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In 1950, Armen Alchian published his paper "Uncertainty, Evolution and Economic Theory" (reprinted in this volume), a paper of striking originality, whose importance was immediately perceived and which gained him international recognition. It was clear that economics had a new master. Alchian has made important contributions to the economic analysis of inflation and unemployment and to the theory of costs and of the firm. He has played the leading...
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Nobel Prize-winner Milton Friedman makes clear once and for all that no one is immune from monetary economics--that is, from the effects of its theory and its practices. He demonstrates through historical events the mischief that can result from misunderstanding the monetary system--how, for example, the work of two obscure Scottish chemists destroyed the presidential prospects of William Jennings Bryan and how Franklin D. Roosevelt's decision to...
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"The greatest success of the International Monetary Fund and the World Bank has been as globalizers. But at whose cost? Would borrowing countries be better off without the IMF and World Bank? This book takes readers inside these institutions and the governments they work with. Ngaire Woods decodes what they do and why they do it, using original research, extensive interviews carried out across many countries and institutions, and scholarship from...
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