This article examines the first appearances of the isoquant, a concept that is central to production and supply theory. It appears to have been discovered independently by Bowley, Frisch, Cobb, and Lerner, in that order. Frisch coined the term isoquant. It is possible but not likely that Frisch...

The exclusion process is an interacting particle system in which particles perform random walks on a lattice except that they may not move to a position already occupied. In this paper we show how techniques derived from quantum mechanics may be used to achieve asymptotic results for an...

New partial-equilibrium forms of the Trade Restrictiveness Index and the Mercantilist Trade Restrictiveness Index have recently been used by the World Bank and others. In this paper we examine the bias in the partial-equilibrium forms due to the neglect of general-equilibrium effects. We propose...

AustraliaÂ’s lacklustre economic growth performance in the first four decades following World War II was in part due to an anti-trade, anti-primary sector bias in government assistance policies. This paper provides new annual estimates of the extent of those biases since 1946 and their...

A Study of Economic Reform: The Case of New Zealand, edited by Brian Silverstone, Alan Bollard and Ralph Lattimore (Amsterdam: North-Holland, 1996), i + 518 pp., ISBN 0 444 81985 1. Free to Work: The Liberalisation of New Zealand's Labour Markets, by Wolfgang Kasper (St Leonards: Centre for...

China in the Global Economy focuses on the theme of twin transitions occurring in the Chinese economy: the transition from a centrally planned economic system to a market oriented one, and from an agrarian to a modern industrialised society. China's exporters face unprecedented competition in...

China in the Global Economy focuses on the theme of twin transitions occurring in the Chinese economy: the transition from a centrally planned economic system to a market oriented one, and from an agrarian to a modern industrialised society. China's exporters face unprecedented competition in...

This book explores Europe's third sector – the non-profit organisations and providers of social services such as mutuals, co-operatives, associations, voluntary organisations and charities: these elements of a civil society are important yet often overlooked features in contemporary...

This is a unique account of the role played by 58 figures and diagrams commonly used in economic theory. These cover a large part of mainstream economic analysis, both microeconomics and macroeconomics and also general equilibrium theory.