One of the hallmarks of a distressed economy is the spread between the nation's government bond yield and the yield of comparable U.S. Treasuries It is understood that this spread can be symptomatic of an important level of economic distress in the developing nations. Many believe that this...

Justice and well-being are of course necessary conditions for a peaceful world order, and we move closer to this goal as our understanding of social and economic behavior becomes more complete. Here it is certainly true that our knowledge of capital-function in mainstream economics is...