This paper develops a model of trade and growth for a developing economy based on the Austrian theory of capital. Two types of economies differ in terms of time preference rates. Each economy produces two capital goods, both of which provide services to consumers through their life periods. A...

The debt crisis that has been rumbling for many years repeatedly necessitates fresh rescheduling negotiations. These debt rescheduling conferences bring together two fundamentally different partles: on the one side are the emissaries from the big international banks and on the other the...