The essays in this book reassert a powerful thesis in the historiography of economics that the views we take of current economic issues influence our interpretation of the history of economic thought, and vice versa. They will be welcomed both by historians of economic thought and by economists...

This book sets out, in straightforward, accessible terms, crucial aspects of monetary economics. It opens with an exposition of the fundamental question of what money is and what it does. The distinguished list of contributors then examines the key role of price stability and how to achieve it.

We consider the lessons that might be learned by other countries from the problems with Northern Rock and the reactions of the UK authorities. We ask whether the surprise of the run on the bank came because economic analysis did not provide the right guidance or whether it was simply a problem...

Price controls are a very old means of trying to contain inflation. In Britain they were used in the Second World War and again in the 1960s. On the first occasion they seemed to work quite well though there were other factors involved--notably rationing. The second episode was not successful....

Based on their earlier work on managerial capitalism and the literature on financialisation, P. Folkman, J. Froud, S. Johal, and K. Williams (2007, 'Working for themselves: Financial intermediaries and present day capitalism', Business History, 49(4), 552-572) argue that the rise of capital...