This paper examines the Japanese slump through the respecive macroeconomic spectacles of Hayek and Keynes, and shows that the decade old slump is Hayekian in nature, and its cure is hampered both by the high yen policy misguidedly thrust on Japan by the US as well the peculiarities of Japanese...

This paper looks at the historic engagement etween the great Eurasian civilisations since the voyages of discovery, and examine the extent to which the hopes of an independent and strong Asia, melding its own traditions with the modernity that the West has forced on it, have been achieved

This paper provides a critical historical evaluation of three general types of economic incentives and disincentives which have been used to influence state behaviour: (i) treaties concerning trade and international property rights of foreign capital, (ii) various status incentives from joining...

In this revised and expanded version of a classic IEA text, first published in 1983, but revised and expanded in 1997, Professor Lal provides a robust critique of the statist model of development which denigrates both trade and open markets. He concludes that the demise of this dogma would be...

Peter Bauer (Lord Bauer) was an economist of considerable influence, particularly on the prevailing wisdom about the value of foreign aid ('government-to-government transfers', as he preferred to call it). Shortly before his death in May 2002, he received the prestigious first award of the...