Publisher's Synopsis
These essays span the author's thirty years in professional economics. Fundamental papers on vertical (industrial) control, property rights, approaches to market behaviour, macroeconomic dynamics and the paper-money systems of 18th century British North America are revised and reassembled and their seminal notions infused into fresh studies.;These are concerned with innovated financial markets in institutionally-featureless regimes, a reconstruction of Wicksell's Cumulative Process, a radical reappraisal of Alexander Hamilton's financial system (and the economic literacy of Thomas Jefferson), reconsideration of "time in economics" and a new appproach to diffusion in forward-looking markets of innovated products subject to further technical improvement. The studies imitate the expansion of a nucleus of primary economic logic - unifying regions that may seem unrelated.;The author has also written "Money", "Economic Theory" and "New Directions in Economic Policy".
