Method, Theory and Policy in Keynes: Essays in Honour of Paul Davidson Volume Three

Product Description This book is the third and final volume of essays celebrating the work and lifetime contribution of Paul Davidson to economics, specifically the development of post Keynesian Economics.The outstanding group of international economists examine areas in which Paul Davidson has an interest, or has made significant contributions. They explore international macroeconomic issues such as consumption and investment, wage and price flexibility, sticky prices and aggregate production, and financial liberalization. Other contributions discuss economic rhetoric and post Keynesian methodological issues while the final part of the book turns to real problems such as the politics and economics of the European Union, the stabilization of the international oil market and realities of financial liberalization. Review 'The editor has skillfully included the discussion of policy issues in a manner that the reader is allowed to discuss the topical issues from the point of view of different perspectives on the basis of their respective methodological foundations. The book is a methodologist's delight, and at the same time the focus is on understanding methodological foundations, which is tantamount to understanding crucial dimensions of economic processes.' -- Satya Prasad, Kyklos About the Author 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