Post Keynesian Theory and Policy

The late Paul Davidson, formerly Holly Chair of Excellence Emeritus, University of Tennessee, US and Founding Editor of the Journal of Post Keynesian Economics

• Contents: 1. Did Anyone Notice the Global Financial Crisis of 2007-2008? 2. Alternative Theories of the Operation of a Capitalist Economy 3. Unemployment and the Classical Theory’s Axioms 4. Keynes–Post Keynesian Theory: Money and Money Contracts 5. Why Traditional Mainstream Keynesian Theory is not Keynes’s Theory 6. Creating Full Employment Policies 7. Inflation Policy 8. Securitization Liquidity and Market Failure 9. Globalization, International Trade and International Payments 10. Is International Free Trade Always Beneficial? 11. Policies to Assure a Civilized Capitalist Economic System Index

'If you've been wondering what Post Keynesian economics is all about, or if you've been searching for a better explanation of what went wrong in the 2000s, Paul Davidson's latest book is the place to look. Davidson is a thought leader in the field, writes lucidly, and refuses to accept the conventional wisdom as wise.'--Alan S. Blinder, Princeton University, US'If you've been wondering what Post Keynesian economics is all about, or if you ve been searching for a better explanation of what went wrong in the 2000s, Paul Davidson's latest book is the place to look. Davidson is a thought leader in the field, writes lucidly, and refuses to accept the conventional wisdom as wise.' --Alan S. Blinder, Princeton University'There has been much written about the global financial crisis that began in 2007 but little as succinct and wise as this book by Paul Davidson. A clear analysis of what went wrong, its real strength is in explaining what can be done to put matters right.' --Larry Elliott, Economics Editor, The Guardian