This paper ams at providing theoretical bases for real interest accounting. Section II presents empirical evidence which corroborates the use of real interest in the evaluation of the budget deficit and other macroeconomic ...

O trabalho trata de refazer modelos macroeconômicos usuais, como por exemplo o IS-LM, com a introdução de um agregado amplo de liqüidez, o M4. Faz-se uma cuidadosa análise da identidade de Walras, estendendo-se Simonsen ...

The commitments and working requirements of abstract, applied, and art of, economics are assessed within an analogy with the fields of inert matter and life. Abstract economics is the pure logic of the phenomenon. Applied ...

Given a significant element of truth in 'Public Choice', a modest element must be found when a similar approach is made to the behavior of economic scientists. Harry Johnson found this in 'The Keynesian Revolution and the ...