ENGLISH

Financial Markets, Money and the Real World

By Paul Davidson

Book information

Publisher
Edward Elgar Publishing
Year
2002
ISBN
9781840647402, 184064740X
Open Library ID
OL8916324M
Language
english
Format
PDF
Filesize
1 MB (1274704 bytes)
Pages
276\276
Topic
Economy
Time added
2010-02-18 13:16:04

Description

Paul Davidson has played a central role in the development of Post Keynesian economics in the United States over the past several decades. This non-technical book provides a clear and practical introduction to the subject, beginning with Davidson's distinctive interpretation of Keynes. Interestingly, while it was published several years before the current crisis in financial markets, it sheds a great deal of light on what is going on today.I have only two mild criticisms. First, the policy recommendations at the end of the book, while very appealing in theory, seem largely unrealistic in practice. Second, some explanation of Minsky's financial instability hypothesis would have been useful, beyond the brief allusion in Chapter 11.

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