The Keynes Solution

Author: Paul Davidson
Publisher: St. Martin's Press
ISBN: 9780230101012
Format: PDF, Docs
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Today's financial crisis has led to a widespread lack of confidence in the laissez faire style of economic policy. In The Keynes Solution author Paul Davidson provides insights into how we got into the crisis—but more importantly how to use Keynes economic philosophy to get out of this mess. John Maynard Keynes was committed to making the market economy work—but our current system has been a dismal failure. Keynes advocated for an interventionalist government role, in cooperation with private initiative, to mitigate the adverse effects of recessions, depressions and booms. His economic policy helped the world out of the great depression and was an important influencer in the thinking behind FDR's new deal policies. In this book Keynesian expert Davidson makes recommendations and details plans for spending, monetary policy, financial market rules and regulation, and wages—all to reverse the effects of our past policies. Keynes renewed influence can be seen everywhere: in Barack Obama's planned stimulus package, for example—and this book explains the basic tenant of Keynesian economics as well as applied solutions to today's critical situation.

Who s Afraid of John Maynard Keynes

Author: Paul Davidson
Publisher: Springer
ISBN: 3319645048
Format: PDF, ePub, Mobi
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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.

Post Keynesian Macroeconomic Theory Second Edition

Author: Paul Davidson
Publisher: Edward Elgar Publishing
ISBN: 184980981X
Format: PDF, Docs
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This important text develops Keynes's analytical framework for both closed and open economies and provides policy guidance for the global economy of the 21st 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 apragmatic insight that will be both useful and productive.

Keynes

Author: Robert Skidelsky
Publisher: PublicAffairs
ISBN: 1610390032
Format: PDF, Kindle
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In the debris of the financial crash of 2008, the principles of John Maynard Keynes—that economic storms are a normal part of the market system, that governments need to step in and use fiscal ammunition to prevent these storms from becoming depressions, and that societies that value the pursuit of money should reprioritize—are more pertinent and applicable than ever. In Keynes: The Return of the Master, Robert Skidelsky brilliantly synthesizes Keynes career and life, and offers nervous capitalists a positive answer to the question we now face: When unbridled capitalism falters, is there an alternative?

Supply Shock

Author: Brian Czech
Publisher: New Society Publishers
ISBN: 1550925261
Format: PDF
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THE STEADY STATE REVOLUTION -- NAVIGATING THE END OF ECONOMIC GROWTH Supply Shock "clearly describes the heart of what ails us--a zombie-like addiction to economic growth everywhere at all costs. Brian Czech brilliantly dissects the economic theories, models, and mindsets that are diminishing the human prospect while calling it "progress." ... King Midas would have understood the point, as we will someday." -- David W. Orr, Paul Sears Distinguished Professor of Environmental Studies and Politics, and Senior Adviser to the President, Oberlin College .".. it's evident that Czech has mastered the art of melding science, economics, policy and politics in one readable piece. Supply Shock belongs in the classroom, boardroom, town halls and policy circles." -- Herman Daly, from the foreword Politicians, economists, and Wall Street would have us believe that limitless expansion is the Holy Grail, and that there is no conflict between growing the economy and protecting the environment. "Supply Shock" debunks this widely accepted myth, leaving no doubt that the biggest idea of the 20th century - economic growth - has now become the biggest problem of the 21st. Starting with a refreshingly accessible, comprehensive critique of "the dismal science," author Brian Czech develops a compelling argument for a steady state economy. Whereas many works of economic thought can be dry and boring, Supply Shock succeeds at engaging readers while conveying keen scientific, economic and political insights including: The "trophic theory of money" The overlooked source of technological progress that prevents us from reconciling growth and environmental protection Bold yet practical policy objectives designed to ease the transition to life after growth. "Required reading for anyone concerned about the world our children and grandchildren will inherit, this landmark work lays a solid foundation for a new economic model, perhaps in time for preventing global catastrophes; certainly in time to mitigate the damage. Czech's vision of "steady statesmanship" is impressive and convincing, and this book easily qualifies as one of the key manuals for those who care about the world and its inhabitants." -- Lynn Gree nwalt, former director, U.S. Fish and Wildlife Service "An old economic world is dying, and a new economic world is being born. Brian Czech is one of the visionaries..." -- Governor Rich ard D. Lamm Brian Czech is the founder of Center for the Advancement of the Steady State Economy (CASSE), the leading organization promoting the transition from unsustainable growth to a new economic paradigm.

Doughnut Economics

Author: Kate Raworth
Publisher: Chelsea Green Publishing
ISBN: 160358675X
Format: PDF, ePub
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A Financial Times "Best Book of 2017: Economics” 800-CEO-Read “Best Business Book of 2017: Current Events & Public Affairs” Economics is the mother tongue of public policy. It dominates our decision-making for the future, guides multi-billion-dollar investments, and shapes our responses to climate change, inequality, and other environmental and social challenges that define our times. Pity then, or more like disaster, that its fundamental ideas are centuries out of date yet are still taught in college courses worldwide and still used to address critical issues in government and business alike. That’s why it is time, says renegade economist Kate Raworth, to revise our economic thinking for the 21st century. In Doughnut Economics, she sets out seven key ways to fundamentally reframe our understanding of what economics is and does. Along the way, she points out how we can break our addiction to growth; redesign money, finance, and business to be in service to people; and create economies that are regenerative and distributive by design. Named after the now-iconic “doughnut” image that Raworth first drew to depict a sweet spot of human prosperity (an image that appealed to the Occupy Movement, the United Nations, eco-activists, and business leaders alike), Doughnut Economics offers a radically new compass for guiding global development, government policy, and corporate strategy, and sets new standards for what economic success looks like. Raworth handpicks the best emergent ideas—from ecological, behavioral, feminist, and institutional economics to complexity thinking and Earth-systems science—to address this question: How can we turn economies that need to grow, whether or not they make us thrive, into economies that make us thrive, whether or not they grow? Simple, playful, and eloquent, Doughnut Economics offers game-changing analysis and inspiration for a new generation of economic thinkers.

ECONned How Unenlightened Self Interest Undermined Democracy and Corrupted Capitalism

Author: Yves Smith
Publisher: Macmillan
ISBN: 0230114563
Format: PDF, Mobi
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Why are we in such a financial mess today? There are lots of proximate causes: over-leverage, global imbalances, bad financial technology that lead to widespread underestimation of risk. But these are all symptoms. Until we isolate and tackle fundamental causes, we will fail to extirpate the disease. ECONned is the first book to examine the unquestioned role of economists as policy-makers, and how they helped create an unmitigated economic disaster. Here, Yves Smith looks at how economists in key policy positions put doctrine before hard evidence, ignoring the deteriorating conditions and rising dangers that eventually led them, and us, off the cliff and into financial meltdown. Intelligently written for the layman, Smith takes us on a terrifying investigation of the financial realm over the last twenty-five years of misrepresentations, naive interpretations of economic conditions, rationalizations of bad outcomes, and rejection of clear signs of growing instability. In eConned, author Yves Smith reveals: --why the measures taken by the Obama Administration are mere palliatives and are unlikely to pave the way for a solid recovery --how economists have come to play a profoundly anti-democratic role in policy --how financial models and concepts that were discredited more than thirty years ago are still widely used by banks, regulators, and investors --how management and employees of major financial firms looted them, enriching themselves and leaving the mess to taxpayers --how financial regulation enabled predatory behavior by Wall Street towards investors --how economics has no theory of financial systems, yet economists fearlessly prescribe how to manage them

Leveraging

Author: David M. Anderson
Publisher: Springer
ISBN: 3319060945
Format: PDF, ePub, Mobi
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This book considers the current domestic and global political and economic landscape and will show that there are three different but related kinds of leverage that together have emerged as the dominant strategy in economics, politics and international relations. The economic crisis of 2008-09 was called by most economists a crisis of “over-leverage.” Yet no one has argued that there has also been a leverage crisis or at least a “leverage challenge,” in other aspects of life. The This book argues that there is a “leverage mean” in between the extremes of too little leverage and too much leverage that provides the basis for resolving the various crises and challenges. This book, which grows out of a Brookings Institution paper “The Age of Leverage,” will analyze bargaining leverage, resource leverage and economic investment leverage and should draw the attention of students and teachers in political and economic philosophy.

The End of Poverty

Author: Jeffrey D. Sachs
Publisher: Penguin
ISBN: 1101643285
Format: PDF, ePub, Docs
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The landmark exploration of economic prosperity and how the world can escape from extreme poverty for the world's poorest citizens, from one of the world's most renowned economists Hailed by Time as one of the world's hundred most influential people, Jeffrey D. Sachs is renowned for his work around the globe advising economies in crisis. Now a classic of its genre, The End of Poverty distills more than thirty years of experience to offer a uniquely informed vision of the steps that can transform impoverished countries into prosperous ones. Marrying vivid storytelling with rigorous analysis, Sachs lays out a clear conceptual map of the world economy. Explaining his own work in Bolivia, Russia, India, China, and Africa, he offers an integrated set of solutions to the interwoven economic, political, environmental, and social problems that challenge the world's poorest countries. Ten years after its initial publication, The End of Poverty remains an indispensible and influential work. In this 10th anniversary edition, Sachs presents an extensive new foreword assessing the progress of the past decade, the work that remains to be done, and how each of us can help. He also looks ahead across the next fifteen years to 2030, the United Nations' target date for ending extreme poverty, offering new insights and recommendations. From the Trade Paperback edition.

Capitalist Revolutionary

Author: Roger E. Backhouse
Publisher: Harvard University Press
ISBN: 0674062841
Format: PDF, Mobi
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The 2008 recession restored Keynes to prominence. This account elaborates the misinformation that led to his repeated resurrection and interment since his death in 1946. Keynes was more open-minded about capitalism than is commonly believed, and his nuanced views offer an alternative to the polarized rhetoric evoked by the word “capitalism” today.