Frontiers in Economics

Description

Economic Theory, academic policy analysis and public policy design are becoming more interdependent. Hence, the demands for close interactions between the policy community and the research community have been rising significantly. This book assesses how recent economic thinking has advanced under these influences. Furthermore, it evaluates the important contribution economics can add to the design and evaluation of public policy, now more than ever before. The study is of interest to policy makers, policy analysts, researchers and students of economics at all levels. The authors, which include many of Germany's most eminent economists, draw on their wide experience in research and consultancy to present a coherent view of where European economic theory stands today and how it can play a role in the management of the economy of the new millennium. Front Matter....Pages I-XVI Monetary Theory, Monetary Policy, and Financial Markets....Pages 1-36 Public Economics....Pages 37-94 Labor Economics....Pages 95-126 Institutions and Transformation — Possible Policy Implications of the New Institutional Economics....Pages 127-184 Antitrust and Regulation — The View of New Institutional Economics....Pages 185-234 Economics of Networks....Pages 235-268 Growth, Structural Change, and Employment....Pages 269-310 Economics of the Personal Distribution of Income....Pages 311-370 Game Theory and Experimental Economics....Pages 371-420 Summary and Recommendations....Pages 421-461 Back Matter....Pages 463-477