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Original Title:	The Keynes Solution: The Path to Global Economic Prosperity
ISBN:	0230619207 (ISBN13: 9780230619203)
Edition Language:	English

The Keynes Solution: The Path to Global Economic Prosperity

Paul Davidson

Hardcover | Pages: 208 pages

Rating: 3.66 | 50 Users | 8 Reviews

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Title	:	The Keynes Solution: The Path to Global Economic Prosperity
Author	:	Paul Davidson
Book Format	:	Hardcover
Book Edition	:	Special Edition
Pages	:	Pages: 208 pages
Published	:	September 1st 2009 by St. Martin's Press
Categories	:	Economics. Nonfiction. Politics

Relation Toward Books The Keynes Solution: The Path to Global Economic Prosperity

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 tenet of Keynesian economics as well as applied solutions to today's critical situation.

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Ratings: 3.66 From 50 Users | 8 Reviews

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This little book is a convincing argument that 1) John Maynard Keynes was the smartest economist of the twentieth century, 2) American "Keynesians" like Paul Samuelson profoundly misunderstood Keynes's analysis, 3) the "victory" of the free-market theories of the classical libertarians Friedman and Hayek over the "Keynesians" after the breakdown of Bretton Woods was a victory over inconsistent and misunderstood versions of Keynes's theories, and 4) Keynes's actual analysis provides brilliant

The most important facet of this book that the reader should immediately be aware of is that it is NOT written for the general reader. This fact becomes obvious around the second chapter where Davidson begins dropping complex economic terms like "liquidity analysis". Nevertheless, even if you are completely dumbfounded when it comes to economics, Davidson's arguments are still advantageous to learn and hear-out. I personally found his insights into international trade very enlightening and

Not the best book of Paul Davidson

One Lucid DiamondAmericas seminal economist, Dr. Paul Davidson, has written the clearest vision of money and math mechanics, to date. Not since the 18th centurys true mathematical logicians, De Morgan, Jevons, Clifford, Peirce and Veblen, have scientific ideas of logic, money and math mechanics been laid so clearly before our eyes. Mr. Davidson begins with a simple explanation of a true scientific method, any high school student can easily understand, then exposes the fallacies in relation to

If you're going to write a book on how people have misunderstood Keynes you need to put in your book what Keynes actually said

No longer as fresh on the shelf as it was meant to me and sometimes dumbed down. TKS still is good for some enriching surprises. For instance: according to the author, the general perception of Keynes - arguably the most prominent economist in the last hundred years - is based on misconstruction and misinterpretation. And, while the analysis of the (neo)classical theory, which, again, according to the author, counts as the current wisdom is often insightful, Davidson's/Keynes' prescriptions vary