Perry in this journal draws on two new sources to challenge claims by Dalziel (2002) and Peetz (2005) about relatively weak labour productivity growth in New Zealand after the introduction of its Employment Contracts Act (ECA) in 1991. While new data raise further research questions, they do not...

Sixty years ago, Schumpeter's Presidential Address to the American Economic Association discussed the "pre-scientific vision" underlying the research of individual economists. This paper argues that a similar concept can be applied to different students studying economics. Resource students at a...

James Meade (1993) described how in 1931 he used process analysis to prove the fundamental Keynesian relation that investment causes saving. This note uses more general versions of process analysis to demonstrate that the structure of the underlying processes creates 'Mr. Meade's Relation,' not...

During the 1980s many countries adopted tight monetary policies to reduce high inflation rates which were the legacy of the 1970s. As inflation threatens to rise at the beginning of this decade, this paper provides a survey of the 1980s literature which sought to provide theoretical...

Professor Luigi Pasinetti's 1989 paper on the Cambridge Theorem when the government operates steady-state budget deficits is generalized to model interest payments on public debt and on indirect tax on capital expenditure. It is shown that the Cambridge Theorem still applies in the two special...