The Keynes Solution

Author: Paul Davidson
Publisher: St. Martin's Press
ISBN: 9780230101012
Format: PDF, Kindle
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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.

The Keynes solution

Author: Paul Davidson
Publisher: Palgrave MacMillan
ISBN: 9780230619203
Format: PDF, ePub
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An editor of the Journal of Post Keynesian Economics demonstrates how to combine interventionist government practices and private initiatives to counter the adverse effects of recessions, depressions, and booms; providing recommendations for areas ranging from spending to military policy.

Who s Afraid of John Maynard Keynes

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

Culture and Civilization

Author: Irving Louis Horowitz
Publisher: Transaction Publishers
ISBN: 1412813492
Format: PDF, ePub
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Intellectual activity in the twentieth century took place largely under the banner of science and society. As the new millennium develops, it is becoming evident that science and society are not words that represent an unmitigated good, nor for that matter, do they exhaust what is new in the human condition. Past writing on the theme of culture has emphasized the growth and expansion of human capabilities. Recent use of the term "civilization" has placed great emphasis on the fall from grace of human beings. The use of both terms is rapidly changing. Culture and Civilization develops critical ideas intended to produce a positive intellectual climate, one that is prepared to confront threats, and alert us to the opportunities of the twenty-first century. It recognizes that the twenty-first century presents people in all fields and of all faiths with shared challenges. Culture and Civilization embraces the work of novelists, journalists, cultural figures, technologists, physical sciences, historians, and policy personnel who range beyond social science areas. What they have in common is a view that civilization is under assault and that it represents a cause worth advancing and defending. This publication does not embrace idiosyncratic visions of the clash of world civilizations or the end of Western civilization. It does attempt to bring together immediate issues of the century that are substantially new and challenging. We see that the essential polarity between democracy and autocracy has now taken on larger, deeper dimensions in a different political, economic, and ecological terrain: the central issue of our day is now civilization versus barbarism. The character of democratic culture is central to the global equation and the systemic challenge. This publication is a sober response to such a challenge.

Supply Shock

Author: Brian Czech
Publisher: New Society Publishers
ISBN: 1550925261
Format: PDF, ePub
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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
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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.

Prosperity without Growth

Author: Tim Jackson
Publisher: Taylor & Francis
ISBN: 1317388224
Format: PDF, ePub, Docs
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What can prosperity possibly mean in a world of environmental and social limits? The publication of Prosperity without Growth was a landmark in the sustainability debate. Tim Jackson’s piercing challenge to conventional economics openly questioned the most highly prized goal of politicians and economists alike: the continued pursuit of exponential economic growth. Its findings provoked controversy, inspired debate and led to a new wave of research building on its arguments and conclusions. This substantially revised and re-written edition updates those arguments and considerably expands upon them. Jackson demonstrates that building a ‘post-growth’ economy is a precise, definable and meaningful task. Starting from clear first principles, he sets out the dimensions of that task: the nature of enterprise; the quality of our working lives; the structure of investment; and the role of the money supply. He shows how the economy of tomorrow may be transformed in ways that protect employment, facilitate social investment, reduce inequality and deliver both ecological and financial stability. Seven years after it was first published, Prosperity without Growth is no longer a radical narrative whispered by a marginal fringe, but an essential vision of social progress in a post-crisis world. Fulfilling that vision is simply the most urgent task of our times.

Global Keynesianism

Author: Gernot Kohler
Publisher: Nova Publishers
ISBN: 9781590330029
Format: PDF, ePub, Mobi
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Global Keynesianism - Unequal Exchange & Global Exploration

Liberal Tradition from Fox to Keynes

Author: Maurice Shock
Publisher: Ludwig von Mises Institute
ISBN: 1610164091
Format: PDF, ePub
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Long before our time, the word liberal meant: leave society alone to manage itself. In economics, it meant laissez-faire and private property. In government, it meant the rule of law. In civic life, it meant more liberty. Freedom was the watchword, the solution to whatever ailed the social order. Its achievements are chronicled in the pages of this fantastic book, edited by Alan Bullock and Maurice Shock, published first in 1957, in the words of the champions of liberalism in England from the 18th century and forward. Liberalism crushed protectionism. It achieved absolute security of private property, civil liberties for women and Jews, the end of slavery, the establishment of the freedom of association and religion, the end of mercantilism and the institutionalization of free trade, the end of torture and cruelty in penal laws, the hard-core opposition to imperialism, the celebration of the merchant class, the heralding of individualism. Liberalism’s achievements are magnificent and sweeping. Reading through this volume with its orations and declarations, you can feel your heart racing with excitement. The statism of old was being swept away. In the minds of these great figures, there could never be too much liberty. And yet the book also documents the change that began to overtake liberalism in the late 19th century, all resulting from what Hans Hoppe has called the great failing of liberalism: its belief that the state could itself be made liberal, benign, and even part of the structure of society itself. And so you begin to detect a change in the narrative, all based on the myth of the possibility of good government. The first sector to fall is education, as we might expect. Then we have slippage in the area of foreign policy, stemming from the view that the state itself could become the liberator of peoples. World War I then changed everything and liberalism lost its anti-statist core and abandoned laissez-faire in economics. The book ends with Keynes’s famous essay calling for an end to individualism. “Progress lies in the growth and the recognition of semi-autonomous bodies within the State-bodies whose criterion of action within their own field is solely the public good as they understand it.” He is critical of socialism because it is too enamored with the idea of freedom! In any case, despite the ending, this is a wonderful collection with great lessons to teach us today. With its focus on English history, it has much to teach Americans about their own history.

Leveraging

Author: David M. Anderson
Publisher: Springer
ISBN: 3319060945
Format: PDF, Kindle
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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.