Peter Howitt is best known for his contributions to growth theory, but his work in short- run economics, which began with his Ph.D thesis and still continues, is important and deserves attention. It lies firmly in the Keynesian macro-disequilibrium tradition of Clower and Leijonhufvud, and for a...

Modern mainstream macroeconomics treats the economy 'as if' always in equilibrium. Two older traditions, Monetarism and the Wicksell Connections have always dissented, arguing that how agents gather information and apply it to the co-ordination of their activities are prior problems requiring...

The History of Economics Society was founded at a time when the History of Economic Thought was being expelled from the Economics post-graduate curriculum in many universities, and was one of the key institutions around which the sub-discipline successfully re-organised itself and continued to...

Friedman's Presidential Address was about "The Role of Monetary Policy". Its famous discussion of inflation-unemployment inter-relationships was subservient to this broader topic. The program it promoted influenced monetary policy in the '70s and early '80s with mixed results, but enough of it...

Lucas (1972) was a paper that permanently changed the course of macroeconomics, even though its "money supply surprise" model lost its central place in the area within a decade because of empirical difficulties. However, Lucas's novel methodology, based on clearing markets and rational...

It is widely believed that Friedrich von Hayek's first encounter with Gunnar Myrdal involved the latter's last-minute contribution, as a replacement for Erik Lindahl, to a Sammelband edited by the former in 1933, and that Hayek was lukewarm towards Myrdal and his ideas from the very beginning....

In order to promote the exchange of ideas and to support its own research capacity, the Oesterreichische Nationalbank regularly invites internationally renowned economists for short guest professorships. This year, from June 12 -14 2006, David Laidler gave three public lectures on topics related...

The debate about Canadian-U.S. monetary integration is surveyed. The choice is among overall monetary orders,rather than exchange rate regimes and questions of policy credibility and political accountability are crucial. Canada's recent economic performance under inflation targets, and arguments...

Mayer über Monetarismus: Anmerkungen aus britischer Sicht Ich habe an Mayers Aufsatz substantiell wenig zu bemängeln. Allerdings werden in verschiedenen Ländern unterschiedliche Seiten des Monetarismus hervorgehoben. Meine Anmerkungen beziehen sich auf den Monetarismus aus britischer Sicht....