An abstract for this article is not available

An abstract for this article is not available.

An abstract for this article is not available.

Douglass North earned a share of the 1993 Nobel prize for economics for two decades of research that culminated in the development of an innovative framework for analyzing economic history. This review essay discusses the book that most comprehensively presents North's paradigm, which...

As the current expansion nears its eighth anniversary, it becomes tempting to wonder whether the second-longest expansion in U.S. economic history is nearing an end. The only U.S expansion to last longer was a nearly nine-year expansion that occurred during the Vietnam War. Thus, the current...

The concept of a new Industrial Revolution has recently become of great interest to general economists of all persuasions. For example, the New Growth Theory has placed renewed emphasis on the importance of technological change in modern economic growth, and a number of authors have suggested...

An abstract for this article in not available.

Contrary to the strawman “classical” model of the textbooks, the original classical economists did not believe that money-stock changes affect only the price level and not real output and employment. Most classicals saw money as having powerful short-run real effects and perhaps some...

From Irving Fisher in 1907 to Jan Tinbergen in 1945 at least eight economists developed the famous diagram used to demonstrate the gains from international trade.