Keynesian economics, labour cost has been set in the periphery of the theory, allowing labour relations to become a subject of … social-political regulation. By contrast, neoclassical economic theory and its successors place the cost of labour at the … core of the theory, which in turn means that any attempt to regulate labour relations by noneconomic criteria undermines …

We define an algebro-topological concept of essential map and we use it to prove several results in the theory of …

This chapter presents an application of competitive general equilibrium theory of markets in the spirit of Walras …, formalized in the 1950s by K. Arrow and by G. Debreu. In using general equilibrium theory to generate insight into current policy … (1970). The intention if to use formalized general equilibrium theory to derive general statements about the economic …

which there is a unique ergodic macro equilibrium, the paper starts by reviewing both the early Keynesian theory in which …, which introduced into current macro theory a natural rate of unemployment (and its associated equilibrium level of national … inconsistent with the existence of either a unique natural rate or a NAIRU but is consistent with evolutionary theory in which …

unemployment, which was inconsistent with orthodox theory. As a result, macroeconomists began to pay much greater attention to the … of macroeconomics as a branch of applied general equilibrium theory. His main theme is that macroeconomics is best viewed …

variety of new techniques for assessing regulatory performance—general equilibrium theory, laboratory methods, the integration … of rational expectations and game theory methods with regulations, cost-functions techniques, and probabilistic risk …, "Assessment of Regulatory Performance," covers theory and methods, performance and effects. Public Regulation is fourteenth in the …

In this paper we critically examine the main workhorse model in asset pricing theory, the Lucas (1978) tree model (LT … theory, the real assets model (RA-Model). Households in the LT-Model trade goods together with claims to Lucas trees …

In this paper we critically examine the main workhorse model in asset pricing theory, the Lucas (1978) tree model (LT … theory, the real assets model (RA-Model). Households in the LT-Model trade goods together with claims to Lucas trees …