Incorporating Gender in Keynes’s Theory of Monetary Production: An Institutionalist Perspective (2005)
18 Pages Posted: 1 Feb 2022
Date Written: August 29, 2005
This is an early attempt to offer an Institutionalist Feminist Post Keynesian approach to economics (2005). The paper refers to previous writings in this direction, and offers additional theoretical paths. It connects Keynes’s and Post Keynesian critiques of real-monetary dualism and money as a veil to an understanding of the Veblenian dichotomy of making money vs. making goods, and to feminist critiques of dualistic formulations of markets. The paper discusses how “thriftiness” is not gender-neutral within the theory of investment critiqued by Keynes, as it assumes unpaid work. It also discusses how liquidity preference and the role of money are directly connected to unpaid reproductive work. Finally, the paper argues that those considerations improve the Post Keynesian theory of the State and discussions of this in light of Keynes’s 'socialization of investment'. This was a paper presented at the Association of Institutional Thought in April 2005.
Keywords: Feminist economics, institutional economics, post Keynesian Economics, Keynes, reproduction, social
JEL Classification: B5, B54
Suggested Citation: Suggested Citation