Monday, October 27, 2008

White House Summit on Financial Markets and the World Economy...

New Nov. 6, Credit Swap Disclosure Obscures True Financial Risk(beware-the $596 trillion is actually total BIS global transactions turnover figure)
New Nov. 6, The Economic Mess and Financial Disaster that Obama Will Inherit, by Nouriel Roubini
New Nov. 3, The Bank Bailouts Are Very Well Intended, But Where Is All The Money Going To Come From?, by Edward Hugh
NEW Nov. 2, Two, two-trillionaires, by Brad Setser
NEW Oct. 31, The U.S. Will Experience a Severe Recession; thus a Large Fiscal Policy Stimulus is Necessary to Dampen the Severity of this Economic Contraction, by Nouriel Roubini
NEW Oct. 30, Fed Chairmen and Presidents: Roundtable with Roger Kubarych and Richard Whalen, by Chris Whalen Important
NEW Oct. 29, The Coming Deflation Scare
NEW Oct. 29, Debt-deflation and the future of the American Economy, by Karol Gellert___because she's important to understand.
NEW Oct. 29, The Gold-Dollar System: Conditions of equilibrium and the price of gold, by Milton Gilbert___because he's important to understand.
NEW Oct. 28, America must lead a rescue of emerging economies, by George Soros
Here's an important note to the world leaders, meeting in D.C. in November...

Dear Colleague:

Henry Liu and I have written a brief note (see below) to the Heads of State who will be meeting on November 15, 2008 to discuss the international implications of the current financial Crisis . Henry believes that he will be able to get the ASIA TIMES to print it on Monday, November 10, 2008 as a Headline piece. The Asia Times is a global on line publication with a web visibility of over 2,000,000 daily of highly educated readership world wide, beating,,, according to Presumably, other publications may also publish it in the EU. Perhaps among all our friends, we can recruit a public relation professional to help. Even Keynes needed Felix Frankfurter to introduce him to FDR.

Our note is as follows:
To be published Nov. 10...

(Palgrave/Macmillan, London and New York, 2007) ISBN# 978-1-4039-9623-7 indicate

'Davidson convincingly shows how Keynes's radical assault on classical economic theory was undermined by mainstream interpreters anxious to make his doctrines politically acceptable. Keynes's own ‘general theory' is compellingly explained; its obfuscators attacked with Davidson's familiar panache.’ - Lord Skidelsky, author of John Maynard Keynes 1883-1946: Economist, Philosopher, Statesman author of the 3 volume biography of Keynes.

'This could be the best one-volume treatment of Keynes's economics since Keynes himself. Clear, logical and faithful, Paul Davidson introduces the real Keynes to a new generation. And do we ever need him.' - James K. Galbraith, The University of Texas at Austin and Levy Economic Institute

'Global imbalances, the unshackling of capital, the precarious state of modern capitalism: rarely has the world of economics been in more need of the thoughts of John Maynard Keynes. Although Keynes is no longer with us, this book is the next best thing. Paul Davidson is the leading expert on Keynes and Keynesianism and his book should be read by anybody who wants to understand the world as it is, rather than as the economic text books say it ought to be.' - Larry Elliott, Economics Editor, The Guardian

‘Paul Davidson's fascinating, encyclopaedic book captures the drama of the appearance of the General Theory, illuminates the controversies still surrounding it, and passionately defends Keynes's radical innovations in economic theory and policy. It is high time for economists and policymakers to go back to Keynes's own words, whose power Davidson so effectively articulates.’ - Peter L. Bernstein ,President of Peter L. Bernstein, Inc., and author of the best selling book Against the Gods: The Remarkable Story of Risk and the book Capital Ideas Evolving

No comments: