This volume contains the correspondence between G.L.S. Shackle and S.F. Frowen from the time Shackle took up his first post-war academic appointment until his death in 1992. The correspondence, partly personal and partly professional, reveals a vital insight into Shackle both as a man and as an outstanding economist. His letters illuminate his thoughts on issues occupying his mind but also show the warmth and tremendous generosity he felt towards his friends. The centenary of Shackle's birth in 2003 seems an appropriate time for the publication of his letters.

Economists can no longer feel that they operate in a world of certainties. Ever since the demise of the era of macroeconomic fine tuning in the 1970s, with its exaggerated belief in the efficacy of policy making, economists have been confronted with a global economic and political environment which is subject to increasingly rapid change. It is no longer a world which is easy to interpret. It is, to use G.L.S. Shackle's word, kaledic. In the refiguration of economic thought that has been taking place in recent years in response to these changes, the work of G.L.S. Shackle (1903-1992) occupies...

This volume provides a critical assessment of the wide spectrum of Hayek's celebrated work as economist and social philosopher. Included are papers on Hayek's early writings in the field of monetary economics, on which his later campaign against inflation, his controversial proposal for competing currencies, and his negative view of the impact of trade unions on the economy are based. Hayek's social philosophy, often regarded as the centre piece of his famous work, and the fundamental findings about human thinking, society, the market system and social rules of conduct it is based on, is...

A collection of papers dicussing unknowledge and choice in economics. The topics focus especially on G.L.S.Shackle's theories and his place in subjectivist thought but also include time, choice and dynamics in economics and interest rates and investment decisions.

This interdisciplinary collection of essays takes a hard look at the gap between increasingly costs expectations of welfare including other social needs and available revenues. It shows that the issue is not a purely economic and certainly not a party-political one, but that it has significant ethical, some call it spiritual, components. From providing initially a broad account of welfare economics it presents contributions from political philosophers and theologians as well as accounts of successful initiatives to indicate the direction for solutions which will correspond to the complex...

The book assesses the most exciting experiment in modern economic history - the German currency union of 1990 - on three levels. Firstly the international consequences are analysed utilising different paradigms of monetary theory. These controversial results lead to a closer look at the relationship between monetary policy and production in Germany, and thirdly, the book concludes with a reconsideration of the old economic question, whether money matters, applied to the German case.