This is a volume of essays in honour of Ian Little, who was Professor of Economics at Oxford until 1975, and whose seminal work in the discipline - notably in the areas of public policy and economic development - spans over 30 years and is still continuing. The authors, all well known...

Before 1914 long-term price stability was confidently expected in the UK. The typical yield then of 3 per cent per annum on long-term UK government bonds can be compared with the 4 per cent per annum on government index-linked bonds at end-1992. Inflation has made conventional long-term...

Before 1914 long-term price stability was confidently expected in the UK. The typical yield then of 3 per cent per annum on long-term UK government bonds can be compared with the 4 per cent per annum on government index-linked bonds at end-1992. Inflation has made conventional long-term...

The advance of useful knowledge is widely agreed to be the key factor in explaining economic growth. While many writers have sought to distinguish between "ordinary" investment, which merely imitates existing assets, and research or educational expenditures, which result in innovation, it is...