In his ‘New Guide’ to The General Theory, Mark G. Hayes presents Keynes’s illustrious work as a sophisticated Marshallian theory of the competitive equilibrium of the economy as a whole. This unique book takes full account of the nature of time and money and illustrates that The General...

This book presents a controversial account of the work of Adam Smith, challenging prevailing orthodox thought on Smith’s contribution to economics. It argues that Smith’s fame as an economic analyst and economic historian is undeserved.

Productivity growth is the main vehicle to increase the standard of living. This book explains the relationships between technological change, efficiency, productivity growth and performance. The emphasis is on the interplay between industries in modern economies. The book provides a broad yet...

Economic Growth and Distribution isolates and compares the logical structures and methodological underpinnings underlying the relationship between economic growth and distribution. It carries out an in-depth analysis of a wide range of issues connected with growth theory considered from...

Taxation and Economic Behaviour offers a number of broad introductory surveys in the areas of public economics and public finance. Divided clearly into two parts – measurement issues and taxation and economic behaviour – this innovative collection of articles consists of published refereed...

The global financial crisis and its aftermath saw boom-bust cycles in cross-border capital flows of astounding magnitude. Issues of capital account liberalization and the imposition of capital controls are back in the headlines, and on researchers’ agendas. This comprehensive and timely volume...

This major historical investigation analyses the causes and consequences of debt and deficits from the late 17th century to the 1990s. The internationally acclaimed group of authors examines the ideas and events that have changed economists, politicians and policy makers’ views on public debt...

Most of the studies conducted to examine the growth performance of many developing economies are based on the traditional neoclassical growth frameworks. This book takes an alternative path. It employs a blend of historical, neoclassical, Kaldorian, and endogenous growth frameworks to shed...

An integrated labour market model (a revision of the Harris–Todaro dualistic labour market model) is presented which can be used to analyze labour market operation in other developing countries. The effectiveness of various policies adopted by the Taiwanese government in tackling high...