Financial Markets, Money and the Real World

1.04M 276页　英文

To Louise In grateful appreciation of a wonderfully productive relationship for more than a half-century

Paul Davidson Editor of the Journal of Post Keynesian Economics and Professor Emeritus at the University of Tennessee, USA © Paul Davidson 2002

Contents
List of figures and tables ix
1. Keynes, you should be alive today! 1
1.1 Postwar economic performance
1.2 Keynes’s revolution
1.3 The academic resurrection of classical economics
1.4 Differing views on the role of financial markets
1.5 Five key points
1.6 Keynes, the poet of money
1.7 A brief outline of this monograph
2. Keynes’s principle of effective demand 17
2.1 Is lack of competition the fundamental cause of
unemployment? Liquidity versus Say’s Law
2.2 Say’s Law
2.3 Classification and the principle of effective demand
2.4 Why flexible wages do not assure full employment
2.5 Some further clarifications
Appendix 2A1 A simple illustration of the principle of
effective demand
Appendix 2A2 Deriving Keynes’s aggregate supply and
demand analysis from Marshallian micro
demand and supply functions
3. Uncertainty and reality in economic models 39
3.1 A parable: the fable of the P’s, or what mortals these
P’s fool!
3.2 Axioms and model building
3.3 Classical axioms and money’s elasticity properties
3.4 Two concepts of economic reality
3.5 A brief excursion into the history of economic
thought
3.6 Uncertainty and ergodic stochastic processes
3.7 Immutable versus transmutable theories of reality
3.8 Uncertainty and ‘irrational’ behavior
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