Overview

This is a book with many benefits.  Davidson explains the importance of the market economy, and unveils how and why global financial crises occur when the liquidity of financial assets traded in the market, suddenly collapse. 70 years after Keynes’ death, in another era of financial crisis and economic slump, Keynes’ ideas have made a comeback within economic circles. Yet these ideas are not represented in contemporary government policy decisions. This book explains why Keynes’ ideas need to be used by political parties in order to restore global prosperity and close the gap between income and wealth inequality. This book will is essential reading for researchers, practitioners, students and the wider public interested in an economic understanding of today's global economic problems.

Full Product Details

9783319645032

Table of Contents

Reviews

A mysterious Iraqi who goes by the name of 'Salam Pax' and who writes a blog (Internet diary) from Baghdad is becoming a celebrity, on the Internet, with his firsthand stories of a city under siege...the traffic on the site has become so intense that it has blocked the server, while his e-mail has gone on the blink due to the vast number of messages from people who are asking him to prove his true identity.

Paul Davidson, in his ninth decade, has produced a crisp and clear exegesis of essential Keynesian ideas and the critical failures of so-called mainstream economic thought. ... it is a good thing that Paul Davidson continues to remind us of how far from sanity and civilization we have drifted, in the decades since the death of Keynes. (James K. Galbraith, Institute for New Economic Thinking, ineteconomics.org, August 30, 2019)

Author Information

Professor Paul Davidson is Holly Chair of Excellence in Political Economy, Emeritus, at the University of Tennessee, US. He founded the Journal of Post Keynesian Economics and. He is also author, co-author, or editor of 22 books including John Maynard Keynes (Palgrave Macmillan, 2007) and The Keynes Solution: The Path to Global Economic Prosperity (Palgrave Macmillan, 2009), as well as over 210 articles. He has testified before 20 congressional committees over the years on various economic questions.  

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