Debt and deficits are considered by some to be a major economic problem, indeed one that threatens the stability of the US economy with serious, possibly catastrophic, consequences for the world economy. What is it that leads some countries into large and continuing budget or trade deficits?...

The essays in this book reassert a powerful thesis in the historiography of economics that the views we take of current economic issues influence our interpretation of the history of economic thought, and vice versa. They will be welcomed both by historians of economic thought and by economists...

This book sets out, in straightforward, accessible terms, crucial aspects of monetary economics. It opens with an exposition of the fundamental question of what money is and what it does. The distinguished list of contributors then examines the key role of price stability and how to achieve it.

Expertly written by leading scholars from a range of different starting points, this compendium presents a synthesis of recent work relating to institutionally-informed accounts from transitional and emerging markets, as well as from mature economies. It specifically focuses on the linkage...