Epilogue

In 2016, there remains a significant Post Keynesian presence in Cambridge, although it is an embattled minority rather than a potentially hegemonic force and has little or no remaining influence in the Faculty of Economics. In institutional terms, it is well represented in the Political Economy Society, the publisher since 1977 of the Cambridge JournalofEconomics, an ecumenical heterodox journal in which Post Keynesian contributions are often found. The Department of Land Economy also provides a hospitable, multidisciplinary environment for prominent Post Keynesians like Philip Arestis and John McCombie (Hein and Lavoie 2015); Arestis organises the St Catharine’s Political Economy Seminar that meets on most Wednesday evenings in term time. The national Post Keynesian Study Group is used as a clearing house for notifications of other meetings, publications and resources, and there seems to be no vestige of the former Cambridge exclusiveness (see https://www.postkeynesian.net/).

The Cambridge Journal publishes work by feminists, institutionalists, Marxians and radical development theorists, many of whom also have Post Keynesian sympathies. All schools of heterodox economics have come under increased pressure in recent years, in Cambridge and elsewhere, from an increasingly monolithic and intolerant mainstream, bolstered by the British government’s Research Assessment Exercises that have systematically devalued the work of non-mainstream scholars (Lee 2009: Chapter 9). Thus, the future of Post Keynesian economics in Cambridge is uncertain, as are the prospects of the completion of Pasinetti’s unfinished revolution.