Inflation, Open Economies and Resources

The Collected Writings of Paul Davidson

Author: Paul Davidson

Publisher: Palgrave Macmillan

ISBN:

Category: Business & Economics

Page: 618

View: 211

This collection of writings covers such subjects as income distribution, inflation, macroeconomics, expectations, open economies, national and natural resources. Davidson's writings are also available as a two-volume set.

The Collected Writings of Paul Davidson

Author: Louise Davidson

Publisher: NYU Press

ISBN:

Category: Business & Economics

Page: 995

View: 552

Paul Davidson is one of America's most prolific academic economists. Editor of the Journal of Post-Keynesian Economics and holder of the Holly chair of Excellence at the University of Tennessee, Professor Davidson has written broadly over thirty years on topics as diverse as income distribution, oil and natural resource use, economietric models, finance and financial markets, inflation, and unemployment. This two volume work contains most of Davidson's professional journal articles, a number of previously unpublished papers, and a sample of his policiy oriented testimonies before Congress, the Federal Communications Commission and bank regulators. The topics addressed in this collection among others are: monetary theory and policy; employment theory; and income distribution and inflation.

The 'Uncertain' Foundations of Post Keynesian Economics

Essays in Exploration

Author: Stephen Dunn

Publisher: Routledge

ISBN:

Category: Business & Economics

Page: 256

View: 271

This important new book introduces, analyzes and takes forward a post-Keynesian theory of the firm. It makes a vital contribution to the conceptualisation of uncertainty that is consistent with the methodological presuppositions of Post Keynesian economics. The author attempts to make a positive contribution to the development of Post Keynesian economics by refuting allegations of incoherence, detailing some of the salient implications of a transmutable conception of economic processes and then starting to explore what this means for how Post Keynesians conceptualise uncertainty. The book argues that the Post Keynesian distinctive view of time, understood as a non-deterministic open systems process, is a core and defining characteristic which is linked to its theoretical discussion of money and the principle of effective demand. Covering areas such as the coherence of Post Keynesianism, the future of Post Keynesian economics and Keynesian methodological debates, this book is useful reading for all Post Keynesian scholars with a strong interest in economic methodology and the philosophical underpinnings of economics.

Uncertainty, International Money, Employment and Theory

Volume 3: The Collected Writings of Paul Davidson

Author: Paul Davidson

Publisher: Springer

ISBN:

Category: Business & Economics

Page: 466

View: 954

The book contains Paul Davidson's major contributions to the economics and policy debates of our times. The relationship between uncertainty, economic theory, international financial markets and global unemployment is analysed throughout. Davidson suggests new solutions for the major problems of the twenty-first century, including volatile financial markets in Asia and beyond, challenging orthodox responses. The differences between the Old-, New-, and Post-Keynesians all vying for Keynes's mantle, are explored.

Can the Free Market Pick Winners?: What Determines Investment

What Determines Investment

Author: Paul Davidson

Publisher: Routledge

ISBN:

Category: Business & Economics

Page: 225

View: 322

The purpose of this volume is to reopen the discussion of how to develop the economic theory of investment to better model the facts of experience and to provide policy makers with a better understanding of how capital markets work. In this final decade of the twentieth century, almost everyone agrees that human progress will be closely related to the decisions regarding the investments made to promote economic growth of output. Despite the Nobel prize work done in recent decades, economic performance in this area seems to have worsened. Clearly, a reopening of public discussion on what is required is necessary. Until we get our theory right, it is impossible to get our public policy right. This book does not promise to provide “the” correct theory. Instead, it hopes to stimulate the reader into an understanding of where we may have gone wrong, and how we might rectify our mistakes.

The Oxford Handbook of Post-Keynesian Economics, Volume 2

Critiques and Methodology

Author: G. C. Harcourt

Publisher: Oxford University Press

ISBN:

Category: Business & Economics

Page: 528

View: 205

This two volume Handbook contains chapters on the main areas to which Post-Keynesians have made sustained and important contributions. These include theories of accumulation, distribution, pricing, money and finance, international trade and capital flows, the environment, methodological issues, criticism of mainstream economics and Post-Keynesian policies. The Introduction outlines what is in the two volumes, in the process placing Post-Keynesian procedures and contributions in appropriate contexts.

Microfoundations of Evolutionary Economics

Author: Yoshinori Shiozawa

Publisher: Springer

ISBN:

Category: Business & Economics

Page: 346

View: 651

This book provides for the first time the microfoundations of evolutionary economics, enabling the reader to grasp a new framework for economic analysis that is compatible with evolutionary processes. Any independent approach to economics must include a value theory (or price theory) and price and quantity adjustment processes. Evolutionary economics has rightly and successfully concentrated its efforts on explaining evolutionary processes in technology and institutions. However, it does not have its own value theory and is not capable of explaining the workings of everyday economics processes, in which any evolutionary process would take place. Our point of departure is the addition of myopic agents with severely limited rational and forecasting capacities (in stark contrast to mainstream economics). We show how myopic agents, in a complex world, can produce a stable price system and demonstrate how they can adjust their production to changing demand flows. Agents behave without any knowledge of the overall process, and they generate a stable economy as large as the global network of exchanges. This is the true “miracle” of the market mechanism. In contrast to mainstream general equilibrium theory, this miracle can be explained without the need for an auctioneer or infinitely rational agents. Thanks to this book, evolutionary economics can now claim to be an independent approach to economics that can completely replace mainstream neoclassical economics.

Inflation, Open Economies and Resources

The Collected Writings of Paul Davidson

Author: Paul Davidson

Publisher: Springer

ISBN:

Category: Business & Economics

Page: 618

View: 164

This collection of writings covers such subjects as income distribution, inflation, macroeconomics, expectations, open economies, national and natural resources. Davidson's writings are also available as a two-volume set.

Central Banking, Asset Prices and Financial Fragility

Author: Éric Tymoigne

Publisher: Routledge

ISBN:

Category: Business & Economics

Page: 336

View: 127

The current literature on central banking contains two distinct branches. On the one side, research focuses on the impact of monetary policy on economic growth, unemployment, and output-price inflation, while ignoring financial aspects. On the other side, some scholars leave aside macroeconomics in order to study the narrow, but crucial, subjects of financial behaviours, and financial supervision and regulation. This book aims at merging both approaches by using macroeconomic analysis to show that financial considerations should be the main preoccupation of central banks. Eric Tymoigne shows how different views regarding the conception of asset pricing lead to different positions regarding the appropriate role of a central bank in the economy. In addition, Hyman P. Minsky’s framework of analysis is used extensively and is combined with other elements of the Post Keynesian framework to study the role of a central bank. Tymoigne argues that central banks should be included in a broad policy strategy that aims at achieving stable full employment. Their sole goal should be to promote financial stability, which is the best way they can contribute to price stability and full employment. Central banks should stop moving their policy rate frequently and widely because that creates inflation, speculation, and economic instability. Instead, Tymoigne considers a pro-active financial policy that does not allow financial innovations to enter the economy until they are certified to be safe and that focuses on analyzing systemic risk. He argues that central banks should be a guide and a reformer that allow a smooth financing and funding of asset positions, while making sure that financial fragility does not increase drastically over a period of expansion. This book will be of interest to students and researchers engaged with central banking, macroeconomics, asset pricing and monetary economics.

Economics as an Art of Thought

Essays in Memory of G.L.S. Shackle

Author: Peter Earl

Publisher: Routledge

ISBN:

Category: Business & Economics

Page: 464

View: 245

This volume unites scholars from all over the world, and with very different theoretical perspectives. Their chapters probe into typical Shacklean themes of time and money, uncertainty and expectation, and into the roots of G.L.S. Shackle's philosophical and methodological stance.

An Alternative Macroeconomic Theory: The Kaleckian Model and Post-Keynesian Economics

Author: John E. King

Publisher: Springer Science & Business Media

ISBN:

Category: Business & Economics

Page: 228

View: 558

lE. King Michael Kalecki (1899-1970) was one of the most important, and also one of the most underrated, economists of the twentieth century. In the 1930s he made a series of fundamental contributions to macroeconomic theory which anticipated, complemented and in some ways surpassed those of Keynes. Almost entirely self-educated in economics, and influenced rul much by Marxism as by mainstream theory, Kalecki very largely escaped the fatal embrace of pre-Keynesian orthodoxy, which blunted the thrust of the General Theory. Many Post Keynesians, in particular, have found in his work the elements of a convincing alternative to what Joan Robinson -Kalecki's greatest advocate in the English-speaking world - was scathingly to describe as 'bastard Keynesianism' . But Kalecki was never interested in theory for its own sake. He approached economics from a practical perspective, wrote extensively on applied and policy questions, and in the [mal decades of his life turned his attention increasingly to problems of economic development and the management of state socialist economies.

International Money and the Real World

Author: P. Davidson

Publisher: Springer

ISBN:

Category: Business & Economics

Page: 288

View: 880

This revised edition updates the post-Keynesian analysis of the earlier edition by providing a greater emphasis on capital movements, the development of regional common markets and the global debt and payments problems spawned in the 1980s. It explains why orthodox economic policies have often failed to achieve their objectives and if they work they do so only by inflicting unnecessarily high costs on society. The civilized policies developed in this volume, on the other hand, can achieve society's goals while enhancing the many benefits of an entrepreneurial economy.

The Collected Writings of Paul Davidson (2 Volume Set)

Author: Louise Davidson

Publisher: NYU Press

ISBN:

Category: Business & Economics

Page:

View: 614

Paul Davidson is one of America's most prolific academic economists. Editor of the Journal of Post-Keynesian Economics and holder of the Holly chair of Excellence at the University of Tennessee, Professor Davidson has written broadly over thirty years on topics as diverse as income distribution, oil and natural resource use, economietric models, finance and financial markets, inflation, and unemployment. This two volume work contains most of Davidson's professional journal articles, a number of previously unpublished papers, and a sample of his policiy oriented testimonies before Congress, the Federal Communications Commission and bank regulators. The topics addressed in this collection among others are: monetary theory and policy; employment theory; and income distribution and inflation.

Who's Afraid of John Maynard Keynes?

Challenging Economic Governance in an Age of Growing Inequality

Author: Paul Davidson

Publisher: Springer

ISBN:

Category: Business & Economics

Page: 162

View: 538

This is a book with many benefits. Davidson explains the importance of the market economy, and unveils how and why global financial crises occur when the liquidity of financial assets traded in the market, suddenly collapse. 70 years after Keynes’ death, in another era of financial crisis and economic slump, Keynes’ ideas have made a comeback within economic circles. Yet these ideas are not represented in contemporary government policy decisions. This book explains why Keynes’ ideas need to be used by political parties in order to restore global prosperity and close the gap between income and wealth inequality. This book will is essential reading for researchers, practitioners, students and the wider public interested in an economic understanding of today's global economic problems.

Essays in Honour of Victoria Chick: Methodology, microeconomics, and Keynes

Author: Victoria Chick

Publisher: Psychology Press

ISBN:

Category: Business & Economics

Page: 256

View: 262

This volume, a companion to Money, Macroeconomics and Keynes, represents both consolidation and the breaking of new ground in Keynesian methodology and microeconomics by leading figures in these fields.

Sports Economics

Theory, Evidence and Policy

Author: Paul Downward

Publisher: Routledge

ISBN:

Category: Business & Economics

Page: 417

View: 227

Sports Economics is the ideal introduction for all sport management and sport policy students and those for whom economics is a relatively new area of study. The book will also provide an ideal introduction to sports economics for economics students new to the area. Specifically designed to make economics accessible the context of sport is the focus of analysis, ensuring that this book is lively, accessible and approachable. The full scope of the sports economy is examined, covering the three main arenas in which sport takes place - mass participation, professional sports and sports events. The key elements of the economic representation of these three markets are considered, such as the underlying demand for and supply of these sports, together with the main policy issues affecting them Whilst truly international in scope, it focuses particularly on specific comparisons between the US, the UK and mainland Europe. The breadth of discussion and international emphasis is brought to life by a detailed discussion of the evidence throughout the book to illustrate the key themes discussed - ideal for both lecturer and student. Reflection questions and boxes are also used in chapters to prompt the reader to think about specific points as well as to provide the context for specific theoretical or empirical contributions that have been used to analyze sport.

Money and Employment

The Collected Writings of Paul Davidson

Author: Paul Davidson

Publisher: Springer

ISBN:

Category: Business & Economics

Page: 637

View: 338

The first volume in a series of collected writings by Paul Davidson, this book covers such areas as money, finance, Keynes, monetarism and macroeconomic employment. The collected writings are also available as a complete set.

Complexity, Endogenous Money and Macroeconomic Theory

Essays in Honour of Basil J. Moore

Author: Mark Setterfield

Publisher: Edward Elgar Publishing

ISBN:

Category: Econometrics

Page: 448

View: 861

That the chapters in the volume cover such a wide range of important, often fundamental, topics is a proper tribute to Basil Moore s influence and contributions over his working life. From the foreword by G.C. Harcourt, Jesus College, Cambridge, UK During a distinguished career, Basil Moore has made numerous important contributions to macroeconomics and monetary economics, and is renowned as the progenitor of the horizontalist analysis of endogenous money. More recently, he has embraced complexity theory as part of an ongoing effort to understand macroeconomics as an evolving, path-dependent process. This book celebrates and explores Basil Moore s interests in and contributions to monetary and macroeconomic theory. Complexity, Endogenous Money and Macroeconomic Theory features original essays by internationally acclaimed and expert authors. It comprises a selection of papers on five distinct but interrelated themes: economic concepts, tools and methodology; complexity, uncertainty and path dependence; the macroeconomics of endogenous money; the macroeconomics of exogenous interest rates; and unemployment, inflation and the determination of aggregate income. These papers combine to provide a comprehensive methodological and theoretical discussion of the macroeconomics of a monetary production economy. The book will be of interest to professionals and research students in the fields of macroeconomics and monetary economics especially those with an interest in the Post Keynesian approach to analyzing these fields, including the wide audience that has been reached by the contributions of Basil Moore himself.

Issues in Finance and Monetary Policy

Author: J. McCombie

Publisher: Springer

ISBN:

Category: Business & Economics

Page: 200

View: 569

The book investigates the contemporary functioning of financial institutions and monetary policies in order to assess their effects in different economic situations. It advances some proposals to improve their contribution towards a more stable and vigorous economy in the context of both developed and developing countries.