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9780230101012

Keynes Solution : The Path to Global Economic Prosperity

by
  • ISBN13:

    9780230101012

  • ISBN10:

    0230101011

  • Copyright: 2009-09-01
  • Publisher: Palgrave Macmillan

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Summary

Today's financial crisis has led to a widespread lack of confidence in the laissez faire style of economic policy.#xA0;In The Keynes Solution author Paul Davidson provides insights into how we got into the crisisbut more importantly how to use Keynes economic philosophy to get out of this mess.#xA0;John Maynard Keynes was committed to making the market economy workbut our current system has been a dismal failure.#xA0;Keynes advocated for an interventionalist government#xA0; role, in cooperation with private initiative,#xA0;to mitigate the adverse effects of recessions, depressions and booms.#xA0; 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.#xA0;#xA0;#xA0;#xA0; In this book Keynesian expert Davidson makes recommendations and details plans for spending, monetary policy, financial market#xA0;rules and regulation,#xA0;and wagesall to reverse the effects of our past policies.#xA0;#xA0; Keynes#xA0; renewed influence can be seen everywhere: in Barack Obama's planned stimulus package, for exampleand this book explains the basic tenant of Keynesian economics as well as applied solutions to today's critical situation.

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