Post Keynesian Economics Society

Post Keynesian Economics Society
Name	Post Keynesian Economics Society
Formation	1988
Type	Learned society
Headquarters	London
Region served	International
Leader title	President

Contents

Post Keynesian Economics Society is an academic association dedicated to promoting John Maynard Keynes-inspired heterodox economics scholarship and policy discussion. Founded to unite scholars influenced by Joan Robinson, Piero Sraffa, Nicholas Kaldor, and Michal Kalecki, the Society fosters dialogue among researchers connected to institutions such as University of Cambridge, University of London, New School for Social Research, Massachusetts Institute of Technology, and University of Oxford. Its membership includes scholars associated with journals like Cambridge Journal of Economics, Review of Political Economy, and Economics and Philosophy, as well as with research centers such as the Institute for New Economic Thinking, Centre for Economic Policy Research, Institute of Development Studies, and the Levy Economics Institute.

History

The Society was established in the late 20th century by academics who had participated in events like the Cambridge Capital Controversy, debates at the Royal Economic Society, and symposia connected to the legacies of John Hicks, Paul Samuelson, Hyman Minsky, and Joan Robinson. Early conveners included figures from University College London, Birkbeck, University of London, Kiel Institute for the World Economy, and the London School of Economics, alongside scholars from University of Toronto, University of Massachusetts Amherst, and University of Sydney. Over time the organization forged links with policy forums such as the World Bank, International Monetary Fund, United Nations Conference on Trade and Development, and advocacy networks like Trade Union Congress and Socialist International.

The Society aims to advance research commensurate with the intellectual traditions of John Maynard Keynes, Joan Robinson, Piero Sraffa, Nicholas Kaldor, and Hyman Minsky; to disseminate findings through venues associated with Cambridge Journal of Economics and Review of Political Economy; and to influence policy discussions in forums such as Parliament of the United Kingdom, European Parliament, United States Congress, and United Nations General Assembly. Objectives include encouraging methodological pluralism akin to debates involving Karl Polanyi, Thorstein Veblen, Joseph Schumpeter, David Ricardo, and Adam Smith; supporting early-career scholars tied to institutions like SOAS University of London, University of Manchester, University of California, Berkeley, and Columbia University; and fostering networks linked to foundations such as the Rothschild Foundation and the Ford Foundation.

Membership comprises academic and independent researchers from departments at University of Cambridge, University of Oxford, London School of Economics, New School for Social Research, University of Michigan, University of Paris I Panthéon-Sorbonne, University of Toronto, Australian National University, University of Cape Town, and Jawaharlal Nehru University. Governance typically features an executive committee with offices bearing titles similar to those used at Royal Economic Society and American Economic Association, and advisory panels including fellows linked to British Academy, Royal Society of Edinburgh, Academy of Social Sciences (United Kingdom), and national academies such as the National Academy of Sciences (United States). Membership categories mirror models from the Economic History Society and Society for the Advancement of Socio-Economics.

The Society organizes annual meetings that bring together presenters associated with conferences like the Association for Heterodox Economics gatherings, workshops at Cambridge University Press events, and panels similar to those at the European Association for Evolutionary Political Economy and International Confederation of Associations for Pluralism in Economics conferences. Sessions often include discussants with affiliations to Bank of England, Federal Reserve Board, European Central Bank, Bank for International Settlements, and civil society groups such as Oxfam, Amnesty International, and Friends of the Earth. Collaborations have occurred with university-hosted symposia at King's College London, University of Edinburgh, Trinity College Dublin, and research seminars at Harvard University and Princeton University.

Research promoted by the Society appears in journals and series linked to Cambridge University Press, Routledge, Palgrave Macmillan, and periodicals such as Cambridge Journal of Economics, Review of Political Economy, Journal of Post Keynesian Economics, Economic and Industrial Democracy, and New Left Review. Contributors often cite canonical works like The General Theory of Employment, Interest and Money, publications by Piero Sraffa, and treatises from Nicholas Kaldor and Hyman Minsky, while engaging with analytic traditions associated with Marx, Keynes, Sraffa, Veblen, and Schumpeter. The Society supports working paper series similar to those of the Centre for Economic Policy Research and the Institute for New Economic Thinking, and maintains links to repositories at institutions such as RePEc, SSRN, and university libraries at University of Cambridge and London School of Economics.

The Society's perspectives have influenced policy debates involving figures and institutions like Mervyn King, Mark Carney, Janet Yellen, Joseph Stiglitz, Paul Krugman, Thomas Piketty, Amartya Sen, and platforms such as Progressive International and Green New Deal advocacy. Critics from mainstream circles tied to Chicago School of Economics, MIT economics, Robert Lucas Jr., Milton Friedman, and proponents of New Classical Economics argue that Post Keynesian approaches lack formal modeling rigor comparable to work from Nobel Memorial Prize in Economic Sciences laureates, while supporters point to historical episodes including the Great Depression, 1970s stagflation, the 2007–2008 financial crisis, and the COVID-19 pandemic as evidence for the relevance of its frameworks. Debates have been held in venues such as the Royal Economic Society meetings, in op-eds in outlets like Financial Times and The Guardian, and in critical responses authored by scholars affiliated with Institute of Economic Affairs and Cato Institute.

The Society maintains active networks and affiliated chapters across regions with concentrations at universities such as University of California, Berkeley (West Coast), University of Toronto (Canada), University of Cape Town (Africa), University of São Paulo (Latin America), Australian National University (Oceania), Delhi School of Economics (South Asia), Peking University (East Asia), and several European hubs including University of Bologna and University of Amsterdam. It collaborates with regional associations like the Latin American Council of Social Sciences, the African Economic Research Consortium, the European Association for Evolutionary Political Economy, and national learned societies such as the Economic Society of Australia and the German Economic Association.

Category:Learned societies Category:Economics organizations