Post-Keynesian Economics Society
Report of the Trustees for the year ended 31 August 2023
In 2023, the Society formally became a Charitable Incorporated Organisation (CIO), building upon its legacy as the Post Keynesian Study Group (PKSG), founded in 1988.
Membership in the Society is open to all individuals with an interest in Post-Keynesian economics, regardless of location. Members are entitled to participate in Society activities, submit working papers, post to the mailing list, and access the Review of Keynesian Economics (ROKE) online.
Objectives and activities
Charitable Objective
The objective of The Post-Keynesian Economics Society (PKES) as set out in its governing document are:
“To advance the education of the public in general (and particularly amongst social scientists) on the subject of economics (and particularly Post-Keynesian economics) and to promote research for the public benefit in all aspects of that subject and to publish the useful results.”
While the majority of physical events take place in the UK, the Society’s digital activities—such as the mailing list and Working Paper Series—extend its reach globally and play a vital role in strengthening international Post-Keynesian networks. This helps ensure that the CIO’s educational and research-based mission benefits a wide and diverse public.
Aims and Activities for the Public Benefit
The PKES is a scholarly organisation committed to advancing the study, development, and dissemination of Post-Keynesian economics. In fulfilling its charitable aims, the Society has had due regard to the Charity Commission’s guidance on public benefit. Its core mission is to:
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Promote research in Post-Keynesian economics by providing platforms and resources for academic exchange and development.
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Advance public education on the Post-Keynesian approach to economics, particularly among young scholars, students, and early-career researchers.
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Foster informed discussion about economic policy implications arising from PostKeynesian insights, including engagement with policymakers and the wider public.
Post-Keynesian economics offers a distinctive and policy-relevant approach to understanding the economy. It focuses on real-world complexity, historical time, uncertainty, institutions, income distribution, and effective demand. PKES promotes this pluralistic and applied economic perspective as a counterbalance to dominant theoretical frameworks.
PKES also seeks to harness the usefulness of Post-Keynesian analysis for broader social purposes—such as enhancing public understanding of economic issues, contributing to sound and equitable policy debates, and fostering theoretical pluralism and real-world orientation in economics education.
Main Activities
To fulfil these objectives, PKES carries out a wide range of educational and research-supporting activities. Most of the activities are publicly announced and documented on the organisation's website: https://www.postkeynesian.net/ .
Core activities of the PKES include:
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Providing platforms for academic exchange and public engagement, including:
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An Annual Workshop, at which current and recent academic work is presented and discussed. Speakers are invited by the Committee, attendance is open to all, free of charge.
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Webinars, including collaborative events with international partner organisations
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Thematic panels at conferences hosted by allied academic societies
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A Working Paper Series and Mailing List, both of which support the dissemination of research and information to a broad, international audience
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A Reading List, a curated resource introducing students and researchers to key themes in Post-Keynesian economics, including theoretical foundations, methodological approaches, and applied topics
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Supporting the development of early-career scholars, through:
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An annual PhD Student Conference
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A multi-day Introductory Summer School on Post-Keynesian Economics and Political Economy
These activities are designed to promote intellectual development, community-building, and public benefit, both within the UK and internationally.
Achievements and performance
During the reporting year, PKES successfully delivered a number of key activities aligned with its charitable purposes.
Events and Research Dissemination
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PKES Annual Workshop: Held on 13 June 2024 at SOAS, University of London, this event featured nine presenters and attracted around 50 attendees. It provided a platform for researchers to present current research and exchange feedback in an open and engaged setting.
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Workshop in honour of Professor Victoria Chick. Held on 2 May 2024 at SOAS, University of London. Professor Chick was one of the two founders of PKSG, the precursor organisation to PKES. Professor Chick dies in January 2023. A workshop was held to commemorate her work. Nine academics gave presentations to a well-attended workshop.
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Thematic Panels: PKES contributed to academic pluralism by organising thematic panels at conferences hosted by allied societies such as the Association for Heterodox
Economics, supporting visibility and engagement of Post-Keynesian research within broader academic networks.
- Working Paper Series and Mailing List: Around 20 new working papers were added to the PKES Working Paper Series, and the mailing list continued to function as a vibrant forum for sharing calls for papers, job opportunities, and event announcements, contributing to a dynamic global Post-Keynesian community.
Support for Young Scholars
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PhD Student Conference: Held on 24 May 2024 at the University of Greenwich, this event included presentations by 11 PhD students, each paired with a senior academic discussant. The event fostered an environment of constructive feedback and mentorship, reinforcing PKES’s commitment to nurturing future researchers.
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Introductory Summer School: The 2025 Summer School took place from 19-24 June at the University of Greenwich, and included sessions led by nine scholars on topics such as the foundations of Post-Keynesian economics, fiscal policy, income and wealth inequality, and economic development. Feedback from participants indicated that the programme was intellectually stimulating and supportive of early-career development.
Structure, governance and management
PKES is a Charitable Incorporated Organisation (CIO), registered with the Charity Commission for England and Wales (Charity number: 1205314). It is governed by a written constitution, adopted upon incorporation in 2023.
The governance and strategic direction of PKES is the responsibility of the charity trustees, who collectively form the formal governing body of the organisation under charity law. The trustees are responsible for managing the affairs of the CIO and are empowered to exercise all of its powers in furtherance of its charitable objectives. Trustees are required to carry out their duties in good faith, using such care and skill as is reasonable, and with regard to any specialist knowledge they hold.
Trustee Appointment and Terms
All charity trustees must be natural persons aged 18 or over. The constitution requires a
minimum of three trustees and allows for a maximum of twelve. The first trustees of the CIO are
the elected members of the PKES Committee, which has served as the de facto governing body of the Society. These initial trustees were appointed for two-year terms.
Subsequent trustees are appointed by resolution at a properly convened meeting of the charity trustees and normally serve three-year terms. Retiring trustees are eligible for reappointment. In making appointments, the board considers the skills, knowledge and experience required for the effective administration of PKES. New trustees receive a copy of the current constitution and the latest Trustees’ Annual Report and financial statements upon appointment.
The PKES Committee
The PKES Committee plays a central operational and advisory role within the organisation. It currently consists of a Chair, Secretary, six other elected members, and up to four co-opted members. Elected Committee members currently also serve as the charity’s trustees, and are responsible for delivering the charity’s activities in line with its objectives.
Each committee member takes on specific responsibilities, such as:
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Organising the Annual Workshop
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Coordinating the PhD Student Conference
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Delivering the Summer School
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Hosting Webinars and other events
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Managing the Working Paper Series
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Maintaining the PKES Reading List
The Committee meets approximately once per quarter, either online or in person. At least one meeting per year takes place in person. Decisions are taken by consensus where possible or by majority vote when necessary. All significant decisions affecting the CIO are made by or with the agreement of the trustees, in accordance with the constitution.
Meetings and Decision-Making
Trustees may call meetings as required, and these may be held either in person or via suitable electronic means. The quorum for trustee meetings is two trustees or one-third of the total number of serving trustees, whichever is greater.
Resolutions may be passed at meetings or agreed in writing (including electronically) by a majority of trustees. In the event of a tie, the chair of the meeting has a casting vote.
Delegation
The trustees may delegate specific functions to committees or individuals, provided that at least one trustee is involved in any such group. All delegated actions must be reported back to the trustees in a timely manner, and delegation arrangements are reviewed periodically to ensure they remain fit for purpose.
Associate Membership
PKES is a membership-based scholarly society that welcomes individuals who are engaged in or have completed academic work in the field of economics. Associate membership (hereafter ‘membership’ or ‘members’) is open to any published scholar or student affiliated with a university or other relevant institution, or to those who hold a research degree in economics. While membership is not required to attend events or receive email from the PKES mailing list, it provides additional benefits and helps support the Society’s activities.
The benefits of membership include:
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Free online access to all issues of the Review of Keynesian Economics (ROKE).
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The right to submit papers to the PKES Working Paper Series, which are made available open-access and indexed on EconPapers.
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The opportunity to post announcements of academic relevance to the Society’s JISCMail mailing list.
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Inclusion in the online directory of PKES members, where individuals may upload a photograph, biography, and links to publications.
The annual membership fee is £25, reduced to £10 for students or retired members.
Subscriptions are adjusted pro rata (with a 20% reduction per elapsed quarter) for those joining part-way through the year.
Membership subscriptions provide a modest but important source of income to PKES, supporting its charitable mission of advancing education and research in Post-Keynesian economics. Membership income contributes to the Society’s capacity to deliver educational and research activities, including its summer school, PhD conference, and working paper series.
Associate Membership trends in 2025
In 2025, PKES maintained a stable and engaged membership base. As of the end of the reporting period, the Society had around 400 formal members, including around 200 student members, reflecting continued interest among early-career researchers in the Post-Keynesian tradition. Membership remained international in character, with scholars based across Europe, North and South America, Asia, and Africa. In addition to formal members, the Society's announcement mailing list included over 800 subscribers, providing a wide reach for research dissemination and announcements.
Reference and administrative details
Charity Name
Post Keynesian Economics Society
Charity Registration Number
1205314
Address:
Flat E, Chester House 25 Wickham Road London SE4 1PL
Board of Trustees
Dr Jo Michell Dr Alexander Guschanski Dr Maria Nikolaidi Dr Annina Kaltenbrunner Dr Ewa Karwowski Dr Karsten Kohler Dr Yannis Dafermos Dr Christina Wolf
Financial review
Receipts: In the period 19 October 2023 to 31 August 2024, PKES had total income of £1,460 of which £553 came from subscription income and £908 from the sale of books that had belonged to Professor Victoria Chick. The sale of these books was organised by Dr Geoff Tily, and proceeds were donated to PKES. Subscription income was low during this period because PKES moved it’s subscription payment request date from January to September, so the payment request date did not fall in the accounting period. This will not be the case in future periods.
Payments: PKES had total expenditure of £5,120 during the accounting period. Almost half was accounted for by a workshop in honour of Victorua Chick at SOAS, University of London. The remaining expenditure covered the costs of running PKES’ main events – the annual workshop, PhD conference and summer school – as well as the costs of maintaining the website.
Cash funds: At the end of the period, PKES had cash reserves of £14,926. PKES aims to hold reserves of a minimum of around £5,000, enough to cover around two years of or core activities. During the pandemic, when in-person activities were not possible, PKES accumulated additional cash reserves. PKES core subscription income of around £2,500 per year remains fairly stable (although most is not included in this year’s accounts as noted above).
Besides these cash funds, PKES did not hold any other financial assets during or at the end of the reporting period.
Exemptions from disclosure
PKES trustees do not require any exemptions from disclosure.
Funds held as custodian trustee on behalf of others
PKES does not hold any funds as custodian trustee on behalf of others.
Plans for future periods
In the coming year, PKES plans to strengthen and expand its activities in line with its charitable objectives, with a particular emphasis on inclusivity, accessibility, and academic engagement. Key initiatives for 2023-24 and future periods include:
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PhD Scholarships for students from the Global South: PKES intends to launch a new scholarship programme to support students from the Global South who wish to pursue doctoral research related to Post-Keynesian economics in the UK. This initiative seeks to diversify the academic pipeline, foster global dialogue in the discipline, and support research on development-oriented and context-sensitive economic issues.
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Creation of a Code of Conduct on Diversity and Inclusion: To reinforce its commitment to creating a welcoming and respectful academic environment, PKES has been developing a formal Code of Conduct on Diversity and Inclusion. This will outline principles and expectations for respectful engagement across all Society activities and platforms, and provide clear guidance on promoting diversity, equity, and inclusion among members and participants.
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Revision of Mailing List Policy: PKES is in the process of reviewing and revising the current moderation policy for its members’ mailing list. The aim is to ensure a more transparent, fair, and accountable moderation process, which encourages constructive communication and curbs inappropriate content.
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Support for Early-Career Scholars: PKES will continue to invest in activities aimed at earlycareer researchers, including the annual Summer School and PhD Student Conference. These will be evaluated and, where appropriate, expanded to meet growing interest and to better support the next generation of Post-Keynesian economists.
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Deepening International Collaboration: The Society intends to strengthen ties with international partners through joint webinars, collaborative research projects, and academic exchanges.
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Further Development of Online Resources: PKES will continue to expand its open-access resources, including its Working Paper Series and curated reading list, to enhance global access to Post-Keynesian research and teaching materials.
These plans reflect PKES’s core values of intellectual pluralism, critical engagement with realworld economic issues, and the promotion of inclusive and accessible academic spaces.
| Post-Keynesian Economics Society | Post-Keynesian Economics Society | Post-Keynesian Economics Society | Post-Keynesian Economics Society | Post-Keynesian Economics Society | No (if any) | No (if any) | No (if any) | CC16a | |
|---|---|---|---|---|---|---|---|---|---|
| For the period from |
Period start date 19-Oct-23 |
To | Period end date 31-Aug-24 |
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| Section A Receipts and payments | |||||||||
| A1 Receipts | Unrestricted funds to the nearest £ |
Restricted funds to the nearest £ |
Endowment funds to the nearest £ |
Total funds to the nearest £ |
Last year to the nearest £ |
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| Subscription income | 553 - 908- - -- - -- - -- - -- - -- - -- |
- -- |
- -- |
- 553- |
- 3,365- |
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| Book sale | - 908- |
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- 908- |
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| - -- |
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| Sub total(Gross income for AR) | - 1,461- |
- -- |
- -- |
- 1,461- |
- 3,365- |
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| A2 Asset and investment sales, (see table). |
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| - -- |
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| Sub total Total receipts A3 Payments |
- -- |
- -- |
- -- |
- -- |
- -- |
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| - 1,461- |
- -- |
- -- |
- 1,461- |
- 3,365- |
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| Annual general meeting | - 516- |
- -- |
- -- |
- 516- |
- -- |
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| Event in honour of Vicky Chick | - 2,386- |
- -- |
- -- |
- 2,386- |
- -- |
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| Annual workshop (SOAS) | - 936- |
- -- |
- -- |
- 936- |
- 986- |
| A2 Asset and investment sales, (see | ||||||||||||||||||||||
| table). | ||||||||||||||||||||||
| - | -- | - | -- | - | -- | |||||||||||||||||
| - | -- | - | -- | - | -- | - | -- | - | -- | |||||||||||||
| Sub total | - | -- | - | -- | - | -- | - | -- | - | -- | ||||||||||||
| **Total receipts ** | - | 1,461- | - | -- | - | -- | - | 1,461- | - | 3,365- | ||||||||||||
| A3 Payments | ||||||||||||||||||||||
| Annual general meeting | - | 516- | - | -- | - | -- | - | 516- | - | -- | ||||||||||||
| Event in honour of Vicky Chick | - | 2,386- | - | -- | - | -- | - | 2,386- | - | -- | ||||||||||||
| Annual workshop (SOAS) | - | 936- | - | -- | - | -- | - | 936- | - | 986- |
CCXX R1 accounts (SS)
6/30/2025
1
| PhD publication workshop | - | 714- | - | -- | - | -- | - | 714- | - | 220- | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Website | - | 468- | - | -- | - | -- | - | 468- | - | 672- | |||||||||||
| Consultation fee | - | 100- | - | -- | - | -- | - | 100- | - | -- | |||||||||||
| - | -- | - | -- | - | -- | - | -- | - | -- | ||||||||||||
| - | -- | - | -- | - | -- | - | -- | - | -- | ||||||||||||
| - | -- | - | -- | - | -- | - | -- | - | -- | ||||||||||||
| **Sub total ** | - | 5,120- | - | -- | - | -- | - | 5,120- | - | 1,878- |
| A4 Asset and investment | ||||||||||||||||||||
| purchases, (see table) | ||||||||||||||||||||
| - | -- | - | -- | - | -- | - | -- | |||||||||||||
| - | -- | - | -- | - | -- | - | -- | |||||||||||||
| **Sub total ** | - | -- | - | -- | - | -- | - | -- | ||||||||||||
| **Total payments ** | - | 5,120- | - | -- | - | -- | - | 5,120- | - | 1,878- | ||||||||||
| **Net of receipts/(payments) ** | - | 3,659- | - | -- | - | -- | - | 3,659- | - | 1,488- | ||||||||||
| A5 Transfers between funds | - | -- | - | -- | - | -- | - | -- | - | -- | ||||||||||
| A6 Cash funds last year end | - | 18,585- | - | -- | - | -- | - | 18,585- | - | 17,097- | ||||||||||
| **Cash funds this year end ** | - | 14,926- | - | -- | - | -- | - | 14,926- | - | 18,585- | ||||||||||
Section B Statement of assets and liabilities at the end of the period
| Unrestricted | Restricted funds | Restricted funds | Endowment | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Categories | Details | funds | funds | ||||||||||||
| to nearest £ | to nearest £ | to nearest £ | |||||||||||||
| B1 | Cash funds | Bank deposits and funds in Paypal account | - | 14,926- | - | -- | - | -- | |||||||
| - | -- | - | -- | - | -- | ||||||||||
| - | -- | - | -- | - | -- | ||||||||||
| Total cash funds | - | 14,926- | - | -- | - | -- | |||||||||
| (agree balances with receipts and payments account (s)) |
OK | OK | OK |
CCXX R2 accounts (SS)
6/30/2025
2
| B2 Other monetary assets B3 Investment assets B4 Assets retained for the charity’s own use |
Details | Unrestricted funds to nearest £ |
Restricted funds to nearest £ |
Endowment funds to nearest £ |
|---|---|---|---|---|
| - -- |
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| - -- |
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| Current value (optional) |
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| - -- |
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| Current value (optional) |
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| - -- |
CCXX R3 accounts (SS)
6/30/2025
3
B5 Liabilities
Signed by one or two trustees on behalf of all the trustees
| - | -- | - | -- | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Fund to which | Amount due | When due | |||||||
| Details | liability relates | (optional) | (optional) | ||||||
| - | -- | ||||||||
| - | -- | ||||||||
| - | -- | ||||||||
| - | -- | ||||||||
| - | -- | ||||||||
| Signature | Name | Date of approval | |||||||
| Ewa Karwowski | Ewa Karwowski | 26 June | 2025 | ||||||
| Jo Michell | Jo Michell | ||||||||
| 26 June 2025 |
CCXX R4 accounts (SS)
6/30/2025
4