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Die Wirtschaft in der Krise – Wie weit sollte der Staat eingreifen?

Author

Listed:
  • Starbatty Joachim

    (Aktionsgemeinschaft Soziale Marktwirtschaft, Mohlsr. 26, 72074 Tubingen)

  • Horn Karen

    (Institut der Deutschen Wirtschaft Koln, Leiterin Hauptstadtburo Berlin, Wallstrase 15/15a, 10179 Berlin)

  • Horn Gustav A.

    (Instituts fur Makrookonomie und Konjunkturforschung (IMK) in der Hans-Bockler-Stiftung, Hans-Bockler-Strase, 3940476 Dusseldorf)

Abstract

From Joachim Starbatty’s point of view the answer of many politicians to today’s economic crisis is deficit spending and protectionism. He declares that these are typical keynesian tools - which are - even in Keynes’ theory - only suitable in special circumstances and argues that the actual economic crisis is no Keynesian crisis. The actual lack of demand was predominantly caused by a problematic US monetary policy, not by a lack of marginal efficiency of capital. Keynesian tools cannot solve the crisis and risk to even worsen the situation in different ways.

Suggested Citation

  • Starbatty Joachim & Horn Karen & Horn Gustav A., 2009. "Die Wirtschaft in der Krise – Wie weit sollte der Staat eingreifen?," Zeitschrift für Wirtschaftspolitik, De Gruyter, vol. 58(2), pages 189-221, August.
    • Handle: RePEc:lus:zwipol:v:58:y:2009:i:2:p:189-221
    DOI: 10.1515/zfwp-2009-0204
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