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Liquidity Proposals for a New Bretton Woods Plan

  • Paul Davidson
Part of the Keynesian Studies book series (KST)

Abstract

A Former President of the United States, Richard Nixon, said two interesting things about US economic policy: ‘We are all Keynesians now’ and ‘Watch what we do, not what we say’. Somewhat facetiously, I can suggest, as one who watches the Reagan Administration’s policies, that the current Administration in Washington has unconsciously acted in part as if it had learned an important tenet of Keynes’s theory of how government should behave at less than full employment.

Keywords

Banking System Trading Partner Full Employment Trade Deficit Efficiency Wage 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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References

  1. Davidson, P. Money and the Real World (London, Macmillan, 1982).Google Scholar
  2. Davidson, P. ‘Rational Expectations: A Fallaceous Foundation for Study Crucial Decision Making Processes’, Journal of Post Keynesian Economics, 5, Winter 1982–3, pp 182–98.CrossRefGoogle Scholar
  3. Solomon, A. M. ‘Some General and Some Summit-Oriented Comments on International Cooperation’, Speech to the International Center for Monetary and Banking Studies, 8 April 1983, Geneva, Switzerland.Google Scholar

Copyright information

© Association pour le Développement des Etudes Keynésiennes 1990

Authors and Affiliations

  • Paul Davidson

There are no affiliations available

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