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

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Abstract(s)

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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Copyright © 2009 M.E. Sharpe, Inc.

Keywords

Cambridge Tradition Capability Approach Methodology Ontology Post Keynesianism

Citation

Martins, Nuno Ornelas (2009). "Sen's capability approach and Post Keynesianism: similarities, distinctions, and the Cambridge tradition", «Journal of Post Keynesian Economics», 31(4), 691-706. http://dx.doi.org/10.2753/PKE0160-3477310409.

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