This article explores the arguments for and against the use of government debt to finance large-scale public investments. Relative to the options of higher taxation or lower other expenditures, debt finance means that both the costs and the benefits of the investment fall on future generations....

"In the 2007 Wincott Lecture the author argues that global current account imbalances are an indication of 'intertemporal trade'. Savings and investment, both private and public, determine the imbalances. He expounds Richard Cooper's argument that it is perfectly natural for the USA to have a...

If Australia's population were to reach 40 million, it could only result from either a drastic reversal of the decline in the fertility rate or a very large increase in the rate of net migration. This lecture explores this interesting question.

Este trabajo examina el rol de la protección cuando un país tiene problemas en la cuenta corriente. Se analizan los aspectos macroeconómicos de la liberalización del comercio, incluyendo su relación con la política cambiaria y con la liberalización del mercado de capitales. Finalmente, se...

Economic Thought in Spain shows how the Spanish contribution can be integrated into the wider history of economic theory. This book will be welcomed not only by Austrian economists seeking precursors to Hayek in the ‘Salamancan School’, but also by all those interested in the history of...