This paper examines the theoretical and empirical grounds for trade liberalisation. We note that many of the conventional arguments relating to the static and dynamic gains from liberalisation are based on fragile theoretical grounds. We also show that, although new trade theory takes account of...

There is a new orthodoxy in the economics of the public sector that has been promoted by privatization and for which ownership, as such, is essentially seen as irrelevant as compared to conditions of competition and regulation. This is shown to depend upon an illegitimate and static view of the...

A critical assessment is made of endogenous growth theory from the perspective of recent developments within economics as a discipline. These include its increasing mathematical formalisation, its focus upon microfoundations, the casual use of econometrics to test models, and the incorporation...