7 articles in this issue
K.W. ROTHSCHILD
Some people consider that economics has undergone something of a crisis in recent years and that it has promised more than it can live up to. In this article, Kurt W. Rothschild presents his view on the state of a subject that he has studied since 1934. H... see more
G.C. HARCOURT
The article is a tribute to Richard Ferdinand Kahn, a member of the Faculty of Economics and Politics at Cambridge, who died on 6 June 1989. The author draws freely upon Kahn’s own writings as well as those of many other authors to recount his life and ac... see more
G.J. ALMEKINDERS,S. EIJFFINGER
Economists disagree as to whether there is any necessity for central bank intervention in the foreign exchange markets, given a free floating system. The aim of this literature survey is to assess the objectives of central banks when they enter the foreig... see more
H.G. GRUBEL,M.A. WALKER
Some economists have been concerned with the phenomenon of rapid and growing service sector employment and output in the United States. De-industrialisation has been viewed as a threat to the long-term viability of the economy. This paper provides a rebut... see more
P. BOFINGER
This paper attempts to assess the advantages and disadvantages of a payments union for the Eastern European member countries of the former Council for Mutual Economic Assistance (CMEA). The main question is whether CMEA countries should be subject to a ‘s... see more
J.M. VAN BRABANT
The work is a critique of P. Bofinger’s “A multilateral payments union for Eastern Europe?” in which the author highlights some of the critical issues that Bofinger belittled or ignored.JEL: P20, F33
A brief response to J.M. van Brabant’s critique of “A multilateral payments union for Eastern Euro?”JEL: P20, F33