Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/277166 
Year of Publication: 
2009
Citation: 
[Journal:] Intervention. European Journal of Economics and Economic Policies [ISSN:] 2195-3376 [Volume:] 06 [Issue:] 2 [Year:] 2009 [Pages:] 271-287
Publisher: 
Metropolis-Verlag, Marburg
Abstract: 
The paper is motivated by a desire to find common ground between mainstream and post-Keynesian approaches to fiscal policy. A post-Keynesian approach with origins in Kalecki offers a promising line of enquiry which is developed here. The paper identifies the principal differences between the Keynesian and Kaleckian approaches. The possibilities are explored of finding accommodation between the mainstream and Kaleckian approaches to the taxation of greenhouse gases. The macroeconomic implications of taxing greenhouse gases are identified. However, these may be thwarted by the emergence of 'political aspects of innovation', akin to Kalecki's 'political aspects of full employment'. A Kaleckian balanced budget approach allied to fiscal incentives to innovate offers some prospect of common ground with the mainstream.
Subjects: 
tax policy
innovation
greenhouse gases
post-Keynesian mainstream
JEL: 
H20
H22
H23
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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