An alternative to labour-market orthodoxy: the post-Keynesian/institutionalist policy view

Abstract

Following a tradition originally established by E. Applebaum and A.S. Eichner, this article attempts to sketch an outline of the post-Keynesian/institutionalist theory of the ‘labour market’ as well as to analyse the radical policy perspective that emerges from this approach. This heterodox analytical framework is then used to assess two well-known labour-market policy proposals that have been much discussed in recent years.

^∗Associate Professor, Department of Economics, University of ottawa, Ottawa, Ontario, Canada KIN 6N5. The author would like to thank M. lacobacci, S.H. Ingerman, M. Lavoie, M. Saint-Germain, I.M. Spry and two anonymous referees for their helpful comments. Responsibility for remaining errors and omissions is to be borne solely by the author.

^∗Associate Professor, Department of Economics, University of ottawa, Ottawa, Ontario, Canada KIN 6N5. The author would like to thank M. lacobacci, S.H. Ingerman, M. Lavoie, M. Saint-Germain, I.M. Spry and two anonymous referees for their helpful comments. Responsibility for remaining errors and omissions is to be borne solely by the author.

Notes

^∗Associate Professor, Department of Economics, University of ottawa, Ottawa, Ontario, Canada KIN 6N5. The author would like to thank M. lacobacci, S.H. Ingerman, M. Lavoie, M. Saint-Germain, I.M. Spry and two anonymous referees for their helpful comments. Responsibility for remaining errors and omissions is to be borne solely by the author.