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.
Publisher: Edward Elgar Publishing Ltd
Number of pages: 360
Dimensions: 156 x 234 mm
Edition: 2nd Revised edition
`Paul Davidson is the leading expert on Keynes and Keynesianism.' -- Larry Elliott, Guardian
`Paul Davidson is the keeper of the Keynesian flame. Keynes lives (intellectually), and Davidson is one of the reasons.' -- Alan S. Blinder, Princeton University, US
`A work of art and science. Beautifully written and updated, rigorous, faithful and complete, Paul Davidson has given us a lucid and teachable Keynes for our time.' -- James K. Galbraith, The University of Texas at Austin, US