Analysing how price expectations are formed is essential since the dynamics of market prices are mainly driven by the agent’s belief concerning the future values of prices and by the uncertainty characterising these values. This is a difficult task as prices are highly volatile in most markets...

In this book, well-known economists and policymakers look at the next step in the integration process for accession countries: accession to European Monetary Union (EMU). They debate which monetary and exchange rate strategies are optimal during the run-up to EMU, and consider the conflict that...

Macroeconomic policies have come under justifiable scrutiny because of their powerful and pervasive impacts throughout the economy. This book examines the sustainability of growth-oriented macroeconomic strategies, starting from early ideas linking macroeconomic policies, growth and...

This book is the first of two volumes of Alec Nove’s previously unpublished writings, and it brings together a lifetime of thought and experience of the economics of the real world. Alec Nove believed that economic theory should be constructed from real experience and not simply theory which...

This major title features a key selection of Professor Rothschild’s work in the areas of economic methodology, theory and policy. Specific issues discussed include advertising, price theory, competition, economic growth models, economic forecasting, the subjectivist Austrian school, oligopoly,...

This provocative book examines the standing of Say’s Law two centuries after its initial statement in 1803.

The Companion places Alfred Marshall’s ideas in their historical context, highlighting the many streams of social research originating from them. The contributors form a remarkable cast of leading experts, covering a spectrum of Marshallian themes and issues.

The development of the modern global trading system has been extremely rapid – and not without controversy. The WTO (and its precursor, the GATT) have provided not only a set of multilateral rules and disciplines but also a forum for negotiation and a legal mechanism to settle trade-related...

This major authoritative three volume work gathers together for the first time the seminal articles and papers – many of which are widely dispersed in rare publications – which provide the foundation and development of the Austrian School of Economics.

Money and Business Cycles, the first volume, is devoted almost exclusively to Hayek’s trade cycle theory and the related dynamic economics with sections on money and the trade cycle, Hayek and structural theories of the business cycle, and Hayek and equilibrium business cycle theory. The...