Who's Afraid of John Maynard Keynes?: Challenging Economic Governance in an Age of Growing Inequality

by Paul Davidson

Overview

This is a book with many benefits. Davidson explains the importance of the market economy, and unveils how and why global financial crises occur when the liquidity of financial assets traded in the market, suddenly collapse.

70 years after Keynes’ death, in another era of financial crisis and economic slump, Keynes’ ideas have made a comeback within economic circles. Yet these ideas are not represented in contemporary government policy decisions. This book explains why Keynes’ ideas need to be used by political parties in order to restore global prosperity and close the gap between income and wealth inequality.

This book will is essential reading for researchers, practitioners, students and the wider public interested in an economic understanding of today's global economic problems.

Product Details

ISBN-13:	9783319645032
Publisher:	Springer International Publishing
Publication date:	10/20/2017
Edition description:	1st ed. 2017
Pages:	162
Product dimensions:	5.83(w) x 8.27(h) x (d)

About the Author

Professor Paul Davidson is Holly Chair of Excellence in Political Economy, Emeritus, at the University of Tennessee, US.

He founded the Journal of Post Keynesian Economics and. He is also author, co-author, or editor of 22 books including John Maynard Keynes (Palgrave Macmillan, 2007) and The Keynes Solution: The Path to Global Economic Prosperity (Palgrave Macmillan, 2009), as well as over 210 articles. He has testified before 20 congressional committees over the years on various economic questions.

Table of Contents

Chapter 1 - Who saw the coming of the global financial crisis 2007-8?.- .Chapter 2 - Alternative explanations of how the capitalist economy in which we live operates?.- .Chapter 3 - Understanding the role of money and money contracts in a market economy.- .Chapter 4. Unemployment: Why can't people who want to work find jobs?.- .Chapter 5 - Creating a prosperous full employment economy.- .Chapter 6. Can we prevent inflation and still achieve full employment.- .Chapter 7. The role of financial markets and liquidity.- .Chapter 8. Globalization and international trade effects on employment and prosperity.- .Chapter 9. Are free trade agreements desirable.- .Chapter 10. President Trump's anti-free trade agreements policy.- .Chapter 11. What economic policies can a democracy adopt to assure we live in a prosperous, civilised, capitalist system.

Editorial Reviews

Paul Davidson, in his ninth decade, has produced a crisp and clear exegesis of essential Keynesian ideas and the critical failures of so-called mainstream economic thought. … it is a good thing that Paul Davidson continues to remind us of how far from sanity and civilization we have drifted, in the decades since the death of Keynes.” (James K. Galbraith, Institute for New Economic Thinking, ineteconomics.org, August 30, 2019)

From the Publisher