A Journey Through the History of Economics -- Stone Age, Antiquity, and Pre-Classical Period -- Classical Economics -- Neoclassical Economics and Recent History -- Present Day -- Current and Future Challenges of the Economy -- The Quintessence of Economic Thought -- The Most Urgent Issues of...

This paper deals with the relationship between deflation and economic growth. Although there are numerous theories on the potential effects of deflation on real output, empirical evidence in this field is still scarce and partial. In order to explore the relationship between prices and output in...

This paper examines the time-profile of the impact of systemic banking crises on GDP and industrial production using a panel of 24 countries over the inter-war period and compares this to the post-war experience of these countries. We show that banking crises have effects that induce medium-term...

Antimicrobial resistance (AMR) is currently the focus of much media attention and policy discussion. A historical perspective on AMR suggests that although the challenge of AMR is real, the doomsday tone of most commentary is unwarranted. That is partly because most of the gains in life...