The power of ideas to affect policy -- Ideas and policies that created the first global economic crisis of the twenty-first century -- Reading tea leaves to "know" the future : classical theory's ideas about a capitalist system -- A penny spent is a penny earned : Keynes's ideas on a capitalist...

This book looks at the life of Keynes leading up to the writing of his seminal General Theory , examines the General Theory in detail, and explores how it differs from classical theory. The impact of Keynes's work on the economy postwar and up to the present day is also assessed.

Paul Davidson investigates why the 1990s was a decade of financial crises that almost precipitated a global market crash. He explores the reasons why the global economy still struggles with the aftermath of these crises and discusses the possibility that volatile financial markets in the future...