Joan Robinson was a member of the famous Keynes Circus of young economists at Cambridge in the 1930's. She was a theorist par excellence, making outstanding contributions to the understanding of competition, aggregate demand and capital. At the same time, she developed an interest in...

A recent amendment in Pakistan’s federal constitution allows provinces to borrow domestically and abroad. There is a concern that it may generate unsustainable debt burden, considering the country’s delinquent monetary policy and a historical deficit bias. The objective of this paper is to...