The Keynes Solution

Paul Davidson challenges the thirty-year dominance of the free-market system over Keynesianism. He shows how the basic foundation of the Chicago School underlying Greenspan's policy decisions, as well as the likes of Friedman, Lucas, Scholes and Merton, led to the errors that propelled America into [...]
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Paul Davidson challenges the thirty-year dominance of the free-market system over Keynesianism. He shows how the basic foundation of the Chicago School underlying Greenspan's policy decisions, as well as the likes of Friedman, Lucas, Scholes and Merton, led to the errors that propelled America into the worst economic crisis since the Great Depression.