By Glenn Stehle
In the comments section to my last post Thomas Bergbusch supplied a link to an outstanding series of posts published by a heterodox Canadian blog, The Progressive Economics Forum. It deals with “A Staple Theory of Economic Growth.” The theory was originally articulated by Mel Watkins in 1963.
Amongst the many important questions the series raises are two which for me stand out:
1) Is a low carbon future necessary?
2) If so, is there an antinomy between a low carbon future and Keynesian theory?