The global wage system

a study of international wage differences

Deflation

what happens when prices fall

An analysis of the benefits and consequences of deflation considers the possible link between significant historical deflation and the Great Depression, citing the causes of deflation while arguing for controlled and moderate deflation as a natural part of the economic cycle. 20,000 first printing.

Markets and diversity

A staunch neoclassical economist, Sherwin Rosen drew inspiration from Adam Smith's Wealth of Nations, particularly his theory of compensating wage differentials, which Rosen felt was central to all economic problems involving product differentiation and spatial considerations. The main theme of his collection is how ...

Minimum wages and employment

static and dinamic non-market-clearing equilibrium models

Christian Ragacs develops new contributions to the theory of minimum wages, while taking rationing and spill-over effects on markets other than the labour market into account. Following an introduction into the theory of minimum wages and a discussion of methodological problems, four new theoretical models ...

Deflaction

current and historical perspectives

Until recently fears of deflation seemed nothing more than a relic of the Great Depression. However, beginning in the 1990s, persistently falling consumer prices have emerged in Japan, China and elsewhere. Deflation is also a distinct possibility in some of the major euro area economies ...

The new finance

overreaction,cmplexity,and uniqueness

A supplement for undergraduate and graduate level courses in Investments, Behavioral Finance Theory, and related courses. This brief text makes the case for the inefficient market and the complexity and chaos on asset pricing, positioning the efficient market paradigm at the extreme end of a ...

The political economy of European unemployment

European integration and the transtionalization of the (un)employment question

This edited collection examines unemployment in Europe in the context of globalisation, the implementation of European Monetary Union and the Eastern enlargement of the EU. It combines theoretical chapters with detailed case-studies of Britain, The Netherlands, Italy, Spain and Central Europe. INDICE 1. Henk Overbeek ...

Unemployment, market structure and growth

The recent labour-market performance varies greatly between the United States and continental Europe on the one hand, and between the low- and high-skilled on the other. This book starts by presenting up-to-date empirical evidence on these stylised facts and on the importance of the intensity ...

How to reduce unemployment in Europe

Including contributions from some of the world's most respected economists, this volume examines the performance of the European labour market compared to the US market and the countries in Europe that might represent a best and worst practice, and offers "an economists' manifesto for ...

Experiencing wages

social and cultural aspects of wage forms in Europe since 1500

European and Canadian contributors from the distinct but related fields of wage and labor history offer different perspectives on the fundamental question of how people were paid for their work. Table of Contents: List of Figures and Tables 1 The wage in Europe since the ...

Teoría de los precios y aplicaciones

Para motivar el interés del estudiante, el autor recurre a aplicaciones del mundo real, las cuales se han obtenido tanto de la prensa económica como de la literatura académica. Las referencias al comportamiento actual de las empresas y de los consumidores refuerzan la materia teórica ...

Teoria de los precios.

Teoría positiva del capital

Eugen von Böhm-Bawerk es el líder indiscutible de la segunda generación de economistas de la llamada Escuela Austriaca de Economía y su Teoría Positiva del Capital, nos dice Schumpeter, es imprescindible dentro del instrumental de todo teórico y ha llegado a convertirse, con mucho, en ...

Indexing, inflation, and economic policy

Mainstream macroeconomics is under attack, professionally and in the popular press, as rarely before. Stanley Fischer has brought together this collection of essays in support of the view that mainstream macroeconomics can contribute much that it is both scientifically and socially useful to the analysis ...

La acumulación del capital y sus crisis

The rise and decline of nations

economic growth, stagflation and social rigidities

The years since World War II have seen rapid shifts in the relative positions of different countries and regions. Leading political economist Mancur Olson offers a new and compelling theory to explain these shifts in fortune and then tests his theory against evidence from many ...

Capital utilization

a theoretical and empirical analysis

This book presents the theory of capital utilization, a discussion of the econometrics of capital utilization, and econometric tests of the theory using international data. Capital utilization, defined as the proportion of time that capital is working productively, is mainly affected by shift-working. Capital utilization ...