Uncertainty, international money, employment and theory

Uncertainty, international money, employment ...
Davidson, Paul, Davidson, Paul
Locate

My Reading Lists:

Create a new list


Buy this book

Last edited by MARC Bot
July 18, 2024 | History

Uncertainty, international money, employment and theory

"This volume reprints articles explaining why differing presumptions about the nature of uncertainty lead economists to differing policy prescriptions. Orthodox theory presumes probabilistic risk is synonymous with uncertainty. Consequently, self-interested agents can reliably predict the future by statistically analyzing market data. This results in a laissez-faire philosophy where government cannot improve the outcome of the decisions of individuals. Alternatively, Keynes presumed the future was not predictable from existing data and therefore there was a role for government to protect its citizens from potential difficulties resulting from unfettered market activities." "The relationship between Keynes's uncertainty concept, international financial markets and global unemployment is then analyzed. Problems such as volatile financial markets, for example the Asian contagion, are analyzed and solutions that differ from orthodox policies are developed. Finally differences between Old, New and Post Keynesians, all vying for Keynes's mantle, are explored. Book jacket."--BOOK JACKET.

Publish Date
Publisher
St. Martin's Press
Language
English
Pages
466

Buy this book

Edition Availability
Cover of: Uncertainty, international money, employment and theory
Uncertainty, international money, employment and theory
1999, St. Martin's Press
in English

Add another edition?

Book Details


Edition Notes

Includes bibliographical references and index

Published in
New York
Series
The collected writings of Paul Davidson -- vol. 3

Classifications

Library of Congress
HB119.D37 A25 1991 vol. 3

The Physical Object

Pagination
xiv, 466 p. :
Number of pages
466

Edition Identifiers

Open Library
OL16951465M
ISBN 10
0312221916
OCLC/WorldCat
42874278
Goodreads
729425

Work Identifiers

Work ID
OL3949175W

Community Reviews (0)

No community reviews have been submitted for this work.

Lists

Download catalog record: RDF / JSON