The Economics of Budget Deficits provides a comprehensive overview of the scholarly literature exploring the causes and consequences of deficit spending and the public debt. Incorporating classical, Keynesian and public choice analyses of debt-financed public expenditures, the two volumes...

Using annual data on U.S. mergers from 1895-1979, we are not able to reject the hypothesis that merger levels are characterized by a white-noise process or by a stable first-order autoregressive scheme. This result contrasts with the common perception that mergers occur in "waves." Our results...

This article examines systematically the growth of the English language from the year 252 ce through 1985. Using a data set collected from the CD-ROM version of the second edition of the Oxford English Dictionary, we characterize the time series of new words added to the language, by year,...

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