'... the volume constitutes an important collection, which portrays the evolution of the Phillips Curve and the potency of policy debates in a single canvas in an elegant and comprehensive manner. The gaps that seem to have remained may be remedied by the editors in the form of a companion...

We argue that the effectiveness of capital as an entry barrier depends critically on its durability and that this aspect of capital has been largely ignored. We examine strategic decisions with respect to capital durability in two models. In a broad range of cases an active policy with respect...

The relationship between productivity, technology and economic growth has been debated extensively in the endogenous growth, growth accounting, New Economy and policy literature. This paper briefly surveys the literature on total factor productivity (TFP) calculations - the various techniques...