Description
Professor Davidson provides a lucid review of the debates between neoclassical Keynesians, monetarists and post Keynesians. These debates have been rekindled as a result of the revitalisation of the post Keynesian tradition coupled with the failure of the monetarist approach to explain economic developments in the 1980s. He develops this history of the struggle for the minds of economists, as well as explaining in intelligible language, the different roles assigned to money, contracts and the uncertainty of the inflationary process. In conclusion, he discusses which of these theories is likely to be most relevant to the economic problems that will be facing the free world in the 21st century.
About the Author
Paul Davidson, Holly Chair of Excellence Emeritus, University of Tennessee, US and Founding Editor of the Journal of Post Keynesian Economics
Reviews
'Useful supplementary reading for upper-level undergraduates.'
Book Information
ISBN 9781852783754
Author Paul Davidson
Format Paperback
Page Count 144
Imprint Edward Elgar Publishing Ltd
Publisher Edward Elgar Publishing Ltd