The 4th volume of Davidson's major contributions to the economics and policy debates of our times, this book contains articles, newspaper columns and papers that explain why Keynes's General Theory , as developed by Post Keynesian theorists, provides important policy implications for the economic problems of the 21st century global economy.

Autorentext
PAUL DAVIDSON is Visiting Scholar at the New School for Social Research, Bernard Schwartz Center For Economic Policy Analysis, USA. He has previously held Professorships at the University of Pennsylvania, Rutgers University and the University of Tennessee. He is Editor of the Journal of Post Keynesian Economics, a former member of Brookings Economics Panel, and is the author, co-author or editor of twenty-two books and more than 200 articles. His books include Money and the Real World, Post Keynesian Macroeconomic Theory, International Money and the Real World: Economics for a Civilized Society, and Financial Markets, Money and the Real World.

Inhalt
PART I: INTERNATIONAL ECONOMICS Is a Plumber or a New Financial Architect Needed to End Global International Liquidity Problems? Capital Movements, Tobin Tax and Permanent Fire Prevention: A Reponse to DeAngelis Globalization The Future of the International Financial System The Declining Dollar, Global Economic Growth, and Macro Stability Is Fixed Exchange Rates the Problem and Flexible Exchange Rates the Cure? PART II: ECONOMICS FOR LESS DEVELOPED COUNTRIES A Post Keynesian View of the Washington Consensus and How to Improve It Liquidity vs. Efficiency in Liberalized International Financial Markets: A Warning to Developing Economies LDCs, Institutions and Money: A Response to Danby Dollarization, The Functions of a Central Bank and the Ecuadorean Economy PART III: NEWSPAPER COLUMNS The Dangers of Debt Reduction We Should End Market Liquidity? Last Resort for IMF Keynes and the Bear Necessities Debtor Nations Need a Financial System that Allows them to Work their Way to Prosperity PART IV: KEYNES/POST KEYNESIAN THEORY AND POLICY There are Major Differences between Kalecki's Theory of Employment and Keynes's General Theory of Employment, Interest and Money Is 'Mathematical Science' an Oxymoron when used to Describe Economics? Paul Samuelson and the Keynes/Post Keynesian Revolution Setting the Record Straight on 'A History of Post Keynesian Economics' Responses to Lavoie, King, and Dow on What is Post Keynesianism and Who is a Post Keynesian The Effect of Ending Hostilities on Output and Employment Can, or Should, a Central Bank Inflation Target? Are We Making Progress towards the Good Society?