Axel Leijonhufvud

Why do governments prefer to limit themselves to a specific inflation target? Specialists and senior officials of the European Central bank, the OECD and national central banks look beyond inflation targeting as the goal of monetary policy. Among the contributing, Nobel Laureate Robert Mundell surveys the history and prospects of the sovereignty of the state over money, while Michael Bordo and Lars Jonung use data of 14 industrialized countries to show relationships between fiscal and monetary regimes.

Jean-Paul Fitoussi is one of the world's foremost macroeconomists. This celebration of his work includes contributions from Nobel Prize winning economists Kenneth Arrow & Robert Solow as well as Olivier Blanchard & sociologist Edmond Malinvaud.

Touching on themes such as capital theory, expectations, policy, market theory and the history of economic thought, this volume centres on the relationship between Austrian and Swedish economics, and should appeal across a wide range of disciplines with economics as well as the philosophy of social science.

This book studies the three issues that have been pursued by Austrian economists in post-revival years and weaves them together to construct a systematic presentation of Austrian macroeconomics.

John Maynard Keynes and Friedrich Hayek had serious differences of opinion when it came to assessing the fractured inter-war world. G.S. Steele picks apart this debate and argues persuasively that Hayek's outlook will prove to be the more enduring.

This book looks at very high inflations, exemplified by those suffered by Argentina, Bolivia, Brazil, Israel, Mexico, and Peru in the eighties and by the Soviet Union today. The authors argue that a better grasp of high inflation processes is necessary in order for countries intricated in it to design stabilization strategies. The extremes of monetary instability can also give a clearer picture of the purpose that money and financial institutions serve under more normal circumstances, thus deepening our understanding of the benefits of monetary stability. This study will be of interest to scholars of macroeconomics, economic theorists and applied economists.