Paul Davidson (economist)

[2] During his seven decades as an economist, Davidson's professional positions[3] included: At Cambridge he worked with Joan Robinson to discuss draft chapters of his manuscript Money and the Real World.

[2] Paul Davidson warned of the impending subprime mortgage crisis in January 2008[5] and explicitly contested Alan Greenspan's recommendation for a market-based solution to let “housing prices (and security pegged to mortgages) fall until investors see them as bargains and start buying, stabilizing the economy,[6]” instead accurately predicting that “if Congress does nothing, then a year from today we may be mired in the Greatest Recession since the Great Depression.

[5]” Ten months later when the economy collapsed, Greenspan admitted in Congressional testimony to be shocked that his free-market ideology was flawed.

[7] Davidson has appeared before United States congressional subcommittees and provided testimony twenty times from 1973 to 1985[3] mostly on energy and antitrust issues.

The CFEPS website (see Other Contributors: Paul Davidson Archived 2018-07-27 at the Wayback Machine) contains more biographical information about him, as well as a list of his publications, with links to a few.