This is an original and controversial reflection on the course of human history and a remarkable attempt to develop a scientific model of laws for the social sciences. It:<BR> * considers the nature of laws and the reasons we might expect to find them in history<BR>* employs an underlying framework...

This paper considers the existence of a path of GDP corresponding to steady inflation in the prices of domestic goods. We estimate the steady inflation rate of growth, denoted the SIRG, at a little over 4 per cent per annum in the post-float period. Changes in inflation are modelled as a...