Post Keynesian Theory and Policy
A Realistic Analysis of the Market Oriented Capitalist Economy
Business & Finance, Economics, Macroeconomics, Theory of Economics
| Author: | Paul Davidson | ISBN: | 9781784718251 |
| Publisher: | Edward Elgar Publishing | Publication: | August 28, 2015 |
| Imprint: | Language: | English |
| Author: | Paul Davidson |
| ISBN: | 9781784718251 |
| Publisher: | Edward Elgar Publishing |
| Publication: | August 28, 2015 |
| Imprint: | |
| Language: | English |
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 is designed to be applicable to the real world, and this book demonstrates how applying it to policy formulation could help practically resolve economic problems. Davidson goes on to demonstrate how many Post Keynesian economists warned of the impending financial crisis as early as 2002.
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 is designed to be applicable to the real world, and this book demonstrates how applying it to policy formulation could help practically resolve economic problems. Davidson goes on to demonstrate how many Post Keynesian economists warned of the impending financial crisis as early as 2002.
