Tax policy and innovation: A search for common ground

Jerry Courvisanos, Anthony J. Laramie and Douglas Mair
Additional contact information
Jerry Courvisanos: University of Ballarat, Australia
Anthony J. Laramie: Merrimack College, USA
Douglas Mair: Heriot-Watt University, UK

European Journal of Economics and Economic Policies: Intervention, 2009, vol. 6, issue 2, 271-287

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.

Keywords: tax policy; innovation; greenhouse gases; post-Keynesian mainstream (search for similar items in EconPapers)
JEL-codes: H20 H22 H23 (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:elg:ejeepi:v:6:y:2009:i:2:p:271-287

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