Background
Davidson, Paul was born on October 23, 1930 in New York City. Son of Charles and Lillian (Janow) Davidson.
(This revised edition explains why orthodox economic polic...)
This revised edition explains why orthodox economic policies have often failed to achieve their objectives and if they work they do so only by inflicting high costs on society. The civilized policies developed in this volume, on the other hand, can achieve society's goals while enhancing the many benefits of an entrepreneurial economy.
http://www.amazon.com/gp/product/0312079397/?tag=2022091-20
(This collection includes translated works by Japanese wom...)
This collection includes translated works by Japanese women writers that deal with the experiences of modern women. The work of these women represents current feminist perception, imagination and thought.
http://www.amazon.com/gp/product/1563248948/?tag=2022091-20
(While grappling with the issues, the Davidsons explain wh...)
While grappling with the issues, the Davidsons explain why we must moderate our reliance on self-interest as the motivating force of economics. Adherence to "civic values," as the Davidsons show, is the surest method for treating economic ills without inflicting barbaric costs on society.
http://www.amazon.com/gp/product/0393026531/?tag=2022091-20
(Controversies in post Keynesian economics proves that it ...)
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 neo-classical 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.
http://www.amazon.com/gp/product/1852783753/?tag=2022091-20
(In this updated and revised edition of Post Keynesian Mac...)
In this updated and revised edition of Post Keynesian Macroeconomic Theory, Paul Davidson explains how and why contemporary macroeconomic textbooks fail to incorporate Keynes's liquidity and financial analysis framework to explain the importance of money and financial markets in the real world of experience. This important text develops Keynes's analytical framework for both closed and open economies and provides policy guidance for the global economy of the twenty-first century. In particular, it deals with problems such as inflation, financial contagion, global unemployment, outsourcing, trade patterns, and developing an international financial system that encourages expansionary growth among all trading partners while avoiding sovereign debt problems. Using this textbook in macroeconomics courses will provide students with a pragmatic insight that will be both useful and productive. Contents: 1. The Background for Keynes's Revolution; 2. The Essential Difference between the General Theory and the Classical System; 3. Taxonomy, Axioms, and Expenditures Related to Income: Keynes's D1 Category; 4. Investment Spending; 5. Government and the Level of Output; 6. Delving Further into the Relationship between Money, Liquidity and Uncertainty; 7. Liquidity Preference - the Basis of Keynes's Revolution; 8. The Finance Motive and the Interdependence of the Real and Monetary Sectors; 9. Financial Markets, Fast Exits and Great Depressions and Recessions; 10. Inflation: Causes and Cures; 11. Keynes's Aggregate Supply and Demand Analysis; 12. The Demand and Supply of Labour; 13. Money in an International Setting; 14. Trade Imbalances and International Payments; 15. International Liquidity and Exchange Rate Stability; 16. Financing the Wealth of Nations; 17. Export-Led Growth and a Proposal for an International Payments Scheme; 18. Epilogue: Truth in Labelling and Economic Textbooks
http://www.amazon.com/gp/product/1849809801/?tag=2022091-20
(In Financial Markets, Money and the Real World Professor ...)
In Financial Markets, Money and the Real World Professor Davidson lucidly and persuasively sums up his major insights into the working of non-ergodic (uncertain) economic systems. It is essential reading for those who wish to understand why financial markets have become so volatile and are puzzled to know what to do about it. It is refreshing to read an author who writes so much in the spirit of Keynes and who is able and willing to develop Keynes s ideas creatively and apply them imaginatively to the understanding and management of today s globalized economy. Lord Skidelsky, University of Warwick, UK This book should be a classic in economics. Paul Davidson combines dazzling clarity and a passion for economic truth and common sense in illuminating the dark thickets surrounding today s free enterprise system. Professional economists and concerned citizens should both pay heed to this fine book. Peter L. Bernstein, Peter L. Bernstein Inc., US Professor Paul Davidson has long been a major avenue to the economic reality and the controlling economic ideas, especially those that have come into professional discussion with and since John Maynard Keynes. This is a major contribution, deserving the close attention of economists and all who seek accomplished economic guidance. I strongly recommend it. John Kenneth Galbraith, Harvard University, US Paul Davidson investigates why the 1990s was a decade of financial crises that almost precipitated a global market crash. He explores the reasons why the global economy still struggles with the aftermath of these crises and discusses the possibility that volatile financial markets in the future will have real impacts on whole industries and national economic systems. The author highlights the central role that domestic and international financial markets play in determining the economic growth rate, unemployment rate and international payments position of capitalist economies. He explains why the primary function of financial markets is to create liquidity and demonstrates that a liquid market cannot be efficient, and an efficient market cannot be liquid. He also proves that preventing liquidity problems from developing in national and international financial markets is the key element in fostering prosperity. Statistical evidence and theoretical analysis are combined to demonstrate why orthodox prescriptions for liberalizing labor, product, and capital markets are the wrong policies for promoting a civilized society in the 21st century. Professional economists, financial reporters, government policy makers, those working in international economic organizations such as the IMF, the World Bank and the WTO, and concerned citizens will all benefit greatly from reading this highly acclaimed book.
http://www.amazon.com/gp/product/1843764849/?tag=2022091-20
( Today's financial crisis has led to a widespread lack o...)
Today's financial crisis has led to a widespread lack of confidence in the laissez faire style of economic policy. In The Keynes Solution author Paul Davidson provides insights into how we got into the crisis--but more importantly how to use Keynes economic philosophy to get out of this mess. John Maynard Keynes was committed to making the market economy work--but our current system has been a dismal failure. Keynes advocated for an interventionalist government role, in cooperation with private initiative, to mitigate the adverse effects of recessions, depressions and booms. 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. In this book Keynesian expert Davidson makes recommendations and details plans for spending, monetary policy, financial market rules and regulation, and wages--all to reverse the effects of our past policies. Keynes renewed influence can be seen everywhere: in Barack Obama's planned stimulus package, for example--and this book explains the basic tenet of Keynesian economics as well as applied solutions to today's critical situation.
http://www.amazon.com/gp/product/0230619207/?tag=2022091-20
(An introduction to Japanese history and culture. This fou...)
An introduction to Japanese history and culture. This fourth edition includes expanded sections on numerous topics, among which are samurai values, Zen Buddhism, the tea ceremony, Confucianism in the Tokugawa period, the story of the 47 ronin, and mass culture in contemporary times.
http://www.amazon.com/gp/product/0824821521/?tag=2022091-20
( "A tour de force. If you read this book, you'll never l...)
"A tour de force. If you read this book, you'll never look at other people in quite the same way again."--Malcolm Gladwell Renowned psychologist Paul Ekman explains the roots of our emotions--anger, fear, disgust, sadness, and happiness--and shows how they cascade across our faces, providing clear signals to those who can identify the clues. As featured in Malcolm Gladwell's bestseller Blink, Ekman's Facial Action Coding System offers intense training in recognizing feelings in spouses, children, colleagues, even strangers on the street. In Emotions Revealed, Ekman distills decades of research into a practical, mind-opening, and life-changing guide to reading the emotions of those around us. He answers such questions as: How does our body signal to others whether we are slightly sad or anguished, peeved or enraged? Can we learn to distinguish between a polite smile and the genuine thing? Can we ever truly control our emotions? Packed with unique exercises and photographs, and a new chapter on emotions and lying that encompasses security and terrorism as well as gut decisions, Emotions Revealed is an indispensable resource for navigating our emotional world.
http://www.amazon.com/gp/product/0805083391/?tag=2022091-20
( "A tour de force. If you read this book, you'll never l...)
"A tour de force. If you read this book, you'll never look at other people in quite the same way again."--Malcolm Gladwell Renowned psychologist Paul Ekman explains the roots of our emotions--anger, fear, disgust, sadness, and happiness--and shows how they cascade across our faces, providing clear signals to those who can identify the clues. As featured in Malcolm Gladwell's bestseller Blink, Ekman's Facial Action Coding System offers intense training in recognizing feelings in spouses, children, colleagues, even strangers on the street. In Emotions Revealed, Ekman distills decades of research into a practical, mind-opening, and life-changing guide to reading the emotions of those around us. He answers such questions as: How does our body signal to others whether we are slightly sad or anguished, peeved or enraged? Can we learn to distinguish between a polite smile and the genuine thing? Can we ever truly control our emotions? Packed with unique exercises and photographs, and a new chapter on emotions and lying that encompasses security and terrorism as well as gut decisions, Emotions Revealed is an indispensable resource for navigating our emotional world.
http://www.amazon.com/gp/product/0805083391/?tag=2022091-20
( "A tour de force. If you read this book, you'll never l...)
"A tour de force. If you read this book, you'll never look at other people in quite the same way again."--Malcolm Gladwell Renowned psychologist Paul Ekman explains the roots of our emotions--anger, fear, disgust, sadness, and happiness--and shows how they cascade across our faces, providing clear signals to those who can identify the clues. As featured in Malcolm Gladwell's bestseller Blink, Ekman's Facial Action Coding System offers intense training in recognizing feelings in spouses, children, colleagues, even strangers on the street. In Emotions Revealed, Ekman distills decades of research into a practical, mind-opening, and life-changing guide to reading the emotions of those around us. He answers such questions as: How does our body signal to others whether we are slightly sad or anguished, peeved or enraged? Can we learn to distinguish between a polite smile and the genuine thing? Can we ever truly control our emotions? Packed with unique exercises and photographs, and a new chapter on emotions and lying that encompasses security and terrorism as well as gut decisions, Emotions Revealed is an indispensable resource for navigating our emotional world.
http://www.amazon.com/gp/product/0805083391/?tag=2022091-20
Davidson, Paul was born on October 23, 1930 in New York City. Son of Charles and Lillian (Janow) Davidson.
Bachelor of Science Brooklyn College, New York, 1950. Master of Business Administration City University New York, 1955. Doctor of Philosophy University Pennsylvania, 1959.
With University Pennsylvania, Philadelphia, 1951-1952, assistant professor, 1961—1966, associate professor economics, 1958—1960. Assistant professor Rutgers University, 1958-1960, professor economics, associate director bureau economic research, 1966-1986, associate professor economic, chair deputy economics and allied science bureau economic research, 1975-1978. J.F. Holly chair of excellence in political economy University Tennessee, Knoxville, 1987—2001.
Visiting scholar New School for Social Research, since 2004. Visiting lecturer University Bristol, England, 1964-1965. Senior visitor Cambridge (England) University, 1970-1971.
Visiting professor Institute for Advanced Studies, Vienna, 1980, 84, University Strasburg, France, 1986. Professor International Summer School, Centro di Studi Economici Avanzati, Trieste, 1980-1989. George Miller distinguished lecturer University Illinois, Urbana, 1972.
Bernardin distinguished visiting lecturer University Missouri, 1979. With United States Army, 1953-1955.
(In this updated and revised edition of Post Keynesian Mac...)
(In Financial Markets, Money and the Real World Professor ...)
(This revised edition explains why orthodox economic polic...)
(Controversies in post Keynesian economics proves that it ...)
(While grappling with the issues, the Davidsons explain wh...)
(This collection includes translated works by Japanese wom...)
( Today's financial crisis has led to a widespread lack o...)
(The Keynes Solution: The Path to Global Economic Prosperi...)
(An introduction to Japanese history and culture. This fou...)
( "A tour de force. If you read this book, you'll never l...)
( "A tour de force. If you read this book, you'll never l...)
( "A tour de force. If you read this book, you'll never l...)
(Revised)
Author: Theories of Aggregate Income Distribution, 1960, Aggregate Supply and Demand Analysis, 1966, The Demand and Supply of Outdoor Recreation, 1969, Money and the Real World, 1972, second edition, 1980, Milton Friedman's Monetary Theory: A Debate with his Critics, 1974, Japanese edition, 1978, International Money and the Real World, 1982, second edition, 1991, Economics for a Civilized Society, 1988, second edition, 1996, Controversies in Post Keynesian Economics, 1991, Post Keynesian Macroeconomic Theory, 1994, Financial Markets, Money and The Real World, 2002, John Marnard Keynes: Great Thinker in Economics, 2007, The Keynes Solution, 2009. Contributor numerous articles to professional journals.
Early work was on income distribution and its relationship to the development of macroeconomic analytical thought from Ricardo and Marx, through the neoclassical revolution, to Keynes and eminent Post-Keynesians such as Boulding, Kaldor, J. Robinson and Weintraub. While working for an international oil company in the 1960s, I developed a second area of expertise in natural resource economics — oil and water resource use. With the collaboration of my graduate students (J. J. Seneca and C. Cicchetti), we did a landmark econometric analysis of the ‘Demand and Supply of Outdoor Recreation’ for over twenty specific recreational activities.
This second area of expertise led to a further comprehension of real world micro-demand and supply analysis in which government rules, regulation and tax laws have an impact. In this area I developed (with the aid of Seneca and Cicchetti) the first econometric crosssectional analysis of the demand for communication in which various cross elasticities were estimated (see my testimony, Federal Communications Commission, Docket No. 16258, 1968). I have developed the concepts and analysis of aggregate supply and aggregate demand, money, finance and liquidity, nonergodic analysis, the role of finance and financial markets, the use of spot and forward markets for organising production activities in an nonergodic environment.
These concepts are essential for analysing inflation and unemployment phenomena. I have also developed the concepts of user costs and the importance of economics and monopoly rents to analyse the economics of natural resources.
My most recent contribution has been in highlighting why those axioms underlying mainstream neoclassical economics — e.g. (1) the growth substitution axiom, (2) the axiom of reals and (3) the ergodic world axiom — are not applicable to any economic system where contracts are made in the form of money (hence all existence proofs are jeopardised) and where the future is uncertain in a nonergodic sense.
In other words, I have developed a logical model which, unlike mainstream macro-theory, is applicable to the real world in which we happen to live.
Married Louise Tattenbaum, December 27, 1952. Children: Robert Alan, Diane Carole, Greg Stuart.