An analysis of the underlying causes of environment destruction debunks the idea that the poor are the principal cause of environmental degradation in present-day societies. The paper also identifies some of the major areas of economic theory and institutional biases in market economies that...

A number of commentators have argued that technological innovation is about to change the institutional structure of the retail payments system. Through the potential private issue of currency via new electronic payments systems – electronic money – individuals will create currencies based...

This paper explores the conceptual links between Joseph Schumpeter’s theory of instability under capitalism and both theoretical and empirical research that has been done over the past fifteen years in nonlinear dynamics. Recent work related to chaos and bifurcation theory is shown to be...

This paper is based on the traditional Austrian Theory of Capital which deals with expected values of future returns of investments over various periods of time. The longer the time period that elapses between the beginning of a production process and its end, the higher the (expected)...

The renaissance of capital-based macroeconomics belongs to the most significant scholarly developments within the field of macroeconomics in recent times. This paper was a contribution to the special 2001 symposium devoted to a critical evaluation and analysis of the recent revival of...

This paper is the sequel to chapter 30 of the 1999 first edition of The Elgar Companion to Law and Economics (ed. J. Backhaus). A new section has been added entitled 'An application of Hayekian law and economics: the comparative analysis of alternative monetary and banking regimes'.

The analogy between Hayekian monetary dynamics and the Friedman/Phelps accelerationist hypothesis is more problematic than some commentators have been prepared to admit. Hayek´s presentation of the 1930s did not produce a convincing argument in defense of the proposition that accelerating...

These are the page proofs of the interview of Franco Modigliani by William A. Barnett and Robert Solow. The interview was published in the journal, Macroeconomic Dynamics, in 2000. Since William Barnett is one of the two interviewers, he now is permitted, by Cambridge University Press, to make...

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...

Dreamland is an economic idea for ideal society like Utopia of Moore but it is more applicable to the real world. A man, Boon, had visited a wonderful land and told us what he met in the ideal country. For example: no liquor, limitation of personal wealth, education without degree. If any...