Paul Davidson - Keynes's Forgotten Lessons 1/4

The video features a discussion with Paul, a professor emeritus, about his book and Keynesian economics. It covers the principles of Keynesian economics, contrasting them with classical economics, and explores Keynes' theories on uncertainty and monetary theory. The conversation also delves into financial markets, discussing concepts like backwardation and contango, and emphasizes the need for a new approach in monetary and financial theory.

What role did uncertainty play in Keynes' economic theories, and how does it relate to the Agatic axiom?

Discuss the importance of monetary theory in Keynes' work and how it contrasts with classical monetary theory.