Edited by Paul Davidson
The Sixth International Post Keynesian Workshop was held in Knoxville, Tennessee from 22 to 28 June 2000. It was attended by 86 participants from 20 countries with the United States participants representing 27 universities, government agencies and think tanks. Except for Antarctica, all continents were represented – North America (Canada, the United States, Mexico), South America (Brazil), Europe (United Kingdom, France, Sweden, Portugal, Spain, Italy, Germany, Switzerland, Denmark), Asia (Japan, Indonesia), Africa (South Africa) and Australasia (Australia, New Zealand). For six days these participants attended 21 sessions in which 67 papers were presented, discussed and debated. The participants were housed at the same (Hilton) hotel in Knoxville, and had all meals at the same restaurants together so that discussions were extended during the coﬀee breaks, breakfast, lunch, happy hour, dinner and even after dinner. The workshop was extremely rewarding for all as it oﬀered insight from participants from all corners of the globe. Although most of the participants came from academic institutions, there were also business people, government policy-makers, and economists from other institutions. Of the 67 papers presented at the workshop, 12 interesting and provocative ones were selected for publication in this volume. The ﬁrst three papers discuss the development problem that Brazil has faced for the last two decades. Although Brazil is, by some measures, the seventh largest economy in the world, it has not been able to live up to its potential in recent decades. Luiz Carlos Bresser-Pereira discusses the problem of incompetence among policy-makers and...