Money and Employment

The first volume in a series of collected writings by Paul Davidson, this book covers such areas as money, finance, Keynes, monetarism and macroeconomic employment. The collected writings are also available as a complete set.

Inhalt
Part 1 Money: Keynes' finance motive; the importance of the demand for finance; money, portfolio balance, capital accumulation and economic growth; the demand and supply of securities and economic growth and its implications for the Kaldor-Pasinetti versus Samuelson-Modigliani controversy; the role of monetary policy in overall economic policy; discussion paper - money in Britain; money and the real world; a Keynesian view of Friedman's theoretical framework for monetary analysis; money as cause and effect; theory of monetary policy under wage inflation; discussion of papers on the Keynesian model; money and general equilibrium; why money matters - some lessons of the past half century of monetary theory; rejoinder to V.Kerry Smith; is monetary collapse in the eighties in the cards?; Keynes' paradigm - a theoretical framework for monetary analysis; post Keynesian economics; a criticial analysis of monetarist rational expectations - supply-side (incentive) economics approach to accumulation during a period of inflationary expectations; monetarism and Reagonomics; why deficits hardly matter; financial markets and Williamson's theory of governance - efficiency vs concentration vs power; can we afford to balance the budget?; a post Keynesian view of theories and causes of high real interest rates; finance, funding, savings and investment; endogenous money; Keynes and money; macroeconomic policy and the twin deficits. Part 2 Macroeconomic employment: Rolph on the aggregate effects of a general excise tax; Wells on excise tax incidence in an imperfectly competitive economy; income and employment multipliers and the price level; more on the aggregate supply function; the aggregate supply function; Modigliani on the interaction of monetary and real phenomena; disequilibrium market adjustment - Marshall revisited; disequilibrium market adjustment - Marshall revisited - rejoinder; a Keynesian view of Patinkin's theory of employment; a Keynesian view of Patinkin's theory of employment - a rejoinder; Patinkin's interpretation of Keynes and the Keynesian cross; the dual-faceted nature of the Keynesian revolution - money and money wages in unemployment and production flow prices; on Bronfenabrenner and mainstream views of the essential properties of money - a reply; the dubious labour market analysis in Meltzer's restatement of Keynes' theory; the marginal product curve is not the demand curve for labour and Lucas' labour supply function is not the supply curve for labour; reviving Keynes' revolution; Sidney Weintraub - an economist of the real world; liquidity and not increasing returns is the ultimate source of unemployment equilibrium; the simple macroeconomics of a nonergodic monetary economy vs a share economy - is Weitzman's macroeconomics too simple?; financial markets, investment and employment.