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Post Keynesian Macroeconomic Theory, Second Edition - A Foundation for Successful Economic Policies for the Twenty-First Century (Hardcover, 2nd edition)
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Post Keynesian Macroeconomic Theory, Second Edition - A Foundation for Successful Economic Policies for the Twenty-First Century (Hardcover, 2nd edition)
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In this updated and revised edition of Post Keynesian Macroeconomic
Theory, Paul Davidson explains how and why contemporary
macroeconomic textbooks fail to incorporate Keynes's liquidity and
financial analysis framework to explain the importance of money and
financial markets in the real world of experience. This important
text develops Keynes's analytical framework for both closed and
open economies and provides policy guidance for the global economy
of the twenty-first century. In particular, it deals with problems
such as inflation, financial contagion, global unemployment,
outsourcing, trade patterns, and developing an international
financial system that encourages expansionary growth among all
trading partners while avoiding sovereign debt problems. Using this
textbook in macroeconomics courses will provide students with a
pragmatic insight that will be both useful and productive.
Contents: 1. The Background for Keynes's Revolution 2. The
Essential Difference between the General Theory and the Classical
System 3. Taxonomy, Axioms and Expenditures Related to Income:
Keynes's D1 Category 4. Investment Spending 5. Government and the
Level of Output 6. Delving Further into the Relationship between
Money, Liquidity and Uncertainty 7. Liquidity Preference the Basis
of Keynes's Revolution 8. The Finance Motive and the
Interdependence of the Real and Monetary Sectors 9. Financial
Markets, Fast Exits and Great Depressions and Recessions 10.
Inflation: Causes and Cures 11. Keynes's Aggregate Supply and
Demand Analysis 12. The Demand and Supply of Labour 13. Money in an
International Setting 14. Trade Imbalances and International
Payments 15. International Liquidity and Exchange Rate Stability
16. Financing the Wealth of Nations 17. Export-led Growth and a
Proposal for an International Payments Scheme 18. Epilogue: Truth
in Labelling and Economic Textbooks Index
General
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