Titlebook: Economics in a Changing World; Volume 5: Economic G Jean-Paul Fitoussi Book 1995 Palgrave Macmillan, a division of Macmillan Publishers Lim

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Die Ethik der Patient-Arzt-Beziehung,tes that have plagued macroeconomic theory for so long. Unlike Keynesianism, monetarism, new classicism and real business cycle theory, the endogenous growth movement has not divided the discipline of macroeconomics into two opposing camps. Instead, there has been an almost total absence of controve

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https://doi.org/10.1007/978-1-4302-6344-9 returns were driven by news about future dividends. Since finance theory has little to say about the economic forces behind dividend expectations, finance economists were generally content to treat unexpected stock returns as exogenous, and to work instead on the determination of mean returns given

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Mark Beckner,Kishore Dharanikota, France, Japan, and the United Kingdom, the drop in national saving amounted to about 5 per cent of GDP. Since 1987, savings rates have recovered somewhat, but as of 1994 remain substantially below their levels in the early 1970s (see Table 9.1 and Figures 9.1 and 9.2).

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Developing High-Performance Solutions,kets have been widely discussed in the literature: (i) the process by which employee meets employer to start negotiations is inefficient; and (ii) the wage/employment/effort outcomes agreed once employer and employee (or their representatives) have started negotiating are inefficient. It is the latt