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Quantitative Aspects of Post-War European Economic Growth
A quantitative account of European growth since 1950 which combines historical and economic expertise.
Hearings
None
IMF Staff papers
This paper presents views of Professor Robert Triffin on international liquidity and the role of the IMF. The paper is an exposition of Triffin's diagnosis of present and prospective difficulties in the international financial area and of his prescriptions for dealing with these difficulties. It should be noted at the outset that Triffin has focused attention upon some major problems of international liquidity and international financial organization. His diagnosis of present and prospective difficulties, and his recommendations for meeting these difficulties, are acute and thought provoking. The expanded IMF is nowhere clearly directed to provide an adequate rate of growth of reserves, the prospective inadequacy of which is responsible for its being, nor is it told what an adequate rate of growth would be. The reader must conclude that Triffin proposes to expand the functions of the IMF and give it a full armory of central bank instruments, but that he is unwilling to provide it with an explicit statement of policy objective, let alone any specific guides to operations policy.
Welfare aspects of industrial markets
The present volume of essays on industrial organization, which are based on conferences held at Nijenrode and Brussels, differs considerably from its predecessor. Even more than in the first volume the essays demonstrate the broad scope of industrial organization analysis. Besides the traditional topics such as economies of scale, monopoly and competition policy, there are essays on methodology, on stagflation, and on the relationship between industrial struc ture and international trade and trade policies. The latter topics are of growing importance. The issue of restructuring industries and the question of whether free trade or some measure of protection is more appropriate are topics of i...
Education and State Formation
Britain was the last major European state to create a national education system and is set to be the first to dismantle it. In this wide-ranging comparative study, Andy Green examines the reasons for the uneven development of public education in England, Prussia, France and the USA.
The Personal Distribution of Incomes (Routledge Revivals)
First published in 1976, the essays in this volume are concerned with the distribution of income and wealth. The papers were first presented at the Royal Economic Society’s conference in 1974, which examined the evidence concerning the personal distribution of earnings, compared the distributions apparent in different periods and societies, and studied the association between personal attributes and income. The contributions, from internationally-renowned authors, reflect these areas, and address the questions surrounding inequality, the taxation of wealth and capital transfers that remain relevant in twenty-first century society.
Education in Germany
The German education and training system has been the subject of considerable attention from other nations, and has often been used as a model. David Phillips' book brings together articles from some of the best known names in the field including Mitter, Glowka, Hearnden, Fuhr, Robinsohn and Prais and wagner. The book is organised into four sections. Section one examines the historical inheritance of the present education system. Section two covers standards and assessments and section three discusses vocational education and training, and area of the German education system which has received much admiration. Finally, and crucially, section four addresses questions about the future of the current system in a unified Germany.
Aggregation, Consumption and Trade
In this testament to the distinguished career of H.S. Houthakker a number of Professor Houthakker's friends, former colleagues and former students offer essays which build upon and extend his many contributions to economics in aggregation, consumption, growth and trade. Among the many distinguished contributors are Paul Samuelson, Werner Hildenbrand, John Muellbauer and Lester Telser. The book also includes four previously unpublished papers and notes by its distinguished dedicatee.
International Comparisons of Vocational Education and Training for Intermediate Skills
Paul Ryan has brought together the writings of the most prominent British research into vocational preparation in Britain in comparison to the other advanced economies, primarily within the EEC. The book, originally published in 1991, documents various aspects of inadequacy in British practice at the time, concentrating upon intermediate skills, which are of crucial importance for economic performance. The introduction outlines the strengths and weaknesses of comparative research. Part 1 discusses the use which has been made of it by policy makers in Britain and various aspects of comparative methods in practical comparisons, including an Anglo-Scottish one. Part 2 concerns vocational prepar...
An Engine, Not a Camera
In An Engine, Not a Camera, Donald MacKenzie argues that the emergence of modern economic theories of finance affected financial markets in fundamental ways. These new, Nobel Prize-winning theories, based on elegant mathematical models of markets, were not simply external analyses but intrinsic parts of economic processes. Paraphrasing Milton Friedman, MacKenzie says that economic models are an engine of inquiry rather than a camera to reproduce empirical facts. More than that, the emergence of an authoritative theory of financial markets altered those markets fundamentally. For example, in 1970, there was almost no trading in financial derivatives such as "futures." By June of 2004, derivat...
