There is much confusion in the economics literature on wage determination and the employment-inflation trade-off. Few model builders pay as much careful attention to the definition and meaning of long-run concepts as did Albert Ando. Expanding on years of painstaking work by Ando, the...

This extraordinary book provides a critical review of the work of Nicholas Georgesçu-Roegen in conventional economics, environmental economics and methodology. Particular attention is paid to the role of thermodynamics in Georgesçu-Roegen's economics