The Paradox of Green Keynesianism

The Paradox of Green Keynesianism

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The main Green response to the economic crisis has been Green Keynesianism, as exemplified by various proposals for a Green New Deal. In this provocative report Molly Scott Cato explores the paradoxes inherent in a Keynesian approach, and reminds us that Keynes' own commitment to the 'money-motive' was highly qualified. In particular she suggests four alternative practical policy approaches, which draw on Keynesianism but within a genuinely sustainable framework.