The scepticism of economists—mainstream and heterodox—towards "new economy" ideas goes beyond the indignation of long-established traditions being told to rewrite their basic rules. With its emphasis on trade through interand intra-corporate networks, the "new economy" presents a model of...

Energy security requires the affordable, reliable and sustainable supply of energy, for commercial and household use. A low-cost and uninterrupted energy supply is fundamental for economic development and political stability. China's emergence as a major world industrial producer means that its...

Noting that the contribution of R&D is being integrated into national accounts just as these come under criticism for potentially overstating output, this paper uses a re-assessment of the concept of value to examine scope for under- and over-statement in conventional GDP. It assesses ways in...