by This is an excellent recent interview with Paul Davidson, one of the most important Post Keynesian economists of our time:[embedded content]His new book is Paul Davidson, Post Keynesian Theory and Policy: A Realistic Analysis of the Market Oriented Capitalist Economy, Edward Elgar Publishing, Cheltenham, UK, 2015.Here is a quick bibliography of Paul Davidson’s work:Davidson, Paul. 1972. Money and the Real World. Macmillan, London.Davidson, Paul and Sidney Weintraub. 1973. “Money as Cause and Effect,” The Economic Journal 83.332: 1117–1132. Davidson, Paul. 1978. “Why Money Matters: Lessons from a Half-Century of Monetary Theory,” Journal of Post Keynesian Economics 1.1: 46–70.Davidson, Paul. 1978. Money and the Real World (2nd edn.). Macmillan, London.Davidson, Paul. 1980. “The Dual-Faceted Nature of the Keynesian Revolution: Money and Money Wages in Unemployment and Production Flow Prices,” Journal of Post Keynesian Economics 2.3: 291–307.Davidson, Paul. 1982–1983. “Rational Expectations: A Fallacious Foundation for Studying Crucial Decision Making Processes,” Journal of Post Keynesian Economics 5.2: 182–198.Davidson, Paul. 1983. “The Marginal Product Curve is not the Demand Curve for Labor and Lucas’s Labor Supply Function is not the Supply Curve for Labor in the Real World,” Journal of Post Keynesian Economics 6.1: 105–117.Davidson, Paul. 1984.
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His new book is Paul Davidson, Post Keynesian Theory and Policy: A Realistic Analysis of the Market Oriented Capitalist Economy, Edward Elgar Publishing, Cheltenham, UK, 2015.
Here is a quick bibliography of Paul Davidson’s work:
Davidson, Paul. 1972. Money and the Real World. Macmillan, London.Davidson, Paul and Sidney Weintraub. 1973. “Money as Cause and Effect,” The Economic Journal 83.332: 1117–1132.
Davidson, Paul. 1978. “Why Money Matters: Lessons from a Half-Century of Monetary Theory,” Journal of Post Keynesian Economics 1.1: 46–70.
Davidson, Paul. 1978. Money and the Real World (2nd edn.). Macmillan, London.
Davidson, Paul. 1980. “The Dual-Faceted Nature of the Keynesian Revolution: Money and Money Wages in Unemployment and Production Flow Prices,” Journal of Post Keynesian Economics 2.3: 291–307.
Davidson, Paul. 1982–1983. “Rational Expectations: A Fallacious Foundation for Studying Crucial Decision Making Processes,” Journal of Post Keynesian Economics 5.2: 182–198.
Davidson, Paul. 1983. “The Marginal Product Curve is not the Demand Curve for Labor and Lucas’s Labor Supply Function is not the Supply Curve for Labor in the Real World,” Journal of Post Keynesian Economics 6.1: 105–117.
Davidson, Paul. 1984. “Reviving Keynes’s Revolution,” Journal of Post Keynesian Economics 6.4: 561–575.
Davidson, Paul. 1985. “Sidney Weintraub: An Economist of the Real World,” Journal of Post Keynesian Economics 7.4: 533–539.
Davidson, Paul. 1985. “Can Effective Demand and the Movement toward Further Income Equality be maintained in the Face of Robotics? An Introduction,” Journal of Post Keynesian Economics 7.3: 422–425.
Davidson, Paul. 1985. “Liquidity and not increasing Returns is the Ultimate Source of Unemployment Equilibrium,” Journal of Post Keynesian Economics 7.3: 373–384.
Davidson, Paul. 1986. “Finance, Funding, Saving, and Investment,” Journal of Post Keynesian Economics 9.1: 101–110.
Davidson, Paul. 1986–1987. “The Simple Macroeconomics of a Nonergodic Monetary Economy versus a Share Economy: Is Weitzman's Macroeconomics too Simple?,” Journal of Post Keynesian Economics 9.2: 212–225.
Davidson, Paul. 1987–1988. “A Modest Set of Proposals for Resolving the International Debt Problem,” Journal of Post Keynesian Economics 10.2: 323–338.
Davidson, Paul. 1987. “Sensible Expectations and the Long-Run Non-Neutrality of Money,” Journal of Post Keynesian Economics 10.1: 146–153.
Davidson, Paul. 1988. “A Technical Definition of Uncertainty and the Long Run Non-Neutrality of Money,” Cambridge Journal of Economics 12: 329–337.
Davidson, Paul. 1989. “The Economics of Ignorance or Ignorance of Economics?,” Critical Review 3.3/4: 467–487.
Davidson, Paul. 1990. The Collected Writings of Paul Davidson. Vol. 1. Money and Employment (ed. Louise Davidson). Macmillan, London.
Davidson, Paul. 1990–1991. “A Post Keynesian Positive Contribution to ‘Theory,’” Journal of Post Keynesian Economics 13.2: 298–303.
Davidson, Paul. 1991. “Is Probability Theory Relevant for Uncertainty? A Post Keynesian Perspective,” Journal of Economic Perspectives 5.1: 129–143.
Davidson, Paul. 1992. “Would Keynes be a New Keynesian?,” Eastern Economic Journal 18.4: 449–463.
Davidson, Paul. 1992–1993. “Reforming the World’s Money,” Journal of Post Keynesian Economics 15.2: 153–179.
Davidson, Paul. 1993. “The Elephant and the Butterfly: Or Hysteresis and Post Keynesian Economics,” Journal of Post Keynesian Economics 15.3: 309–322.
Davidson, Paul. (ed.). 1993. Can the Free Market Pick Winners?: What Determines Investment. M.E. Sharpe, Armonk, N.Y.
Davidson, Paul. 1993. “Austrians and Post Keynesians on Economic Reality: Rejoinder to Critics,” Critical Review 7.2/3: 423–444.
Davidson, Paul. 1994. Post Keynesian Macroeconomic Theory: Foundation for Successful Economic Policies for the Twenty-First Century. Edward Elgar Publishing, Aldershot.
Davidson, Paul. 1996. “Reality and Economic Theory,” Journal of Post Keynesian Economics 18.4: 479–508.
Davidson, Paul. 1996. “What Revolution? The Legacy of Keynes,” Journal of Post Keynesian Economics 19.1: 47–60.
Davidson, Paul. 1997. “Are Grains of Sand in the Wheels of International Finance Sufficient to do the job when Boulders are often Required?,” The Economic Journal 107.442: 672–686.
Davidson, Paul. 1999. “Keynes’ Principle of Effective Demand versus the Bedlam of the New Keynesians,” Journal of Post Keynesian Economics 21.4: 571–588.
Davidson, Paul. 1999. The Collected Writings of Paul Davidson. Vol. 3. Uncertainty, International Money, Employment and Theory (ed. Louise Davidson). Macmillan, London.
Davidson, Paul. 1999–2000. “Capital Movements, Tobin Tax, and Permanent Fire Prevention: A Response to De Angelis,” Journal of Post Keynesian Economics 22.2: 197–206.
Davidson, Paul. 2000. “There are Major Differences between Kalecki’s Theory of Employment and Keynes’s General Theory of Employment Interest and Money,” Journal of Post Keynesian Economics 23.1: 3–25.
Davidson, Paul. 2001. “The Principle of Effective Demand: Another View,” Journal of Post Keynesian Economics 23.3: 391–409.
Davidson, Paul. 2002. “Globalization,” Journal of Post Keynesian Economics 24.3: 475–492.
Davidson, Paul. 2002. Financial Markets, Money, and the Real World. Edward Elgar, Cheltenham, UK.
Davidson, Paul. 2002. “Keynes versus Kalecki: Responses to López and Kriesler,” Journal of Post Keynesian Economics 24.4: 631–641.
Davidson, Paul (ed.). 2002. A Post Keynesian Perspective on Twenty-First Century Economic Problems. Edward Elgar, Cheltenham.
Davidson, Paul. 2003. “Is ‘Mathematical Science’ An Oxymoron when used to describe Economics? Is ‘Mathematical Science’ an Oxymoron when used to Describe Economics?,” Journal of Post Keynesian Economics 25.4: 527–545.
Davidson, Paul. 2003–2004. “Setting the Record Straight on ‘A History of Post Keynesian Economics,’” Journal of Post Keynesian Economics 26.2 245–272.
Davidson, Paul. 2004. “Uncertainty and Monetary Policy,” in P. Mooslechner, H. Schuberth, M. Schürz (eds), Economic Policy under Uncertainty: The Role of Truth and Accountability in Policy Advice. Edward Elgar, Cheltenham, UK and Northampton, MA.
Davidson, Paul. 2004. “The Future of the International Financial System,” Journal of Post Keynesian Economics 26.4: 591–605.
Davidson, Paul. 2004–2005. “A Post Keynesian View of the Washington Consensus and How to improve it,” Journal of Post Keynesian Economics 27.2: 207–230.
Davidson, Paul. 2005. “Galbraith and the Post Keynesians,” Journal of Post Keynesian Economics 28.1: 103–113.
Davidson, Paul. 2005. “Galbraith and the Post Keynesians,” Journal of Post Keynesian Economics 28.1: 103–113.
Davidson, Paul. 2005. “Responses to Lavoie, King, and Dow on what Post Keynesianism is and who is a Post Keynesian,” Journal of Post Keynesian Economics 27.3: 393–408.
Davidson, Paul. 2006. “The Declining Dollar, Global Economic Growth, and Macro Stability,” Journal of Post Keynesian Economics 28.3: 473–493.
Davidson, Paul. 2006. “Can, or Should, a Central Bank Inflation Target?,” Journal of Post Keynesian Economics 28.4: 689–703.
Davidson, Paul. 2008. “Is the Current Financial Distress caused by the Subprime Mortgage Crisis a Minsky Moment? Or is it the Result of Attempting to securitize Illiquid Noncommercial Mortgage Loans?,” Journal of Post Keynesian Economics 30.4: 669–676.
Davidson, Paul. 2008. “Crude Oil Prices: ‘Market Fundamentals’ or Speculation,” Challenge 51.4: 110–118.
Davidson, Paul. 2009. The Keynes Solution: The Path to Global Economic Prosperity (1st edn). Palgrave Macmillan, New York and Basingstoke.
Davidson, Paul. 2009. John Maynard Keynes (rev. edn.). Palgrave Macmillan, Basingstoke.
Davidson, Paul. 2009. “Reforming the World’s International Money,”
http://www.i-r-e.org/fiche-analyse-183_en.htmlDavidson, Paul. 2008. “Reforming the World’s International Money,” Real-World Economics Review 48 (December 6): 293–305.
Davidson, Paul. 2010. “Black Swans and Knight’s Epistemological Uncertainty: Are These Concepts also Underlying Behavioral and Post-Walrasian Theory?” Journal of Post Keynesian Economics 32.4: 567–570.
Davidson, Paul. 2011. Post Keynesian Macroeconomic Theory: Foundation for Successful Economic Policies for the Twenty-First Century (2nd edn). Edward Elgar Publishing, Cheltenham.
Davidson, Paul. 2013. “Keynesian Foundations of Post-Keynesian Economics,” in G. C. Harcourt and Peter Kriesler (eds.), The Oxford Handbook of Post-Keynesian Economics. Volume 1: Theory and Origins. Oxford University Press, New York. 122–137.
Davidson, Paul. 2013–2014. “Income Inequality and Hollowing out the Middle Class,” Journal of Post Keynesian Economics 36.2: 381–384.
Davidson, Paul. 2015. Post Keynesian Theory and Policy: A Realistic Analysis of the Market Oriented Capitalist Economy. Edward Elgar Publishing, Cheltenham, UK.
Davidson, Paul. 2015. “Is International Free Trade always Beneficial?,” in Paul Davidson, Post Keynesian Theory and Policy: A Realistic Analysis of the Market Oriented Capitalist Economy. Edward Elgar, Cheltenham, UK. 124–135.
Davidson, Paul. 2015. “What was the Primary Factor encouraging Mainstream Economists to Marginalize Post Keynesian Theory?,” Journal of Post Keynesian Economics 37.3: 369–383.