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This paper attempts the following two questions, both with reference to the response of the Polish economy to the stabilization and liberalization plan of January 1, 1990: why was the fall in output much larger and the inflation rate much higher than anticipated? Was the contraction of aggregate...
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This paper presents a brief review of the literature on the probable economic effects of population ageing in the industrial economies over the next 4 decades. Outline information is provided about short-run and long-run changes in the size and age structure of the population. The implications...
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One of the many miracles of Victorian Britain’s market economy was that it worked most efficiently when it was left to regulate itself – or at least, this is what the great majority of Victorians believed. The prevailing economic orthodoxy throughout the nineteenth century assumed, following...
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