Labour market programs are often advocated on the basis that by re-introducing unemployed people to the culture of the workplace, they will re-skill and motivate them enough to make them suitable employees to prospective employers. Accordingly, total employment should rise and vacancy rates...

Kalecki's macrodynamic models should be regarded as a form of ceteris paribus dynamics which follow through the logical consequences of given behavioural relationships taken in isolation from unrelated events. His models are not mechanistic but rather attempts to isolate the systematic forces...

One of the major emerging macroeconomic problems during the past century has been the tendency for inflation to accelerate under prolonged periods of full employment. According to Isaac and Kaldor, this arises because the three major objectives of wage earners often conflict. The first objective...

Without the confidence that patent rights can be enforced quickly and efficiently, when needed, the patent system will not stimulate innovation. For this reason, governments, academics, international institutions and the private sector have poured significant resources into gathering and...