Economic Reform Now

In Economic Reform Now , some of the world's leading economists issue a strong warning on the grave errors that are threatening to force the global economy over the brink. As Europe moves closer to economic disaster, and America fights double-digit unemployment, this is a must-read for policy makers and those concerned with the economy.

"When the Walrasian auctioneer is missing in action, and some suspect the invisible hand is invisible because it does not exist, we still have to manage the economy for people. The scholars in this volume take on this challenge and provide serious diagnosis and prescription for our current predicament. A perspective well worth reading for anyone who does not want to be mired in a slump for years to come! Meaning all of us." --Robert Johnson, President, Institute for New Economic Thinking

Paul Davidson is Holly Chair of Excellence in Political Economy at the University of Tennessee, Knoxville. He is the author of The Keynes Solution and editor of the Journal of Post Keynesian Economics. James K. Galbraith teaches economics and a variety of other subjects at the University of Texas. He served in several positions on the staff of the US Congress, including Executive Director of the Joint Economic Committee. Richard C. Koo is the Chief Economist of Nomura Research Institute, the research arm of Nomura Securities, the leading securities house in Japan. He advised successive prime ministers on how best to deal with Japan?s economic problems. Heiner Flassbeck works for the UN and is director of the Division on Globalization and Development Strategies (GDS) of UNCTAD, Genf. Previously, he was state secretary in the German Ministry of Finance.Jayati Ghosh is one of the world's leading economists. She is professor of economics at Jawaharlal Nehru university, New Delhi, and the executive secretary of International Development Economics Associates (Ideas).