This paper explores themes suggested by Paul Davidson's 2007 book iJohn Maynard Keynes./i I argue, first, that rejection of the neutrality of money goes beyond nominal rigidity to explain the possibility of insufficient effective demand. Second, I relate Davidson's rejection of the "gross...

Paul Davidson's admirable and concise new introduction to Keynes the person and to the ideas of Keynes emphasizes Keynes's demonstration that even a competitive economy with freely flexible wages and prices may lack an adjustment mechanism to automatically restore full employment without active...

This paper reviews the treatment of open economy issues in Paul Davidson's book, iJohn Maynard Keynes/i. Davidson aptly summarizes Keynes's criticism of the international monetary system for the asymmetric "burden of adjustment" it places on deficit countries compared with surplus countries,...

This note responds to comments made by various reviewers on the analytical content of the 2007 book iJohn Maynard Keynes/i, "Great Thinkers in Economics" series, by Paul Davidson. It attempts to clarify some semantic problems and also to clarify the relationship between Keynes's analytical...

In this paper, we show that there are many similarities between the economics of Paul Davidson and the views expressed by the monetary circuit. This is not surprising because they both trace their roots to Keynes. Circuitists emphasize banks and uncertainty; Davidson places the focus on...

This paper retraces the history of the debate on the Washington Consensus according to the four-stage partition Consensus, Confusion, Contention, Conclusion, with particular attention to the criticisms evoked by the use of it as a tool for the "integrationist agenda" of the 1990s. The author...