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This volume presents papers which were given at a conference of the Liberty Fund, Washington, co-sponsored by the Carl-Menger Institute, Vienna. The conference took place in Vienna in January 1988. All papers were subject to a refereeing process; some of them had to be revised very extensively. The economics of progressive taxation have been a research topic ever since economists have dealt with the economic role of the state. Old puzzles are the best: the theoretical underpinning of progressivity still is not fully convincing, even after 200 years of economic research. In the present volume...

This book gives a comprehensive account of traditional and more recent developments in macroeconomic theory. It is primarily written for students at the intermediate level. The book differs from the customary expositions in that the authors do not discuss topic by topic, but doctrine by doctrine. Thus, the main approaches, such as Classical theory, Keynesian theory, theory of portfolio selection, monetarism, rational expectations theory, and Neokeynesian "disequilibrium" theory, are presented in historical order. Each of these approaches is substantiated and criticized in a self-contained...

Die hervorragende Aufnahme, die dieses Buch seit seinem erstmaligen Erscheinen im Jahr 1984 in der Fachwelt und bei den Studenten erfahren hat, zeigt, dass es den Autoren gelungen ist, den Leser umfassend in den derzeitigen Stand der makrookonomischen Theorie einzufuhren. Das Buch, das auch in englischer, griechischer, russischer, slowakischer und ukrainischer Sprache vorliegt, kann als ein Standardwerk bezeichnet werden. Anlass fur seinen Aufbau gab die Vielzahl konkurrierender Theorien auf dem Felde der Makrookonomik, deshalb unterscheidet sich das Buch von den gangigen Darstellungen durch...

This is a macroeconomic textbook for the intermediate level. It presents the main approaches: Classical theory, Keynesian theory, theory of portfolio selection, Monetarism, Rational Expectations theory and Neokeynesian "disequilibrium" theory, each of them in a self-contained chapter. The relations and differences between them are also discussed.

This volume discusses some economic aspects of immigration with special refer ence to the case of Germany. Immigration has become a major issue in Germany. Germany still does not have an official immigration policy in spite of the fact that more than 8 percent of the residents are non-citizens and that Germany . s immigration figures almost have reached the US figures. The foreign Iabor supply strongly influences the German Iabor market. The bulk of foreign workers is employed in certain industries. In some industries (mining, steel) 20 and more percent of the employees are foreign workers....