Arbeitspapier
A Post Keynesian theory of economic policy - filling a void
The traditional theory of economic policy of the Tinbergen-Theil-type has come under severe criticism: in the ontological setting of the New Classical Macroeconomics based on the Rational Expectations Hypothesis (REH), economic policy is ineffective or neutral with respect to real variables. In the ontological setting of Hayekian economics based on informational deficiencies, economic policy is without orientation and, therefore, more harm- than helpful. Therefore, both criticisms are united in their rejection of state interventions. In this paper, a Post Keynesian alternative will be presented which is situated between nomocratic abstinence and teleological controllability.
- Language
-
Englisch
- Bibliographic citation
-
Series: Arbeitspapiere für Staatswissenschaft ; No. 28
- Classification
-
Sozialwissenschaften, Soziologie, Anthropologie
- Subject
-
economic policy
Post Keynesianism
policy coordination
Wirtschaftspolitik
Neue klassische Makroökonomik
Rationale Erwartung
Österreichische Schule
Kritik
Postkeynesianismus
- Event
-
Geistige Schöpfung
- (who)
-
Heise, Arne
- Event
-
Veröffentlichung
- (who)
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Universität Hamburg, Department Wirtschaft und Politik
- (where)
-
Hamburg
- (when)
-
2008
- Handle
- Last update
-
10.03.2025, 11:45 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Heise, Arne
- Universität Hamburg, Department Wirtschaft und Politik
Time of origin
- 2008
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