Preface -- Background and Summary -- 1 Introduction -- 1.1 The log normal distribution -- 1.2 The Pareto distribution -- 1.3 Randomness and economic markets -- 1. 4- A more precise presentation -- 1.5 The derivation of an equilibrium distribution by maximizing entropy -- 1.6 Conclusions -- 1...

I Theory and Debate -- 1 What is Neo-Ricardian Theory? -- 2 History Emphasizing Ricardo -- 3 The Sraffa System -- 4 The Capital Controversy -- 5 Income Distribution and Growth -- II Applications -- 6 Applications: An Introduction -- 7 Some Stability Problems: An Outline -- 8 Wage Earners’...

When the risk of a devaluation is high this is likely to affect the purchasing behaviour of firms importing goods from abroad. A model is developed which shows optimal purchasing and inventory policies for firms in that situation. Another model is developed for the case when the value of a...