Paul Davidson

Paul Davidson is one of America's most prolific academic economists. Editor of the Journal of Post-Keynesian Economics and holder of the Holly chair of Excellence at the University of Tennessee, Professor Davidson has written broadly over thirty years on topics as diverse as income distribution, oil and natural resource use, economietric models, finance and financial markets, inflation, and unemployment. This two volume work contains most of Davidson's professional journal articles, a number of previously unpublished papers, and a sample of his policiy oriented testimonies before Congress, the Federal Communications Commission and bank regulators. The topics addressed in this collection among others are: monetary theory and policy; employment theory; and income distribution and inflation.

Controversies in Post Keynesian Economics proves that it is possible to meet the most exacting scholarly standards while also managing to make economics enjoyable to read. Professor Davidson provides a lucid review of the debates between neoclassical Keynesians, monetarists and post Keynesians. These debates have been rekindled as a result of the revitalisation of the post Keynesian tradition coupled with the failure of the monetarist approach to explain economic developments in the 1980s. He develops this history of the struggle for the minds of economists, as well as explaining in intelligible language, the different roles assigned to money, contracts and the uncertainty of the inflationary process. In conclusion, he discusses which of these theories is likely to be most relevant to the economic problems that will be facing the free world in the 21st century.