This book explains the importance of the history of economic thought in the curriculum of economists, whereas most discussions of this kind are devoted only to explaining why such study is of value simply to the individual economist. Steven Kates reaches out past the individual to explain the...

Contents: Introduction -- 1. The purpose of this book and why only I could write it -- 2. The background -- 3. The Keynesian revolution and classical theory -- 4. Understanding classical presuppositions, terminology and concepts -- 5. The classical theory of value and the marginal revolution --...

1. Preliminary thoughts -- 2. Why study the history of economic thought -- 3. Debating the role of the history of economic thought -- 4. Teaching the history of economic thought -- 5. Defending the history of economic thought.

Volatility in exchange rates is decomposed into components associated with domestic and international concerns for six Pacific Rim currencies. A latent factor model is used to model bilateral exchange rate changes as the weighted sum of three factors; two factors are uniquely associated with...