Mitten in der Großen Weltwirtschaftskrise schrieb der englische Ökonom John Maynard Keynes 1930 einen kleinen Aufsatz: "Die wirtschaftlichen Chancen unserer Enkel". Der herrschende Pessimismus, so beginnt Keynes, sei eine "wahnwitzig falsche Interpretation" dessen, was unter der Ober-fläche...

Wohlstand wird in der Regel als der Grad der Versorgung von Personen, privatenHaushalten oder der gesamten Gesellschaft mit Gütern und Dienstleistungen verstandenund fasst das Ausmaß materieller aber auch immaterieller Lebensqualität.Die Messung erfolgt vor allem mit unterschiedlichen...

This paper deals with the relation between the term structure of rents and future spot rents.

This paper pinpoints the development of the Commission's policy on rail infrastructure charges through to Directive 2001/14.

We derive an explicit formula of the Watts’ poverty index, in terms of parametersof bivariate lognormal distributions of price indices and nominal livingstandards. This result enables us to: analyse the contributions of the distributionsof prices and nominal living standards in poverty;...

This paper develops data on the history of wages and prices in Beijing, Canton, Suzhou/Shanghai in China from the eighteenth century to the twentieth and compare them with leading cities in Europe, Japan and India in terms of nominal wages, the cost of living, and the standard of living. In the...

This article mobilizes and integrates both existing and new time series data on real wages, physical heights and age-heaping to examine the long-term trend of living standards and human capital for China during the eighteenth to twentieth centuries. Our findings confirm the existence of a...

This paper considers the 1990s in the context of long run economic growth performance. Growth in the context of this paper should be understood to comprise the growth of real living standards as well as real GDP per person. There were a number of new experiences during the decade that were...