The author, a noted economist and diplomat, traces the evolution of money and the institutions and techniques for its management and mismanagement from Lydian coinage to 20th century inflation.
"These crises happened in the fourteenth, seventeenth, and late eighteenth centuries. They were followed by long periods of comparative equilibrium : the Renaissance, the Enlightenment, and the Victorian era. In all of these eras prices fell and stabilized, wages rose, and inequ…
The past twenty years have been an era of economic disappointment in the United States. They have also been a time of intense economic debate, as rival ideologies contend for policy influence. Above all, they have been the age of the policy entrepreneur - the economic snake-oil …
Optimal growth theory studies the problem of efficient resource allocation over time, a fundamental concern of economic research. Since the 1970s, the techniques of nonlinear dynamical systems have become a vital tool in optimal growth theory, illuminating dynamics and demonstra…
"This collection of seventeen essays treats the three core topics of macroeconomics - economic growth, inflation, and unemployment. In all three topic areas, the essays have established the context of macroeconomic discussions, including the author's early skepticism that the Ne…
The 17 seminal essays by Robert J. Gordon collected here, including three previously unpublished works, offer views on the principal topics of macroeconomics - namely, growth, inflation, and unemployment. The author re-examines their salient points in a creative, accessible intr…
This analysis of poor economic reasoning "weaves together recent articles and addresses, some of them never before published, into a short, compelling narrative on the major issues of the 1990s: unemployment, globalization, economic growth, financial speculation ... corporate do…
"Why did VHS, an inferior video recorder technology, succeed in the marketplace, driving the superior Betamax out of business? Why do big-budget, acclaimed movies sometimes flop at the box office, while low-budget, idiosyncratic films become huge hits? The answers to these quest…
The Economic Geography of the Tourist Industry explores how tourism is defined and examines whether or not tourism can be conceptualized as an industry. Detailed analyses of key sectors of the travel and tourism industry, such as tour operators, airlines and the hotel industry, …
