Money, Method and Contemporary Post-Keynesian Economics
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Money, Method and Contemporary Post-Keynesian Economics

Edited by Sheila Dow, Jesper Jespersen and Geoff Tily

This volume concentrates on contemporary Post-Keynesian contributions in money, method and economic policy. Post-Keynesian economics shares with Keynes the ambition of understanding the economy as a whole and as an integrated part of society. The book begins by analysing money, banks and finance as dynamic phenomena, followed by chapters focusing on methodological themes such as uncertainty, longer-term issues, sustainability and other non-monetary economic activities.
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Chapter 7: Finance for transformation: a Post-Keynesian perspective on global sustainable development

Rogério Studart

Abstract

The world urgently needs to address three daunting challenges. To lay the foundation for lasting, inclusive prosperity, economic growth needs to rise beyond the levels attained in weak recovery since the global financial crisis. We also need to substantially increase the access of excluded populations to energy, clean water, accessible transportation and more inclusive and cleaner urban environments. Finally, climate change threatens our future and we need to move the world onto a low-carbon growth path and mitigate the dramatic consequences of global warming. If properly executed, massive sustainable infrastructure investment can help address daunting challenges simultaneously and pave the way to a more prosperous and sustainable future for all. Not surprisingly, a significant number of communiques coming from global forums (for example Multilateral Development Banks 2015a; 2015b) have elected the boosting of such investment as one of the main goals set for international institutions and even national authorities.

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