In this paper we examine the features of the US wage Phillips curve over different time horizons analyzing the original Phillips’ specification on a scale-by-scale basis with data transformed by wavelet and band-pass filtering methods. Our results provide compelling evidence that the wage...

A review essay on A. Sen, Rationality and Freedom, Cambridge (MA) and London, The Belknap Press of Harvard University Press, 2002, pp. x+736.

According to Amartya Sen, welfarism was the leading feature of Welfare Economics (WE) in both its ‘Old’ and ‘New’ version until Arrow’s impossibility theorem demonstrated the necessity of doing away with it if welfare theory is to serve as a guide in evaluating alternative policies....

The Companion places Alfred Marshall’s ideas in their historical context, highlighting the many streams of social research originating from them. The contributors form a remarkable cast of leading experts, covering a spectrum of Marshallian themes and issues.

The gist of Richard Kahn's theory of liquidity preference lies in a study of how the assortment of expectations and types of uncertainty present at any given moment in the financial markets affects the relationship between the quantity of money and interest rates. While ruling out the idea of...