43. Dr. Paul Davidson's view of the history of economic thought

Dr. Davidson is a leader in the post-Keynesian school of thought. Initially, he did not begin his career as an economist, earning a bachelor's degree from Brooklyn College in chemistry and biology. He began graduate school as a biochemistry major but switched to economics. Dr. Davidson finished his master’s at the City University of New York, and his Ph.D. from the University of Pennsylvania, both in economics. He has held numerous high positions within academia, think tanks, as well as the private sector, and currently holds the Holly Chair of Excellence in Political Economy, Emeritus, at the University of Tennessee, Knoxville. Dr. Davidson offers a depth of knowledge on subjects such as monetary policy, macroeconomics, global payment systems, and income inequality. He is the founder of the Journal of Post Keynesian Economics, and the author of 22 books including "Who’s Afraid of John Maynard Keynes?", "Financial Markets, Money, and the Real World," and many more. Together, we discussed why economists didn’t see the 2007 financial crisis coming, why Hyman Minsky’s theory of boom and bust may have been exaggerated, and the role that savings and investment play within the economy. To check out more of our content, including our research, visit our website: https://www.hgsss.org/