The Economy as Process of Valuation sheds new light on the potential benefits of concept and theory formation along dynamic and evolutionary lines for understanding economic processes. The emphasis is on aspects of the economy as a process of valuation rather than as a mechanistic result of...

This two-volume collection examines the major developments in growth theory over the past decade. Key papers by leading scholars cover new trends in theoretical and empirical research. The first volume shows how new research has improved our understanding of the empirical patterns of economic...

This coherent thematic selection of Professor Mayer's most significant recent essays, some of which are published here for the first time, reflects his most important work in macroeconomic policy. The essays focus on the structure and ideology of monetarism, macroeconomic theory and economic...

Money, Inflation and Employment examines issues of economic policy and theory through a series of original essays written in recognition of Sir James Ball’s seminal contribution to macroeconomic modelling, forecasting and economic policy making. Contributions by leading policy makers...

The world-wide trend towards deregulation, internationalization and conglomeration in financial markets may have substantially increased banking efficiency, but it has also highlighted the need for prudent controls to secure consumer protection and financial stability. This important new book...

The degree of international financial integration achieved by capital flows remains a matter of debate. Furthermore, it evolves over time as markets become more and less integrated. Policymakers want to have a precise knowledge of the extent and direction of international capital flows because...

The book focuses on the way in which investors process information and form expectations about future gains. It argues that humans fall short of the perfect information processing required by theory, and that their expectations are based on more than just future company earnings.