This book looks at the life of Keynes leading up to the writing of his seminal General Theory , examines the General Theory in detail, and explores how it differs from classical theory. The impact of Keynes's work on the economy postwar and up to the present day is also assessed.
About the Author
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.
Table of ContentsAn Introduction to Keynes and his Revolutionary Views How the Great War and its Aftermath Affected Keynes's Thinking Keynes's Middle Way Liberalism is Truly a New Way The Before and After of Keynes's General Theory The Conceptual Difference between Keynes's General Theory and Classical Theory - Savings and Liquidity Further Differentiating Keynes's Aggregate Demand Function The Importance of Money, Contracts and Liquid Financial Markets World War II and the Post War Open Economies System Classical Trade Theory vs. Keynes's General Theory of International Trade and International Payments Reforming the World's Money Inflation Keynes's Revolution: The Evidence Showing Who Killed Cock Robin