This paper, extending previous work on the imperfections of international capital markets, considers both short-and-long run interest rates on the securities issued by governments which are unlikely to default on payments of interest or principal and during a period when they had few, if any,...

This paper examines 1) an exploration of international interest rates, 2) investment and saving in Australia, 3) Unemployment in Market Economies.

This article is largely a survey of ideas and findings about economic inequality. It begins with an account of the socialist demand for economic equality and shows that this is incompatibloe with the rival social value of liberty. Utilitarismn which has dominated economic work on the problem, is...

After 1983 major changes were made to New Zealand's financial markets, its public finances and its labour market, together with deregulation of other industries and a commercialisation of many state activities. They transformed the country from a protectionist welfare to an open and competitive...