ABSTRACT

The purpose of this chapter is to ascertain the economic policies implied by the post-Keynesian paradigm and also to examine the extent to which these policies can be said to have been applied or have the potential to be applied in real economies. We begin with a brief review of the theoretical premises of the post-Keynesian model that underpins our discussion of economic policies. This is taken on board in the next section. The economic policies themselves are discussed in the following section, which concludes that both demand management policies and supply-side policies are necessary. This leads us neatly to the question of whether the policies identified as post-Keynesian for the purposes of this paper have been adopted as part of the economic policy "menu" of any country in the world. We argue that Sweden must be a candidate in view of the "Wage Earners' Funds" scheme adopted in that country. The final section summarizes and concludes the argument.