Cambridge Journal of Economics Advance Access published online on February 25, 2008
Cambridge Journal of Economics, doi:10.1093/cje/bem049
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Gender and the stability of consumption: a feminist contribution to post-Keynesian economics
* University of Nevada, Las Vegas
Address for correspondence: Women's Studies; University of Nevada, Las Vegas, 4505 Maryland Pkwy; Box 455055; Las Vegas, NV 89154-5055, USA; email: s.charusheela{at}unlv.edu
Alan Coddington critiques post-Keynesians for their use of fundamental uncertainty. He argues that fundamental uncertainty should also affect the consumption function, undermining the case for Keynesian macroeconomic policies. This paper shows how contemporary feminist theory provides post-Keynesians with a compelling response to Coddington. It uses the concept of gender as an effect of heteronormativity to integrate the household, the institution that undertakes consumption spending, into post-Keynesian economics. This gives us a more robust analysis of the sources of consumption stability in a world marked by the fundamental unknowability of the future.
Key Words: Post-Keynesian economics Fundamental uncertainty Consumption Gender Heteronormativity
JEL classifications: B59, E12, E21
Manuscript received February 6, 2006; final version received August 17, 2007.