Search results for ""Author Paul Davidson""

Controversies in Post Keynesian Economics proves that it is possible to meet the most exacting scholarly standards while also managing to make economics enjoyable to read. 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.

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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. Contents: 1. The Background for Keynes's Revolution 2. The Essential Difference between the General Theory and the Classical System 3. Taxonomy, Axioms and Expenditures Related to Income: Keynes's D1 Category 4. Investment Spending 5. Government and the Level of Output 6. Delving Further into the Relationship between Money, Liquidity and Uncertainty 7. Liquidity Preference the Basis of Keynes's Revolution 8. The Finance Motive and the Interdependence of the Real and Monetary Sectors 9. Financial Markets, Fast Exits and Great Depressions and Recessions 10. Inflation: Causes and Cures 11. Keynes's Aggregate Supply and Demand Analysis 12. The Demand and Supply of Labour 13. Money in an International Setting 14. Trade Imbalances and International Payments 15. International Liquidity and Exchange Rate Stability 16. Financing the Wealth of Nations 17. Export-led Growth and a Proposal for an International Payments Scheme 18. Epilogue: Truth in Labelling and Economic Textbooks Index

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Paul Davidson investigates why the 1990s was a decade of financial crises that almost precipitated a global market crash. He explores the reasons why the global economy still struggles with the aftermath of these crises and discusses the possibility that volatile financial markets in the future will have real impacts on whole industries and national economic systems.The author highlights the central role that domestic and international financial markets play in determining the economic growth rate, unemployment rate and international payments position of capitalist economies. He explains why the primary function of financial markets is to create liquidity and demonstrates that a liquid market cannot be efficient, and an efficient market cannot be liquid. He also proves that preventing liquidity problems from developing in national and international financial markets is the key element in fostering prosperity. Statistical evidence and theoretical analysis are combined to demonstrate why orthodox prescriptions for 'liberalizing' labor, product, and capital markets are the wrong policies for promoting a civilized society in the 21st century.Professional economists, financial reporters, government policy makers, those working in international economic organizations such as the IMF, the World Bank and the WTO, and concerned citizens will all benefit greatly from reading this highly acclaimed book.

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This book explores key economic problems and new policies for the global economy of the 21st century. The contributors discuss to what extent past policy errors were due to the incompetence of policymakers, and highlight problems including: international payments imbalances and currency crises, volatile security markets, inflation, achieving full employment, income distribution and alleviating individuals and nations of poverty. In particular, topics explored include: the development problem experienced by Brazil during the past two decades the desire of most developing nations to achieve an export-led growth strategy the constraint of balance-of-payments on Mexico's long-term economic growth the relationship between group division and levels of economic development decreasing economic growth in the United States the consideration of effective demand, and structural and technological change the relationship between unemployment and profitability. The book presents a challenging set of arguments, and illustrates the many problems faced by decision makers in their attempt at policy making in the new global economy. It will be of special interest to academic economists, central bankers, government policymakers and those involved in financial markets.

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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. Contents: 1. The Background for Keynes's Revolution 2. The Essential Difference between the General Theory and the Classical System 3. Taxonomy, Axioms and Expenditures Related to Income: Keynes's D1 Category 4. Investment Spending 5. Government and the Level of Output 6. Delving Further into the Relationship between Money, Liquidity and Uncertainty 7. Liquidity Preference the Basis of Keynes's Revolution 8. The Finance Motive and the Interdependence of the Real and Monetary Sectors 9. Financial Markets, Fast Exits and Great Depressions and Recessions 10. Inflation: Causes and Cures 11. Keynes's Aggregate Supply and Demand Analysis 12. The Demand and Supply of Labour 13. Money in an International Setting 14. Trade Imbalances and International Payments 15. International Liquidity and Exchange Rate Stability 16. Financing the Wealth of Nations 17. Export-led Growth and a Proposal for an International Payments Scheme 18. Epilogue: Truth in Labelling and Economic Textbooks Index

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Paul Davidson investigates why the 1990s was a decade of financial crises that almost precipitated a global market crash. He explores the reasons why the global economy still struggles with the aftermath of these crises and discusses the possibility that volatile financial markets in the future will have real impacts on whole industries and national economic systems.The author highlights the central role that domestic and international financial markets play in determining the economic growth rate, unemployment rate and international payments position of capitalist economies. He explains why the primary function of financial markets is to create liquidity and demonstrates that a liquid market cannot be efficient, and an efficient market cannot be liquid. He also proves that preventing liquidity problems from developing in national and international financial markets is the key element in fostering prosperity. Statistical evidence and theoretical analysis are combined to demonstrate why orthodox prescriptions for 'liberalizing' labor, product, and capital markets are the wrong policies for promoting a civilized society in the 21st century.Professional economists, financial reporters, government policy makers, those working in international economic organizations such as the IMF, the World Bank and the WTO, and concerned citizens will all benefit greatly from reading this highly acclaimed book.

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How did economic ''experts'' worldwide fail to predict the financial crisis of 2007-2008? Eminent economist Paul Davidson discusses how mainstream economic theory may not be applicable to the world of experience. Post Keynesian theory, on the other hand, is designed to be applicable to the real world, and this book shows how applying it to policy formulation could help practically resolve economic problems. Davidson goes on to show how many Post Keynesian economists warned of the crisis as early as 2002.Post Keynesian Theory and Policy challenges the axioms on which orthodox economic theory is based and argues against their applicability to a money-using, market-oriented economy. It explores the basis for Keynes's revolutionary general theory and seeks to dispel misconceptions often found in orthodox textbooks. This accessible and expertly constructed book explains why modern economies use money-denominated contracts to organize all market transactions for production and exchange and why the law of comparative advantage's argument for free trade is not applicable to mass production industries' exports and imports. This book is a valuable resource for professional economists as well as students and academics in economics, political Science, and history, who will appreciate its new perspective and analysis of global financial events.

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How did economic ''experts'' worldwide fail to predict the financial crisis of 2007-2008? Eminent economist Paul Davidson discusses how mainstream economic theory may not be applicable to the world of experience. Post Keynesian theory, on the other hand, is designed to be applicable to the real world, and this book shows how applying it to policy formulation could help practically resolve economic problems. Davidson goes on to show how many Post Keynesian economists warned of the crisis as early as 2002.Post Keynesian Theory and Policy challenges the axioms on which orthodox economic theory is based and argues against their applicability to a money-using, market-oriented economy. It explores the basis for Keynes's revolutionary general theory and seeks to dispel misconceptions often found in orthodox textbooks. This accessible and expertly constructed book explains why modern economies use money-denominated contracts to organize all market transactions for production and exchange and why the law of comparative advantage's argument for free trade is not applicable to mass production industries' exports and imports. This book is a valuable resource for professional economists as well as students and academics in economics, political Science, and history, who will appreciate its new perspective and analysis of global financial events.

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The economic performance of many countries has deteriorated significantly during the last decade. The 1990s witnessed a global recession, the Mexican currency crisis and later, the Asian and Russian crises. The objective of full employment and price stability appears to be an illusory goal for many of the economies of the emerging global market system. This book offers new policy prescriptions from the post Keynesian perspective to achieve full employment without inflation. Paul Davidson and Jan Kregel - both world renowned economists - have selected papers that rigorously examine real world issues including: the challenge of attaining external balance with internal growth and employment speculation and volatile financial markets in the quest to achieve full employment without inflation the role of money in combating unemployment the role of institutions in stabilizing economies the advantages and disadvantages of the Euro and its implications in the world economy Keynes's plan to reform the international payments system in the post war era The book will be welcomed by economists, especially those interested in international economics, by politicians, policymakers and by all those concerned with global employment and inflation issues.

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Reading Champion offers independent reading books for children to practise and reinforce their developing reading skills.Fantastic, original stories are accompanied by engaging artwork and a reading activity. Each book has been carefully graded so that it can be matched to a child's reading ability, encouraging reading for pleasure.Independent Reading Yellow stories are perfect for children aged 4+ who are reading at book band 3 (Yellow) in classroom reading lessons.Sam's family is anything but ordinary - in fact, it is super! But what about Sam?

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Full employment and growth in the international economy remain the greatest economic challenges as we approach the twenty-first century. This important book, edited by two leaders in the field, rigorously examines these real world problems from a post Keynesian perspective and provides practical policy solutions for achieving growth and reducing unemployment.The increasing interdependence of world trade and the integration of capital markets has led to the globalization of the international economy. This globalization demands new policy prescriptions for international growth and employment without inflation. In order to combat stagflation, a distinguished group of authors suggests policies for achieving growth and employment within the framework of an entrepreneurial market system. They identify and evaluate the factors determining the expansion of the global economy and assess the impact of financial markets, derivatives and international regulations on domestic and global economic performance.Improving the Global Economy will be of special interest to policymakers, macroeconomists and all those concerned with global growth and employment issues.

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This book brings together an important body of new essays on key economic problems and challenges of the 1990s. The essays provide new perspectives on key issues including economic development, East Europe, 1992, the US trade deficit, protectionism, the unification of Germany, privatization and many other topical issues. The papers included in the volume were presented at a conference organized by Paul Davidson and Jan Kregel and organized around three basic areas: problems of economic development, debt and the international payments system; integration and reconstruction of Western and Eastern Europe; and problems facing the US economy. The contributors represent an international group of distinguished economists. Economic Problems of the 1990s is an essential reference point for all economists concerned with economic problems and prospects in the late 20th century. It provides readers with an understanding of the problems facing the international economy and with innovative suggestions for solutions.

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This important new book brings together a significant body of new essays on some of the central economic problems facing governments, firms and individuals in the 1990s. Under the direction of Paul Davidson and Jan Kregel, an international group of distinguished economists provide new perspectives on key issues including employment, corporate and work place restructuring, economic growth and development, financial integration and transformation of the former command economies. Combining rigorous scholarly assessments of the issues with policy prescription, the contributors seek to provide solutions to the problem of providing full employment, to identify the factors determining the expansion of the economy, and to analyse the impact of financial markets, financial derivatives and international regulations on domestic and global economic performance.Employment, Growth and Finance will be welcomed by all those interested in the solutions to international economic problems being developed by post Keynesian economists.

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Project X Origins Graphic Texts can help children to reach higher standards in comprehension. This graphic retelling of Oliver Twist brings a fresh look to a well-loved classic. Victorian England is not a kind place for a poor orphan like Oliver. After running away from an undertaker's where he's been forced to work, he hopes he'll have better luck in London. However, after he meets the Artful Dodger, he soon learns life in the big city can be very dangerous indeed. Can Oliver ever escape the murky world he finds himself in? This book also contains notes on the inside front and back covers with advice on supporting older children with their reading, ideas for follow-up activities and higher-level comprehension questions.

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GET READY FOR A DUST UP IN MEGA-CITY ONE!Mega-City One, the cusp of the twenty-second century. Eight hundred million people are living in the ruin of the old world, a planet devastated by atomic war. Only one thing fighting for order in a metropolis teetering on the brink of chaos – the men and women of the Hall of Justice. Judge Dredd and the newly-appointed Judge Anderson are two such custodians of the law. While Dredd is busy investigating murders that have occurred after a dust storm blew into the city from the Cursed Earth, Anderson is struggling with her recent experiences in law enforcement… Written by Arthur Wyatt and Alec Worley with art by Paul Davidson and Ben Willsher, this action-packed continuation of the Dredd movie world is not to be missed!

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Exciting, monster-based, choose-your-own-destiny adventure story in which YOU are the heroTake on the role of the Monster Hunter in this fully interactive, flick-through-the pages, choose-your-own-destiny adventure story.YOU are the Monster Hunter, fighter of yetis and protector of the people! When your services are needed, will you answer the call? You decide...In each adventure the reader makes a choice that affects how the story progresses - it really is 'decide-your-own-destiny!Reading Age 6-8 years, Interest Range 7-10 years and printed using a font approved by the British Dyslexia AssociationWritten by the award-winning duo Steve Barlow and Steve Skidmore (more commonly known as the 2Steves).

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Exciting, monster-based, choose-your-own-destiny adventure story in which YOU are the heroTake on the role of the Monster Hunter in this fully interactive, flick-through-the pages, choose-your-own-destiny adventure story.YOU are the Monster Hunter, fighter of evil half-men-half-robots and protector of the living! When your services are needed, will you answer the call? You decide...In each adventure the reader makes a choice that affects how the story progresses - it really is 'decide-your-own-destiny!Reading Age 6-8 years, Interest Range 7-10 years and printed using a font approved by the British Dyslexia AssociationWritten by the award-winning duo Steve Barlow and Steve Skidmore (more commonly known as the 2Steves).

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Exciting, monster-based, choose-your-own-destiny adventure story in which YOU are the heroTake on the role of the Monster Hunter in this fully interactive, flick-through-the pages, choose-your-own-destiny adventure story.YOU are the Monster Hunter, fighter of deadly mummies and protector of the living! When your services are needed, will you answer the call? You decide...In each adventure the reader makes a choice that affects how the story progresses - it really is 'decide-your-own-destiny!Reading Age 6-8 years, Interest Range 7-10 years and printed using a font approved by the British Dyslexia AssociationWritten by the award-winning duo Steve Barlow and Steve Skidmore (more commonly known as the 2Steves).

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