Paul Davidson – Keynes’s Forgotten Lessons

INET Executive Director Robert Johnson talks with Journal of Post Keynesian Economics co-founder Paul Davidson about Davidson’s book The Keynes Solution: The Path to Global Economic Prosperity.

Davidson discusses Keynes’s oft-forgotten insights into the foundational assumptions of economics. Classical economists were treated as “Euclidians in a non-Euclidian world,” Davidson says. “When they saw parallel lines intersecting they rebuked them for intersecting.” Keynes saw that the problem with Euclidean economics was what he called uncertainty, meaning the idea that the future cannot be predicted from the past — an insight that modern economics too often ignores.

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How ‘broken windows’ policing harms people of color

My friend Molly Crabapple uses her superb artwork to explain how “broken windows” policing harms people of color.

Last summer, a New York city police officer choked a black grandfather named Eric Garner to death. Garner was suspected of selling loose cigarettes. The arrests of people like Garner are part of a controversial policing tactic called Broken Windows. Broken Windows claims to prevent large crimes by cracking down on small ones. But it’s really about controlling and punishing communities of color, through police encounters that can sometimes be deadly.