The journal was founded in 1977 by the Cambridge Political Economy Society with the aim of publishing articles that followed the economic traditions established by Karl Marx, J. M. Keynes, Michał Kalecki, Joan Robinson, and Nicholas Kaldor.
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Much post-Keynesian research is published in the Journal of Post Keynesian Economics (founded by Sidney Weintraub and Paul Davidson), the Cambridge Journal of Economics, the Review of Political Economy and the Journal of Economic Issues (JEI).