Post Keynesian Macroeconomic Theory, Second Edition

Post Keynesian Macroeconomic Theory, Second Edition

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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.By 1929, the Dow Jones average peaked at 381.2, an increase of more than 500 per cent in a little over eight years. ... Just a few days before the stock market crash of October 24, 1929, one of the most eminent classical economists of the time, Professor Irving Fisher of Yale University, told ... One out of every four workers in the United States was unemployed by the time Roosevelt was elected president.

Title:Post Keynesian Macroeconomic Theory, Second Edition
Author: Paul Davidson
Publisher:Edward Elgar Publishing - 2011-01-01

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