Çerçeve Önerisi”. Sosyolojik Araştırmalar E-Dergi, 1-17. http://www.sdergi.hacettepe.edu.tr/? page=makaleler.
APPADURAI, Arjun (2017), “Demokrasi Yorgunluğu”, Geiselberger, Heinrich (Der.), Büyük Gerileme: Zamanımızın Ruh Hali Üstüne Uluslararası Bir Tartışma (İstanbul: Metis Yayınları): ss.17- 30.
ARESTİS, P. & SAWYER, M. (2003). “The Case for Fiscal Policy”. Working Paper 382, Levy Economics Institute.
ARRİGHİ, Giovanni (2010), “Long Twentieth Century Money, Power, and the Origins of Our Times” (London: Verso).
BARBİER, E.B. (2010), “Rethinking the Economic Recovery: A Global Green New Deal”, United Nations Environment Programme (UNEP).
BAUMAN, Zygmunt (2017), “Nesnesini ve İsmini Arayan Semptomlar”, Geiselberger, Heinrich (Der.), Büyük Gerileme: Zamanımızın Ruh Hali Üstüne Uluslararası Bir Tartışma (İstanbul: Metis Yayınları): 30-44.
BEİTEL, Karl (2012), “Kriz, Bütçe Açığı ve Doların Gücü: Kamu Sektörünün İtibarsızlaştırılmasına Direnmek”, Panitch L., Albo G., Chibber V. (Der.), Bu Defaki Kriz (İstanbul: Yordam Kitap): ss.286-310.
BERMAN, Marshall (2014), “Marksizmle Maceram” (İstanbul: İletişim Yayınları) (Çev. Aylin Ülçer).
BİNA, Olivia. (2013), “The Green Economy and Sustainable Development: An Uneasy Balance?”, Environment and Planning C: Government and Policy, 31, 1023-1047.
https://doi.org/10.1068/c1310j
BLACKWATER, B. (2012), “Two Cheers for Environmental Keynesianism”, Capitalism Nature Socialism, 23(2), ss.51-74.
BOTTA, A. (2013) ‘Fiscal policy, Eurobonds, and Economic Recovery: Heterodox Policy Recipes Against Financial İnstability and Sovereign Debt Crisis’, Journal of Post Keynesian Economics, 35(3), ss.417–442.
BOUGRINE, H. ve M. SECCARECCİA (2004), “Alternative Exchange Rate Arrangements and Effective Demand: An Important Missing Analysis in the Debate over Greater North American Monetary Integration”, Journal of Post Keynesian Economics, Summer, 26(4), ss. 655-677.
BOWLES, S. and R. BOYER (1996). “Wages, Aggregate Demand, and Employment İn an Open Economy: an Empirical İnvestigation”. In: Macroeconomic Policy After the Conservative Era: Studies in Investment, Saving and Finance. Ed. By G. Epstein and H. Gintis. Cambridge, Cambridge University Press.
CHANG, H.J. ve GRABEL, I. (2004), “Reclaiming Development: An Alternative Economic Policy Manual”. London: Zed Books.
CHOMSKY, Noam (2012), “Merkez Tutunamıyor: Radikal Düşünceyi Harlamak”, Panitch L., Albo G., Chibber V. (Der.), Bu Defaki Kriz (İstanbul: Yordam Kitap): ss.336-351FONTANA, Giuseppe ve SAWYER Malcolm (2016), “Towards Post-Keynesian Ecological Macroeconomics”, Ecological Economics, 121, ss.186-195.
DAVİDSON, Paul. (1992), “International Money and the Real World”, 2d ed. New York: St. Martin’s Press.
DUMENIL, Gerard ve DUMENIL Levy (2015), “Büyük Yol Ayrımı: Neo-liberalizme Son Noktayı Koymak”, (İstanbul, İletişim) (Çev. Ayşen Gür).
EASTERLY, W. (2001), “The Lost Decades: Developing Countries, Stagnation in Spite of Policy Reform 1980-1998”. Journal of Economic Growth, 6 (2),
FONTANA, Giuseppe ve SAWYER Malcolm (2016), “Towards Post-Keynesian Ecological Macroeconomics”, Ecological Economics, 121, ss.186-195.
FRASER, Nancy (2017), “İlerici Neoliberalizme Karşı Gerici Popülizm: Bir Hobson Seçimi”, Geiselberger, Heinrich (Der.), Büyük Gerileme: Zamanımızın Ruh Hali Üstüne Uluslararası Bir Tartışma (İstanbul, Metis Yayınları): ss.59-69.
GÜRKAN, Ceyhun (2016), “Maliye Teorisinde ve Politikasında Güncel Eleştirel Yaklaşımlar”, Electronic Journal of Vocational Colleges, ss.22-36.
GODLEY, W. and LAVOİE, M. (2007) ‘Fiscal Policy in a Stock-Flow Consistent (SFC) Model’, Journal of Post Keynesian Economics, 30(1), ss. 79–101.
GOODWİN, R. M. (1967). C. H. Feinstein, (Ed.), “A Growth Cycle. in Capitalism and Economic Growth”, Cambridge: Cambridge University Press. ss. 8–58.
HARRIS, J. M. (1991), “Global Institutions and Ecological Crisis”, World Development, 9ol. 19, No. 1, January, Special Issuei
HARRIS, Jonathan M. (2013), “Green Keynesianism: Beyond Standard Growth Paradigms”, Global Development and Environment Institute Working Paper, ss. 1-102.
HARVEY, J.T (1991), “A Post Keynesian View of Exchange Rate Determination”, Journal of Post-Keynesian Economics, Autumn, 14 (1), ss. 61-71.
HEİN, E. and L. VOGEL (2008). “Distribution and Growth Reconsidered Empirical Results for Six OECD Countries”. In: Cambridge Journal of Economics 32, ss. 479–511.
HEİN, Eckhard (2016), “Post-Keynesian Macroeconomics Since The Mid-1990s – Main Developments, Towards Pluralism in Macroeconomics?”, 20 Years-Anniversary Conference of the Research Network Macroeconomics and Macroeconomic Policies (FMM), 20–22 October 2016.
HEMMİNG, Richard, Michael Kell ve Selma Mahfouz (2002), “The Effectiveness Fiscal Policy in Stimulating Economic Activity-A Review of the Literature”, IMF Working Paper, WP/02/208, December, IMF.
HOLT, Richard P.F. ve SPASH Clive L. (2009), “Post Keynesian and Ecological Economics: Alternative Perspectives on Sustainability and Environmental Economics”, HOLT, R. P. F, PRESSMAN, S., SPASH, C. L. (Der.), “Post-Keynesian and Ecological Economics”, (Edward Elgar: Cheltenham): ss.3-24.
ILLOUZ, E., (2017), “Bağımsızlaşma Paradoksundan Liberal Elitlerin Ölümüne”, Geiselberger, Heinrich (Der.), Büyük Gerileme: Zamanımızın Ruh Hali Üstüne Uluslararası Bir Tartışma (İstanbul: Metis Yayınları): ss.69-87.
İŞLER, R. (2010). Feminist İktisadın Geleneksel İktisada Metodolojik Açıdan Getirdiği Eleştiriler. Ekonomi Bilimleri Dergisi, 2(1), s.115-122.
JESPERSEN, J. (2009), “Macroeconomic Methodology” –A Post-Keynesian Perspective, Edward Elgar, Cheltenham.
KALECKİ, Michal (1943), “Political Aspects Of Full Employment”, The Political Quarterly, ss.322-330.
KALECKİ, M. (1944). “Three Ways to Full Employment. Balogh”, T. (Ed.), The Economics of Full Employment (39-58). Oxford: Basil Blackwell.
KİNG, John E. (2013), “David Ricardo”, Series: Great Thinkers in Economics, Basingstoke: Palgrave Macmillan.
KRASTEV, Ivan (2017), “Çoğunlukçu Gelecekler”, Geiselberger, Heinrich (Der.), Büyük Gerileme: Zamanımızın Ruh Hali Üstüne Uluslararası Bir Tartışma (İstanbul: Metis Yayınları): ss.87- 101.
LAVOIE, M. (1996), “Monetary Policy in an Economy with Endogenous Credit Money”, in Deleplace, G. and E.J. Nell (eds), Money in Motion: The Post Keynesian and Circulation Approaches, Basingstoke: Macmillan, ss 532-545.
LAVOIE, Marc (2003), “The Tight Links Between Post-Keynesian and Feminist Economics”, in Edward Fullbrook (ed.) The Crisis in Cconomics: the Post-Autistic Economics Movement: the First 600 Days. London: Routledge, ss. 189-92.
LAVOİE, M. (2014). “Post-Keynesian Economics: New Foundations”. Cheltenham: Edward Elgar.
LAVOİE, M. (2022). “Post-Keynesian Economics: New Foundations” (2nd Edition). Edward Elgar.
MARANGOS, John, (2003), “Price Liberalization, Monetary and Fiscal Policies for Transition Economies: A Post Keynesian Perspective” Journal of Post Keynesian Economics.
MARANGOS J., (2012), (ed.), “Alternative Perspectives of a Good Society”, Palgrave Macmillan, New York. ss.583-609, Publisher’s Website, Amazon.
MASON, Paul (2017), “Özgürlük Korkusunu Aşmak”, Geiselberger, Heinrich (Der.), Büyük Gerileme: Zamanımızın Ruh Hali Üstüne Uluslararası Bir Tartışma (İstanbul: Metis Yayınları): ss.111- 128.
MEARMAN, A. (2009), ‘Why have Post-Keynesians (perhaps) İnadequately Dealt With İssues Althouse Related to The Environment?’, in P. Lawn (ed.), Environment and Employment: A Reconciliation, Abingdon and New York: Routledge, ss. 97-125.
MİNSKY H, P. (1996), "Uncertanity and the Institutional Structure of Capitalist Economıes", The Jerome Levy Economics Institute Working Paper, No.155.
NACHTWEY, Oliver (2017), “Uygarlık Dışına Çıkma: Batı Toplumlarındaki Geriye Yönelik Eğilimler Üzerine”, Geiselberger, Heinrich (Der.), Büyük Gerileme: Zamanımızın Ruh Hali Üstüne Uluslararası Bir Tartışma (İstanbul: Metis Yayınları): ss.143-155.
NELSON, J.A. (1995). “Feminism and Economics”. Journal of Economic Perspectives, 9(2), ss.131-148.
NEVİLE, J.W. (2003), “Fiscal Policy”, The Elgar Companion to Post-Keynesian Economics, Edt. J.E. King, Edward Elgar Cheltendam, UK.Northampton, MA, USA.
ONARAN, Özlem, Stockhammer, Engelbert ve Lucas Grafl (2011), “Financialisation, Income Distribution and Aggregate Demand in The USA”, Cambridge Journal of Economy, 35 (4), ss.637-661.
ONARAN, O., G. GALANİS, (2012), “Is Aggregate Demand Wage-led or Profit-Led? National and Global Effects”, Conditions of Work and Employment Series 31. International Labour Organization.
PALLEY, T. I. (2014). “A Neo-Kaleckian–Goodwin Model of Capitalist Economic Growth: Monopoly Power, Managerial Pay and Labour Market Conflict”. Cambridge Journal of Economics, 38, ss.1355–1372.
PASHA, Hafız, A (2003), “Pro-Poor Policies”, Paper Prepared for the ICNRD conference, 10.12. September, Mongolia. Regıonal Bureau for Asia and the Pacific, UNDP, New York, (www.asiapropoor.net).
RENDUELES, Cesar (2017), “Küresel Gerilemeden Post Kapitalist Karşı Hareketler”, Geiselberger, Heinrich (Der.), Büyük Gerileme: Zamanımızın Ruh Hali Üstüne Uluslararası Bir Tartışma (İstanbul: Metis Yayınları): ss.168-182.
ROBİNSON J. (1956), “The Accumulation of Capital”, London: MacMillan.
ROCHON, L.-P. and LANG, D. (2012) ‘Growth and Money in Post-Keynesian Models’, Journal of Post Keynesian Economics, 34(3), ss. 387–392.
SAAD-FİLHO, Alfredo (2012), “Neoliberalizm Krizde Mi? Yoksa Neoliberalizmin Krizi Mi?” Panitch L., Albo G., Chibber V. (Der.), Bu Defaki Kriz, (İstanbul: Yordam Kitap): ss.268-286.
SHAİKH, A. (2007). “A Proposed Synthesis of Classical and Keynesian Growth”. SCEPA Working Paper 2007-1.
SMİTHİN, John, (2001), “International Monetary Arrangements”, in Holt, R.P.F. and S. Pressman (eds.), A New Guide to Post-Keynesian Economics, London: Routledge, ss. 114-125.
SPASH, Clive L. ve HEİNZ Schandl (2009), “Challenges for Post Keynesian Growth Theory: Utopia Meets Environmental and Social Reality”, Holt, R. P. F, Pressman, S., Spash, C. L. (Der.), Post-Keynesian and Ecological Economics (Edward Elgar: Cheltenham): ss.47-76.
SPASH, Clive L. & RYAN, A., (2010). "Ecological, Heterodox and Neoclassical Economics: Investigating the Differences," MPRA Paper 26292, University Library of Munich, Germany.
STOCKHAMMER, E., (1999), “Robinsonian and Kaleckian Growth, An Update on Post-Keynesian Growth Theories”, Department of Economics Working Papers from Vienna University of Economics and Business, Department of Economics, Welthandelsplatz 1, 1020 Vienna, Austria, ss.1-20.
STOCKHAMMER, E., & ONARAN, Ö., & Ederer, S. (2009). “Functional Income Distribution and Aggregate Demand in the Euro Area”. Cambridge Journal of Economics, 33 (1): ss.139-159.
STOCKHAMMER, Engelbert ve RAMSKOGLER Paul (2009), “Post-Keynesian Economics – How to Move Forward”, Intervention, 6 (2), ss.227-246.
STOCKHAMMER, E., & ONARAN, Ö, (2012), “Wage-led Growth: Theory, Evidence, Policy”, Political Economy Research Institute (PERI), Working Paper No.300, University of Massachusetts, Amherst.
TANZİ, Vito ve Howell Zoe (2001), “Tax Policy For Developing Countries”, Economic İssues No: 27, Mart, IMF.
T.C. Strateji ve Bütçe Başkanlığı, (2022). https://www.sbb.gov.tr/yillar-bazinda-genel-devlet-istatistikleri/
VERNENGO, M. and E. Perez CALDENTEY, (2020), “Modern Money Theory (MMT) in the Tropics: Functional Finance in Developing Countries”, Challenge, 63 (6), ss. 332-348.
WEEKS, John ve RATHİN Roy (2004), “Fiscal Policy for Pro-Poor, İnvestmentLed Growth”, Draft thematic Summary on Fiscal Policy fort he Asia Pacific Programme on the Macro Economic of Poverty Reductıon.
WİLLİAMS, Rhonda (1993), “Race, Deconstruction, and the Emergent Agenda of Feminist Economic Theory”, in Marianne in Ferber and Julie Nelson (eds.) Beyond Economic Man. Feminist Theory and Economics. Chicago: University of Chicago Press, ss. 144-153.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2025 Ulusal ve Uluslararası Sosyoloji ve Ekonomi Dergisi
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
The journal is licensed under a 