In 1964 Herbert Coblans wrote that the development of photo‐effect lithography, the invention and evolution of photographic techniques, had profoundly affected the ‘recording of knowledge, the making of libraries and all that that means’. He went on to ask if ‘two other lines of...

Industry interest in equity‐based contingent claims models for evaluating credit risky securities has recently surged. These methods assume away valuation uncertainty that exists in practice. This article explores the impact of valuation uncertainty on these contingent claims models, by...

The Elgar Companion to Austrian Economics is a major new reference work which highlights the common ground between all the branches of the school while demonstrating the breadth and diversity within it. The Companion reflects the many areas where Austrian economists have made contributions,...