POST-KEYNESIAN INSTITUTIONALISM: CONTOURS AND FRONTIERS

Post-Keynesian institutionalism (PKI)—a branch of the (original) institutionalist school that builds on common ground with post-Keynesianism—constitutes a robust tradition secure foundations and broad methodological, analytical, policy contours. Since its emergence in 1980s, has consistently been ahead economic mainstream shedding light real-world problems. Drawing work various heterodox economists—including John Kenneth Galbraith, Joan Robinson, Alfred Eichner, Hyman Minsky—this article sketches contours today’s PKI, including attention to institutional characteristics labor product markets, features industrial organization, interrelations finance macroeconomics, long-term trends capitalist development. The also discusses how PKI relates post-Keynesian economics Fernando Cardim de Carvalho surveys frontiers PKI. discussion article’s brief conclusion underscore institutionalists’ commitment an ever-evolving body theory research.