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Controversies in Post Keynesian Economics
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.
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Critical Acclaim
More Information
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.
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.
Critical Acclaim
‘Useful supplementary reading for upper-level undergraduates.’
– D.E. Moggridge, Choice
‘This book, while never oversimplifying, presents an overview of major controversies in post Keynesian economics and, more importantly, leaves the reader with a clear sense of how the pieces of the post Keynesian view fit into a well-integrated perspective on how the economy functions.’
– Diane Zannoni, Southern Economic Journal
‘All policymakers should read it – and require that the economists on their staffs do so also.’
– Policy Options
‘The book is an excellent, clearly written introduction to post Keynesian economics.’
– Martin H. Wolfson, University of Notre Dame, US
‘This book is a skilful and refreshing introduction to a neglected field of economic research. Its strength is a developed policy message. We can hope that a readable book by such a respected author will make the post Keynesian School more visible as a contender to the monolith of the neoclassical doctrine.’
– Robert E. Prasch, Review of Social Economy
‘Throughout the book mixes theory, methodology, and history and will serve a very readable, in brief, introduction to the post Keynesian approaches to uncertainty, money, contracts, and unemployment.’
– Malcolm Sawyer, The Economic Journal
‘Post Keynesian Macroeconomic Theory, is a book that economists unfamiliar with post Keynesian economics in general and with Paul Davidson economics in particular, should read. . . . the ideas are simple and the writing is excellent.’
– David C. Colander, Journal of Economic Literature
– D.E. Moggridge, Choice
‘This book, while never oversimplifying, presents an overview of major controversies in post Keynesian economics and, more importantly, leaves the reader with a clear sense of how the pieces of the post Keynesian view fit into a well-integrated perspective on how the economy functions.’
– Diane Zannoni, Southern Economic Journal
‘All policymakers should read it – and require that the economists on their staffs do so also.’
– Policy Options
‘The book is an excellent, clearly written introduction to post Keynesian economics.’
– Martin H. Wolfson, University of Notre Dame, US
‘This book is a skilful and refreshing introduction to a neglected field of economic research. Its strength is a developed policy message. We can hope that a readable book by such a respected author will make the post Keynesian School more visible as a contender to the monolith of the neoclassical doctrine.’
– Robert E. Prasch, Review of Social Economy
‘Throughout the book mixes theory, methodology, and history and will serve a very readable, in brief, introduction to the post Keynesian approaches to uncertainty, money, contracts, and unemployment.’
– Malcolm Sawyer, The Economic Journal
‘Post Keynesian Macroeconomic Theory, is a book that economists unfamiliar with post Keynesian economics in general and with Paul Davidson economics in particular, should read. . . . the ideas are simple and the writing is excellent.’
– David C. Colander, Journal of Economic Literature
