Collecting Nobel Laureate William S. Vickrey’s articles on macroeconomic theory and policy written towards the end of his career, this volume demonstrates his enduring commitment to full employment and price stability, and his rejection of conventional macroeconomic theorizing. William Vickrey...

Original articles by leading scholars of post Keynesian economics make up this authoritative collection. Current topics of the greatest interest are covered, such as: perspectives on current economic policy; post Keynesian approaches to monetary theory and policy; economic development, growth...

Adolph Lowe and his mentor Franz Oppenheimer were founding members of the Editorial Board of the "The American Journal of Economics and Sociology" in 1941. Both this journal's name and its mission were inspired by Lowe's greatly underappreciated 1935 book, "Economics and Sociology". There, Lowe...

The lifework of Adolph Lowe (1893-1995) was greatly motivated by his struggle with the problem of “freedom and order”. This paper explores Lowe's largely overlooked and under-examined writings on education and political philosophy, important components of his “political economics”....

This article is a short introduction to the 5 paper symposium on the European economic and monetary union appearing in this issue.

Full employment is normally associated with structuralrigidities that may result in production bottlenecks and inflationary pressures. Flexibility or elasticity of the production system istherefore a desirable feature of an economic system. Many standardmodels, however, exhibit flexibility...