Nobel Laureate Robert Solow explores how changes in social accounting practice could contribute to more rational debate and action in crafting economic and environmental policy. A thoughtful work about the wise use of society's natural resources, intergenerational equity, and the translation of ideas about sustainability into real policy.
edited and with an introduction by Benjamin M. FriedmanThe connection between price inflation and real economic activity has been a focus of macroeconomic research--and debate--for much of the past century. Although this connection is crucial to our understanding of what monetary policy can and cannot accomplish, opinions about its basic properties have swung widely over the years.Today, virtually everyone studying monetary policy acknowledges...
Today the Eurozone is in turmoil, beset by stresses and strains that could challenge Europe's very construction. How did the current crisis come about, and how may it be resolved? And what does it mean for Europe's historic experiment in political and economic integration? This book addresses these questions.
This work begins with a brief exposition of Kenneth J. Arrow's paper "The Economic Implications of Learning by Doing" (1962). It shows how Arrow's idea fits into the modern theory of economic growth, and uses it to consider contemporary developments in growth theory.
Nobel laureate Solow shows how Kenneth J. Arrow's classic paper "The Economic Implications of Learning by Doing" fits into the modern theory of economic growth, and uses it as a springboard for a critical consideration of spectacular recent developments that have made growth theory a dynamic topic today.
