Keynes, Money and the Open Economy is the first of three volumes celebrating Paul Davidson's path-breaking achievements and his seminal role in the foundation and development of post Keynesian economics.
The book presents state-of-the-art contributions by leading economists which draw on Davidson's pioneering work in the fields of macroeconomic and monetary theory and policy, employment and income distribution, history of economic thought, methodology and international economics.
Edited by Philip Arestis, University Director of Research, Cambridge Centre for Economic and Public Policy, Department of Land Economy, University of Cambridge and Fellow, Wolfson College, UK
Contents: Introduction (P. Arestis) 1. The General Theory of Employment, Interest and Money: Three Views (G.C. Harcourt, C. Sardoni) 2. Keynes, Einstein and Scientific Revolution (J.K. Galbraith) 3. AS/AD, AE/AP, IS/LM and Z (D. Colander) 4. Keynes's Philosophy and Post Keynesian Monetary Theory (S.C. Dow) 5. Money, Finance and Interest Rates: Some Post Keynesian Reflections (M. Sawyer) 6. Paul Davidson's Rediscovery of Keynes's Finance Motive and the Liquidity Preference Versus Loanable Funds Debate (F.J. Cardim de Carvalho) 7. Money as a `Time Machine' in the New Financial World (G.A. Dymski) 8. Endogenous Money and the `State of Trade' (P. Howells) 9. Davidson on the Labour Market in a Monetary Production Economy (J. Deprez) 10. European Monetary Integration: A Post Keynesian Critique and Some Proposals (P. Arestis, M. Sawyer) 11. International Trade and the Real World (R.A. Blecker), Paul Davidson: A Bibliography Index