By Paul Davidson
The booklet includes Paul Davidson's significant contributions to the economics and coverage debates of our instances. the connection among uncertainty, fiscal concept, foreign monetary markets and worldwide unemployment is analysed all through. Davidson indicates new strategies for the foremost difficulties of the twenty-first century, together with risky monetary markets in Asia and past, hard orthodox responses. the diversities among the Old-, New-, and Post-Keynesians all vying for Keynes's mantle, are explored.
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Additional resources for Uncertainty, International Money, Employment and Theory: Volume 3: The Collected Writings of Paul Davidson
Example text
Davidson, P. (1984), 'Reviving Keynes's Revolution', Journal of Post Keynesian Economics, 6. Davidson, G. and Davidson, P. (1988), Economics for a Civilized Society (New York: Norton); revised edition, Macmillan, London, 1996. Davidson, P. ', Journal of Economic Perspectives, 5, pp. 129-143. Davidson, P. (1992-93), 'Reforming the World's Money', Journal of Post Keynesian Economics, 15. Davidson, P. (1994), Post Keynesian Macroeconomic Theory (Vermont: Elgar). Friedman, M. (1974), 'Comments on the Critics' in Milton Friedman's Monetary Framework: A Debate With His Critics, by R.
378), and, in an open system, the development of an international payments system that shifts the burden of adjustment for current account imbalances from the deficit to the surplus trading nation(s) (see Keynes, 1980a, p. 176; Davidson 1992-3, 1994). This is not the place to discuss whether these aggregate demand influencing institutions should be tilted towards consumption, or private and public investment, or exports. 22 Uncertainty and Probability Much depends on the societal values of the community (see Davidson and Davidson, 1988, 1996).
1988), Economics for a Civilized Society (New York: Norton); revised edition, Macmillan, London, 1996. Davidson, P. ', Journal of Economic Perspectives, 5, pp. 129-143. Davidson, P. (1992-93), 'Reforming the World's Money', Journal of Post Keynesian Economics, 15. Davidson, P. (1994), Post Keynesian Macroeconomic Theory (Vermont: Elgar). Friedman, M. (1974), 'Comments on the Critics' in Milton Friedman's Monetary Framework: A Debate With His Critics, by R. J. ) (Chicago: University of Chicago Press).