Interpreting Keynes for the 21st Century: Volume 4: The by P. Davidson

By P. Davidson

The 4th quantity of Davidson's significant contributions to the economics and coverage debates of our occasions, this booklet comprises articles, newspaper columns and papers that specify why Keynes's common idea , as built through publish Keynesian theorists, presents vital coverage implications for the commercial difficulties of the twenty first century worldwide economic system.

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E. Sharpe, 1982. Mayer, M. "The Asian Disease: Plausible Diagnoses, Possible Remedies", Levy Institute Public Policy Brief, No. 44, 1998. Is a Plumber or a New Financial Architect Needed? 27 Samuelson, P. A. Foundations of Economic Analysis, Cambridge, Harvard University Press, 1947. Samuelson, P. A. "Classical and Neoclassical Theory" in Monetary Theory, edited by R. W. Clower. London, Penguin, 1969. Skidelsky, R. "Historical Reflects on Capital Movements", in Capital Regulation: For and Against, by R.

And Wyplosz, C. "The Case for Sand in the Wheels of International Finance", The Economic Journal, 105, 1995, pp. 162-72. Felix, D. "On Drawing Policy Lessons from Recent Latin American Currency Crises", Journal of Post Keynesian Economics, 20,1997-8, pp. 191-222 Fischer, S. "On the Need for an International Lender of Last Resort", paper presented at joint session of the American Economic Association and American Finance Association, January 1999. Friedman, M. "Markets to the Rescue", Wall Street Journal, October 12, 1998, p.

1 Competitive gains obtained by manipulating these nominal variables can only foster further global stagnation and recession as one's trading partners attempt to regain a competitive edge inducing similar depressionary policies in others. Unlike the classical theorists of his day (and our day as welF) Keynes recognized that lithe mercantilists were aware of the fallacy of cheapness and the danger that excessive competition may turn the terms of trade against a country" (p. 345) thereby reducing domestic living standards.

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