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Uncertainty and the Economy of Exclusion: Insights from Post‐Keynesian Institutionalism

American Journal of Economics and Sociology

Published online on

Abstract

--- - |2 Abstract Critics of Pope Francis’s Evangelii gaudium argue that recent economic growth and reductions in inequality are evidence that his notion of the “economy of exclusion” is misguided. However, Francis alludes to another type of exclusion—increased uncertainty generated by technological change that affects citizens even in developed nations. Drawing from Post‐Keynesian institutionalist theory, this article argues that this condition is common in capitalism, and that grassroots reforms are needed to ensure shared prosperity. - 'American Journal of Economics and Sociology, Volume 78, Issue 4, Page 955-972, September 2019. '