The essential aim is to reconstruct the original Marx's original theory of money in order to assimilate more recent theories of endogenous money and credit-creation. It will be argued that Marx's original commodity theory of money is quite limited and historically specific to his own era....

This year marks the twentieth anniversary of the Australian Labor Party's accession to power as the Federal government. It might be opportune, therefore, to revisit Labor's legacy in terms of industry/trade policies. Contrary to the optimistic assessments and the rhetoric about the ostensible...

It will be argued that the neo-liberal policies of disinflation, which have governed the evolution of European monetary union, have contributed to the onset of ?Eurosclerosis? over the past two decades. These monetarist-inspired policies have set in motion the cumulative and self-reinforcing...

Universities represent a highly complex organizational structure that is beset with serious informational problems. A simplistic allocation rule based on university rankings is sometimes applied to fund disciplines/departments in order to promote efficiency. This study shows the pitfalls of...

Potential customers in customer markets are typically dichotomised into actual and prospective customers. If the firm holds its price firm, the actual customers hold their reserves/reservation price firm and repeat their purchases. On the other hand, prospective customers? reserves may be...