Few subjects in economics have been more exhaustively discussed than the relation between productivity and thrift in the determination of the rate of interest, yet leading authors continue to hold markedly divergent views. This issue might be brought into focus in the following paper by...

This paper talks about the empirical demand theory as described in the textbooks as well as the one estimated in econometric work. Thus, the argument of this paper is that the gulf between the theory of demand as described in textbooks and the procedure followed in estimating demand curves is...

We know that people strike bargains and that civilized life could not proceed otherwise. We do not know how bargains are struck. We have no explanation of bargaining, comparable to the general equilibrium in the economy, accounting for essential features of bargaining as we know it with...