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Monetarism is dead! Central bankers are all Wicksellians now! They target low inflation rates, with no regard to monetary aggregates whatsoever, by acting upon short-term real rates of interest. This is the New Consensus in monetary economics, or simply the New Keynesian Synthesis. Yet, this...
Persistent link: https://www.econbiz.de/10014474017
In 1913 and 1914, A. Mitchell Innes published a pair of articles that stand as two of the best pieces written in the twentieth century on the nature of money. Only recently rediscovered, these articles are reprinted and analyzed here for the first time
Persistent link: https://www.econbiz.de/10011851402
There is much confusion in the economics literature on wage determination and the employment-inflation trade-off. Few model builders pay as much careful attention to the definition and meaning of long-run concepts as did Albert Ando. Expanding on years of painstaking work by Ando, the...
Persistent link: https://www.econbiz.de/10011851839
A decade after the implementation of the initial wave of economic reforms in India, the process of transforming the country into a fully developed market economy continues. A hallmark of the globalised economy is its ability to sustain competitive efficiency which, in turn, can lead to enhanced...
Persistent link: https://www.econbiz.de/10014474160
centuries wine was very much a European product. While that is still the case today--three-quarters of world wine production …, consumption and trade involve Europe and most of the rest involves just a handful of New World countries settled by Europeans …pt. 1. Overview -- pt. 2. The old world -- pt. 3. The new world -- pt. 4. Other emerging markets …
Persistent link: https://www.econbiz.de/10011850573
This is the second volume in a mini-series on movements in entrepreneurship. It aims to forward the study of entrepreneurship by stimulating and exploring new ideas and research practices in relation to new themes, theories, methods, pragmatic stances and contexts. The book explores different...
Persistent link: https://www.econbiz.de/10011850632
Today, the study of regions is central to academic analysis and policy deliberation on how to respond to the rise of the knowledge economy. Regional Economies as Knowledge Laboratories illustrates how newer types of regional analysis--utilising scientometrics, knowledge services measures and...
Persistent link: https://www.econbiz.de/10011850693
The proliferation of new information technologies throughout the world has raised some important questions for …
Persistent link: https://www.econbiz.de/10011850760
This book takes up the challenge of developing an empirically based foundation for evolutionary economics built upon complex system theory. The authors argue that modern evolutionary economics is at a crossroads. At a theoretical level, modern evolutionary economics is moving away from the...
Persistent link: https://www.econbiz.de/10011850919
Governments, Competition and Utility Regulation continues the series of annual books, published in association with the Institute of Economic Affairs and the London Business School, which critically reviews the state of utility regulation and competition policy
Persistent link: https://www.econbiz.de/10011851094