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dc.contributor.authorHeise, Arneen_US
dc.description.abstractThe 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.en_US
dc.publisherUniv., Dep. Wirtschaft und Politik Hamburgen_US
dc.relation.ispartofseriesArbeitspapiere für Staatswissenschaft 28en_US
dc.subject.keywordeconomic policyen_US
dc.subject.keywordPost Keynesianismen_US
dc.subject.keywordpolicy coordinationen_US
dc.subject.stwNeue klassische Makroökonomiken_US
dc.subject.stwRationale Erwartungen_US
dc.subject.stwÖsterreichische Schuleen_US
dc.titleA Post Keynesian theory of economic policy - filling a voiden_US
dc.typeWorking Paperen_US
Appears in Collections:Arbeitspapiere für Staatswissenschaften - Working Papers on Economic Governance, FB Sozialökonomie der Universität Hamburg

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