Volume 8, No. 1 (Spring 2005) This paper proceeds by explaining deflation and aggregate price determination in more detail. Then, some facts about the development of Japan, 1990–2001, are provided...
Richard C.B. Johnsson
Latest work
Abstract : It is a well-known empirical result that self-finance is an important option for people when financing entrepreneurship. It is, however, not entirely clear what the theoretical explanations...
I find the argument that Ricardo’s great principle doesn’t hold because money or persons move around more easily than goods strange. Although logistics is important in actual trade, I can’t see what...