This sequel to A Life of Experimental Economics, Volume I, continues the intimate history of Vernon Smith’s personal and professional maturation after a dozen years at Purdue. The scene now shifts to twenty-six transformative years at the University of Arizona, then to George Mason University,...

The extensive monetary policy of central banks during the Great Recession has re-newed the interest in the relation between (possibly) non-neutral money and wealth and income inequality. In this work, a dynamic general equilibrium model approach is used to study the effects of an inflation rate...

“A fine collection of essays exploring, and in many cases extending, Jim Buchanan’s many contributions and insights to economic, political, and social theory.” - Bruce Caldwell, Professor of Economics, Duke University, USA "The overwhelming impression the reader gets from this very fine...

Chapter 1: The IS-LM Model: The Reason to Go Beyond It -- Chapter 2: Interaction between the Real Sector and the Financial Sector: An Alternative to the IS-LM Model -- Chapter 3: An Alternative to the IS–LM Model: Perfect Capital Mobility -- Chapter 4: Alternative to the IS-LM: Imperfect...

1. Economic Scientist, Economic and Social Reformer -- 2. Indifference Curves and a Hydraulic Model of General Equilibrium -- 3. Revitalizing the Quantity Theory of Money: From the Fisher Relation to the Fisher Equation -- 4. The Fisher Diagram and the Neoclassical Theory of Interest and Capital...

Chapter 1: Introduction -- Part I: Friedman’s life and autobiography -- Chapter 2: Part I Introduction -- Chapter 3: Friedman’s life and autobiography -- Chapter 4: Three controversies -- Chapter 5: Friedman in Britain in the 1970s and 1980s -- Chapter 6: Part I Conclusion -- Part II: Milton...

1. Introduction: Reviving the Work of America's Most Original Economist -- 2.Understanding Rents in the Real Economy -- 3. Growth and Rents in the Real Economy -- 4. A New Look at the "Henry George Theorem" -- 5. Savings and Investment: From the Price Mechanism to the Multiplier -- 6. From Craft...

1. Introduction -- 2. Intellectual Influences on Allyn Young -- 3. Nature, Scope and Method of Economics -- 4. Allyn Young’s Contribution to Growth Theory -- 5. Allyn Young’s Contribution to Economic Theory -- 6. Allyn Young on Applied Economics -- 7. Allyn Young on Money, Banking and...

In diesem Buch wird die technische Pionierleistung des Wirtschaftstheoretikers Friedrich List (1789-1846), die er für den Ausbau der Eisenbahn in den USA vollbracht hat, eindrucksvoll dargestellt. Mit dem Bau der Little Schuylkill-Eisenbahn in Pennsylvania förderte List die Infrastruktur des...