PKSG was founded in 1988 by Philip Arestis and Victoria Chick with the support of the UK Economic and Social Research Council (ESRC). The purpose of the Study Group is to encourage collaboration among scholars and students of post-Keynesian economics, defined broadly as a theoretical approach that draws upon the work of Keynes, Kalecki, Joan Robinson, Kaldor, Kahn and Sraffa. This approach is distinguished by the central role of the principle of effective demand (that demand matters in the long run) and an insistence that history, social structure and institutional practice be embodied in its theory and reflected in its policy recommendations. These aims broadly correspond to those of Cambridge Journal of Economics, Journal of Post Keynesian Economics, Review of Keynesian Economics, Review of Political Economy and European Journal of Economics and Economic Policies: Intervention.
PKSG produced a newsletter for three years from 1995-97 (issues 1-4 with an historical introduction by Fred Lee, issues 5-7), which included a wide variety of news, discussion, review articles and abstracts of papers and conferences.
A review of the first 20 years of PKSG was published in EJEEP as Hayes (2008). The listings of speakers and papers given at PKSG meetings from 1994-2006, referred to in that paper, are available as Table 1 and Table 2.