Paul Davidson

We have to change the rules

15 Seiten · 3,31 EUR
(April 2014)

Ich bin mit den AGB, insbesondere Punkt 10 (ausschließlich private Nutzung, keine Weitergabe an Dritte), einverstanden und erkenne an, dass meine Bestellung nicht widerrufen werden kann.

Paul Davidson is responding to the following questions:

You are looking back on a long life as one of the most influential and renowned Post Keynesians. What was your motivation to become an economist?

You mentioned the General Theory. Would you say that this is your favourite book of Keynes or would you say that it is the Treatise on Money?

Do you think that economic theory is still in a crisis and that Post Keynesianism is the remedy?

There is still no united front of the Post Keynesians?

What are the most important developments in Post Keynesian or Keynesian thinking right now?

Can you elaborate a bit on your proposal on the international financial architecture, the International Monetary Clearing Unit?

For the last fifteen years the United States experienced very dynamic markets and high growth rates, but there are also the budget deficit and the current account deficit. Are these deficits the price the U.S. has to pay for its growth?

In Germany we have export-led growth, Germany is very competitive and very successful in exports. Nevertheless, unemployment is surging. Which policy recommendations do you have for the new grand coalition in Germany?

In the United States there are some Keynesians who are very influential, like Joseph Stiglitz or Gregory Mankiw and Ben Bernanke. But it seems to me that most Post Keynesians are more or less at the margin and not at the heart of government decisions in the United States. Is that correct?

Uncertainty is another important issue in your work. If you say the future is uncertain – can we still say anything certain about the future? Can we still do economics?

But with independent central banks not only the government has to do something, but also the central bank.

In this process of convincing people, what is the role of heterodox journals like the Journal of Post Keynesian Economics? Do they make a difference?

As the editor of a well-established journal beyond the mainstream, what is the essence of a good journal?