Philosophy Dictionary of Arguments

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Mause I 231
Interventions/Post-Keynesianism/Kalecki: KaleckiVsNew Political Economy/KaleckiVsBarro/KaleckiVsGordon: While the New Political Economy (Public Choice) (1) wants to link selective state intervention to institutional framework conditions in order to limit the scope for monetary policy, post-Keynesianism rather sees the danger that discretionary ((s) selective) monetary and fiscal policies remain too passive and therefore the output level for political reasons remains unnecessarily long below the production potential, combined with economic unemployment. (2)
John B. TalyorVsKalecki: See Taylor Rule/Taylor.


1. Barro, Robert J., und David B. Gordon, Rules, discretion and reputation in a model of monetary policy. Journal of Monetary Economics 12, (1), 1983. S. 101– 121.
2. Cf. Michal Kalecki, In Collected works of Michal Kalecki, Hrsg. Jerzy Osyatinski. Oxford 1973.


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Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution.
The note [Author1]Vs[Author2] or [Author]Vs[term] is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition.

EconKale I
Michal Kalecki
The political aspects of full employment Oxford 1973

Mause I
Karsten Mause
Christian Müller
Klaus Schubert,
Politik und Wirtschaft: Ein integratives Kompendium Wiesbaden 2018


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Ed. Martin Schulz, access date 2019-06-24
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