© 2017

Who's Afraid of John Maynard Keynes?

Challenging Economic Governance in an Age of Growing Inequality

About this book


This book presents a clear and concise solution to understanding and alleviating today’s global economic challenges in the context of Keynes’ school of thought. Davidson explains the importance of the market economy, and unveils how and why global financial crises occur when the liquidity of financial assets traded in the market, suddenly collapse.

70 years after Keynes’ death, in another era of financial crisis and economic slump, Keynes’ ideas have made a comeback within economic circles. Yet these ideas are not represented in contemporary government policy decisions. This book explains why Keynes’ ideas need to be used by political parties in order to restore global prosperity and close the gap between income and wealth inequality.

This book will is essential reading for researchers, practitioners, students and the wider public interested in an economic understanding of today's global economic problems.


Keynes Economic policies Monetary theory Financial crisis Economic governance Restoring prosperity Inequality of income and wealth Keynes-Post Keynesian economics

Authors and affiliations

  1. 1.Holly Chair of Excellence EmeritusUniversity of Tennessee at KnoxvilleKnoxvilleUSA

About the authors

Professor Paul Davidson is Holly Chair of Excellence in Political Economy, Emeritus, at the University of Tennessee, US.

He founded the Journal of Post Keynesian Economics and. He is also author, co-author, or editor of 22 books including John Maynard Keynes (Palgrave Macmillan, 2007) and The Keynes Solution: The Path to Global Economic Prosperity (Palgrave Macmillan, 2009), as well as over 210 articles. He has testified before 20 congressional committees over the years on various economic questions.


Bibliographic information

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