Paul Davidson, Holly Chair of Excellence at the University of Tennessee, has been a leader in heterodox economics for over 40 years. This interview considers how he came to be a heterodox economist, how Post Keynesian economics developed, and what his views on current issues are. The interview...

This paper discusses Marshall's conception of a general equilibrium system. It argues that conceptually, Marshallian general equilibrium analysis is at a much higher level than Walrasian general equilibrium analysis, and, because it is, it is far more compatible with modern developments in...

If you reduce a multi-dimensional relationship to a two dimensional graph, you are going to cause some confusion. If you do so without being explicitly clear about the definitions and assumptions you are making in the reduction, you will likely cause significant confusion. The AS/AD labeling...