"This book originated from a 2010 conference marking the fortieth anniversary of the publication of the landmark "Phelps volume," Microeconomic Foundations of Employment and Inflation Theory, a book that is often credited with pioneering the currently dominant approach to macroeconomic analysis....

A crucial issue in the era of globalisation and internationalization, is whether the relationship between investment and finance is beneficial to growth and development. Received wisdom is that Research and Development is essential not only for maintaining productivity, but also for competing in...

Certain long swings in activity may involve one or more non-monetary mechanisms not yet studied. Unlike the fundamentally classical quot;realquot; theory of the business cycle refined in this decade, the emerging line of quot;realquot; models called structuralist, such as the model here, hinges...