Interpreting Keynes for the 21st Century Volume 4: The Collected Wri
The 4th volume of Davidson's major contributions to the economics and policy debates of our times, this book contains articles, newspaper columns and papers that explain why Keynes's General Theory , as developed by Post Keynesian theorists, provides impo
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Also by Paul Davidson JOHN MAYNARD KEYNES FINANCIAL MARKETS, MONEY AND THE REAL WORLD POST KEYNESIAN MACROECONOMIC THEORY: A Foundation for Successful Economic Policy in the Twenty-First Century CONTROVERSIES IN POST KEYNESIAN ECONOMICS ECONOMICS FOR A CIVILIZED SOCIETY (with Greg Davidson) INTERNATIONAL MONEY AND THE REAL WORLD MONEY AND THE REAL WORLD THE DEMAND AND SUPPLY FOR OUTDOOR RECREATION: An Econometric Analysis (with Charles J. Cicchetti and Joseph J. Seneca) AGGREGATE SUPPLY AND DEMAND ANALYSIS (with E. Smolensky) THEORIES OF AGGREGATE INCOME DISTRIBUTION
Interpreting Keynes for the 21st Century Volume 4: The Collected Writings of Paul Davidson Paul Davidson
palgrave
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© Paul Davidson 2007
Softcover reprint of the hardcover 1st edition 2007 978-0-230-52090-5 All rights reserved. No reproduction, copy or transmission of this publication may be made without written permission. No paragraph of this publication may be reproduced, copied or transmitted save with written permission or in accordance with the provisions of the Copyright, Designs and Patents Act 1988, or under the terms of any licence permitting limited copying issued by the Copyright Licensing Agency, 90 Tottenham Court Road, London WlT 4LP. Any person who does any unauthorised act in relation to this publication may be liable to criminal prosecution and civil claims for damages. The author has asserted his right to be identified as the author of this work in accordance with the Copyright, Designs and Patents Act 1988. First published 2007 by PALGRAVE MACMILLAN Houndmills, Basingstoke, Hampshire RG21 6XS and 175 Fifth Avenue, New York, N.Y. 10010 Companies and representatives throughout the world PALGRAVE MACMILLAN is the global academic imprint of the Palgrave Macmillan division of St. Martin's Press, LLC and of Palgrave Macmillan Ltd. Macmillan® is a registered trademark in the United States, United Kingdom and other countries. Palgrave is a registered trademark in the European Union and other countries. ISBN 978-1-349-35594-5
ISBN 978-0-230-28655-9 (eBook)
DOI 10.1057/9780230286559 This book is printed on paper suitable for recycling and made from fully managed and sustained forest sources. Logging, pulping and manufacturing processes are expected to conform to the environmental regulations of the country of origin. A catalogue record for this book is available from the British Library. A catalog record for this book is available from the Library of Congress. 10 16
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To Louise: Without whose continued support and encouragement I could not have written this book.
Contents List of Tables and Figures
ix
Acknowledgments
x
Part I International Economics Chapter 1
Chapter 2
Is a Plumber or a New Financial Architect Needed to End Global International Liquidity Problems?
3
Capital Movements, Tobin Tax, and Permanent Fire Prevention: A Response to DeAngelis
28
Chapter 3
Globalization
37
Chapter 4
The Future of the International Finan
