Are efficiency improvements in the use of natural resources the key for sustainable development, are they the solution to environmental problems, or will second round effects - so-called rebound effects - compensate or even overcompensate potential savings, will they fire back? The answer to...

Problems arise if budgets for services are held constant whilst prices rise. Education, cultural activities and health services are under constant budgetary pressure. The authors argue that the price of commodities is linked to demand and price increases would therefore seem to threaten the very...

"Keynes' macroeconomic revolution is based on his microfoundations of economic behaviour derived from 'casual' observations but impressively substantiated by rigorous research in behavioural economics and neurology. Ronald Schettkat argues that the allegation of the missing microfoundations in...