Review of The Keynes Solution: The Path to Global Economic Prosperity (Hardcover)

Paul Davidson has done a remarkable job of explaining John Maynard Keynes' key insights, most of which he first introduced to the world in his seminal 1936 "General Theory of Employment, Interest and Money."Unfortunately, for Keynes, that book is fairly impenetrable, so the general public is essentially unaware that the economics movement that bore his name (i.e., "Keynesian") is, in fact, a synthesis of the classical economics that Keynes rejected and Keynes' less controversial ideas.In other words, Keynes' own name was hijacked by what were, essentially, classical economists.

This book is an easy read and easy to understand because it uses the recent economic crisis to compare and contrast neoclassical economics (best exemplified by Milton Friedman and the Chicago School) to true Keynesian economics.If you really want to understand Keynes' insights in detail, pick up a used copy of Anatol Murad's "What Keynes Means," which is a fantastic primer.

If you are interested in reading other accessible economics books by heterodox economists, check out Steve Keen's "Debunking Economics."Like Davidson, Keen is a Post Keynesian economist.



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