Robert Solow received the Nobel Prize in economics in 1987, and his contributions to growth theory, productivity, and … empirical findings. Hall shows that the Solow productivity residual is in fact correlated with variables which, according to …

productivity as sources of postwar economic growth in industrialized countries. The distinctive feature of investment is that …These two volumes present empirical studies that have permanently altered professional debates over investment and …

Aggregation lies at the heart of macroeconomics. Economists using such aggregates as capital, investment, labor, and … aggregate production functions is not only part of the foundation of macroeconomic theory and policy but also played a central …

issue of current economic theory by making the case that the growth of the money supply is not a necessary cause of …

This book updates and advances the theory of expected utility as applied to risk analysis and financial decision making …. Von Neumann and Morgenstern pioneered the use of expected utility theory in the 1940s, but most utility functions used in …, macroeconomics, and environmental economics. The book covers these topics: expected utility theory and related concepts; the standard …

implications for a theory of endogenous fluctuations. The REH, which dominates the economic modeling of expectations in most fields … of formalized economic theory, is often associated with an optimistic view of the working of the markets--a view that …--rather than as fluctuations with no trigger--and looks at the consequences for a monetary theory à la Lucas. The third part …

Market Volatility proposes an innovative theory, backed by substantial statistical evidence, on the causes of price …