Frontmatter -- Contents -- Note on the Paperback Edition -- Introduction -- 1. From the Eighteenth Century to the 1930s: War and Depression -- 2. 1945 to 1975: The Golden Age -- 3. The Legacy of the 1970s: A Crisis of Capitalism -- 4. 1995 to 2005: The New Paradigm -- 5. Our Times: The Great...

This paper looks at the relationship between government budget deficits and the growth rate of GDP. While orthodox economic theory offers several reasons to believe that growing deficits might be associated with slower growth, and would ultimately be unsustainable, Keynesians assert that...

Although the coronavirus pandemic has now faded into the background, the global crisis caused by COVID-19 has had the most devastating impacts worldwide. Given the potential relapse of such unexpected and uncertain events, it is vital to specify the patterns thereof and develop proactive...

Energy efficiency improvements are a key component on the road towards a carbonneutral economy. We identify the development of energy efficiency in the data and show that in recent decades it has increased at the aggregate level. At the sectoral level, however, the development in energy...

This paper explores the short and long run dynamics of inflation in Pakistan using Johansen Co-integration Technique covering data from 1972-73 to 2012-13. Consumer Price Index (CPI), Exchange Rate (ER), Government Borrowing (GB), Non-Government Borrowing (NGB), Real GNP (RGNP), Indirect Taxes...

Frontmatter -- Contents -- Acknowledgments -- Introduction. We Become What We Measure -- 1. More, Better, Faster: The Beginnings -- 2. The Origins of Bling: The Spirit of Economic Growth -- 3. The Crucible of Crisis: The Great Depression and the Need for Economic Indicators -- 4. Born from...