Edited by the late Paul Davidson, formerly Holly Chair of Excellence Emeritus, University of Tennessee, US and Founding Editor of the Journal of Post Keynesian Economics and Jan Kregel, Professor of Political Economy, University of Bologna, Italy

• Contents: Preface 1. Keynes’s ‘New Order’ 2. Economic Integration, the EMU and European Regional Growth 3. Prospects for the Single European Currency and Some Proposals for a New Maastricht 4. External Balances, Internal Growth and Employment 5. Thoughts on Speculation and Open Markets 6. Financial Market Behavior 7. On Banks’ Liquidity Preference 8. Financial Globalization and Housing Policy 9. A General Framework for the Analysis of Currencies and Commodities 10. Price Stability and Full Employment as Complements in a New Europe 11. Competition and Employment 12. Another Look at Wage and Price Flexibility as the Solution to Unemployment 13. Employment Policies in an Open Semi-industrialized Economy 14. Thwarting Systems and Institutional Dynamics Index

Edited by the late Paul Davidson, formerly Holly Chair of Excellence Emeritus, University of Tennessee, US and Founding Editor of the Journal of Post Keynesian Economics and Jan Kregel, Professor of Political Economy, University of Bologna, Italy

• Contents: Preface 1. Keynes’s ‘New Order’ 2. Economic Integration, the EMU and European Regional Growth 3. Prospects for the Single European Currency and Some Proposals for a New Maastricht 4. External Balances, Internal Growth and Employment 5. Thoughts on Speculation and Open Markets 6. Financial Market Behavior 7. On Banks’ Liquidity Preference 8. Financial Globalization and Housing Policy 9. A General Framework for the Analysis of Currencies and Commodities 10. Price Stability and Full Employment as Complements in a New Europe 11. Competition and Employment 12. Another Look at Wage and Price Flexibility as the Solution to Unemployment 13. Employment Policies in an Open Semi-industrialized Economy 14. Thwarting Systems and Institutional Dynamics Index

Edited by the late Paul Davidson, formerly Holly Chair of Excellence Emeritus, University of Tennessee, US and Founding Editor of the Journal of Post Keynesian Economics and Jan Kregel, Professor of Political Economy, University of Bologna, Italy

• Contents: Preface 1. Keynes’s ‘New Order’ 2. Economic Integration, the EMU and European Regional Growth 3. Prospects for the Single European Currency and Some Proposals for a New Maastricht 4. External Balances, Internal Growth and Employment 5. Thoughts on Speculation and Open Markets 6. Financial Market Behavior 7. On Banks’ Liquidity Preference 8. Financial Globalization and Housing Policy 9. A General Framework for the Analysis of Currencies and Commodities 10. Price Stability and Full Employment as Complements in a New Europe 11. Competition and Employment 12. Another Look at Wage and Price Flexibility as the Solution to Unemployment 13. Employment Policies in an Open Semi-industrialized Economy 14. Thwarting Systems and Institutional Dynamics Index