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This paper was one input to the Australian Government’s decision to remove tariffs on imports from the least developed countries. The Commission’s analysis suggests that removing tariffs on imports from these countries could significantly boost imports from these countries, particularly of...
Persistent link: https://www.econbiz.de/10005119295
If, in international agreements, governments “link'' trade to environmental policy (or other issues with non-pecuniary externalities), will this promote more cooperation in both policies or will cooperation in one policy be strengthened at the expense of the other? We analyze this question in...
Persistent link: https://www.econbiz.de/10005124914
This paper addresses a specific suggestion for immigration reform—that we must seek skilled immigrants—by examining support for a move to unlimited H-1B visa issuance. Great care is taken to include up to date media coverage as immigration policy is greatly affected by public opinion. This...
Persistent link: https://www.econbiz.de/10005408048
Is the pattern of trade correlated with cross-sector differences in job turnover? Theoretically, external shocks feed through to changes in domestic employment and cross-sector differences in turnover give rise to compensating wage differentials, which feed through to output prices. Using two...
Persistent link: https://www.econbiz.de/10005408072
. Money as a social representative of value, therefore, is introduced at the very beginning of Marx’s microeconomics. Marx …’s rejection of Ricardo’s interpretation of Say’s Law requires that money as a means of circulation and as a means of payment is … realisation of profits for the capitalist class as a whole requires money advances, which have to increase by means of rising …
Persistent link: https://www.econbiz.de/10005076655
money has nothing to do with traded output, but everything to do with storing value. But now a new trade theory takes over … monetary theory, by reducing money into a mere tool of trade, as just a means of payment. It takes over theory of exchange … arbitrage, and payments through seigniorage (by creating and issuing money). Suddenly economics studies economy rather than …
Persistent link: https://www.econbiz.de/10005408069
This is the front matter from a book of interviews to be published by Blackwell. The book is coedited by W. A. Barnett and P. A. Samuelson. The front matter includes the Table of Contents, Coeditor Preface by W. A. Barnett, Coeditor Foreword by Paul A. Samuelson, and History of Thought...
Persistent link: https://www.econbiz.de/10005126071
The paper considers the legacy for modern macroeconomics of Kalecki’s theory of income determination. The latter is reconstructed in its analytical constituent parts referring in detail to the original sources. The critical appraisal of its historical relevance is made from the vantage point...
Persistent link: https://www.econbiz.de/10005126093
This paper consists of the page proofs of W. A. Barnett's interview of Paul A. Samuelson, to appear in print in the journal, Macroeconomic Dynamics, in September 2004. To our knowledge, this is the first and only interview of Paul A. Samuelson published in a professional economics journal. In...
Persistent link: https://www.econbiz.de/10005561048
A revolution in economics. Is it possible? Is its concept a transition from ideal to real economics? The way to the transition may be a new aspect of uncertainty. Problems, which can be solved, research fields, which can be augmented or created, and fields of applications in practical economy...
Persistent link: https://www.econbiz.de/10005126070