Global crises are very rare events. After the Great Depression and the Great Stagflation, new macroeconomic paradigms associated with a new policy regime emerged. This book addresses how some macroeconomic ideas have failed, and examines which theories researchers should preserve and develop. It...

1. The changing global economic landscape : the factors that matter / Jan Fagerberg -- 2. How global is foreign direct investment and what can policymakers do about it? : stylized facts, knowledge gaps, and selected policy instruments / Peter Nunnenkamp -- 3. Labour market frictions as a source...

Recommended readings (Machine generated): Simon Kuznets (1933), 'National Income', in Edwin R.A. Seligman (ed) and Alvin Johnson (ed) (eds), Encyclopaedia of the Social Sciences, Volume Eleven: Morbidity-Parties, Political, New York, NY: Macmillan, 205-24 -- Simon Kuznets (1955), 'Economic...

I was born in Brooklyn, New York on August 23, 1924, the oldest of three children. My parents were themselves the children of immigrants. They had to earn a living as soon as they finished secondary school. So my sisters, my cousins and I were the first generation of our family to attend a...

Interview with Professor Robert Solow at the 1st Meeting of Laureates in Economic Sciences in Lindau, Germany, September 1-4, 2004. Interviewer is freelance journalist Marika Griehsel.