Inflation - a serious economic problem (1960)
IT IS COMMONPLACE to say that inflation poses one of the most serious economic problems of our time. Many people are outraged by the social injustices which it implies. Many are alarmed by the realization that, although temporarily stimulating, it causes.
Explanations for business cycles (1943)
Such a complex phenomenon as the business cycle, which embraces almost all parts of the economic system, does not easily lend itself to explanation by anyone factor. Even if we assume from the beginning that the same explanation of the business cycle hold
The classical theories revisited (1933)
The only really systematic theory of international trade we possess is the' so-called classical theory, of which practically all the component parts were worked out by such early writers as Hume, Adam Smith and Ricardo.