The recent economic events driven by the big financial crisis of 2007-08 has cogently put to the fore the limits and drawbacks of the ruling research paradigm in macroeconomics. This volume goes to the root of the problem by offering a workable alternative to the renowned issue of the...

Introduction -- Money, Bonds and Economic Activity: Money, Bonds and Interest Rates -- Term Structure of Interest Rates -- The Credit Market and Economic Activity: Theories on Credit Market, Credit Risk and Economic Activity -- Empirical Tests on Credit Market and Economic Activity -- The Stock...

Labor Values: Theory and Measurement -- The So-Called “Transformation Problem” Revisited -- Baseline Approaches to the Labor Theory of Value -- Using Labor Values: Labor Productivity and Technical Change -- Marx After Stone: The Marxian Contribution to the UN’s SNA -- Actual Labor Values...

Today, the most pressing challenges for public economics are of macroeconomic nature: pensions, debt, income distribution, and fiscal sustainability. All these problems are compounded by the phenomenon of demographic transition and aging. This graduate textbook addresses these issues with the...

This book presents a theoretical investigation of the formation of regional free trade agreements (FTAs), the behavior of global enterprises, and government trade policies in various game forms including multi-stage games, repeated games, and timing games. In the last few decades, the number of...

This book presents scientific metrics and its applications for approaching scientific findings in the field of Physics, Economics and Scientometrics. Based on a collection of the author’s publications in these fields, the book reveals the profound links between the measures and the findings in...

Introduction -- Firms and Production -- Households and Consumption -- Market Equilibrium (1) -- Market Equilibrium (2) -- Perfect and Imperfect Competition -- Optimal Allocation of Resources -- Market Failures -- Optimal Income Distribution -- Microeconomic Foundations of Macroeconomics.