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Financial Markets, Money and the Real World

Financial Markets, Money and the Real World Paperback / softback - 2003

by Paul Davidson

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Description

Paperback / softback. New. Paul Davidson investigates why the 1990s was a decade of financial crises that almost precipitated a global market crash. He explains why the primary function of financial markets is to create liquidity and demonstrates that a liquid market cannot be efficient, and an efficient market cannot be liquid.
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About the author

Paul Davidson, Holly Chair of Excellence Emeritus, University of Tennessee, US and Founding Editor of the Journal of Post Keynesian Economics