Post Keynesian Theory and Policy

Paul Davidson

in Books from Edward Elgar Publishing

Abstract: 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.

Keywords: Economics and Finance (search for similar items in EconPapers)
Date: 2015
ISBN: 9781784718244
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