Journal of Economic Studies: Volume 2 Issue 1

MONETARY CORRECTION, CAPITAL MARKETS, AND OPEN‐MARKET OPERATIONS IN COLOMBIA

ROBERT J. BARRO

This paper is concerned with three interrelated aspects of financial development in Colombia‐first, the use of monetary correction, which involves the adjustment of various assets…

RURAL CREDIT AND INCOME DISTRIBUTION IN COLOMBIA

WAYNE R. THIRSK

Recently the World Bank, aid donors, and others have shown greater interest in improving the income prospects of small farmers in LDC's. This interest springs in part from the…

INFLATION, UNEMPLOYMENT AND EXTERNAL DEFICIT: THEORETICAL OBSERVATIONS AND POLICY CONSIDERATIONS

IMANUEL WEXLER, STEPHEN M. MILLER

Students of balance of payments theory are undoubtedly familiar with the various discussions concerning the use of monetary‐fiscal policies to attain internal and external…

WANTS, NEEDS, WELL‐BEING AND ECONOMIC GROWTH

LAUCHLIN CURRIE

This paper attempts to clarify the issues involved in the recurrent debate on the justification for identifying growth with increased well‐being.

THE COST OF ENTREPRENEURSHIP AND OUTPUT DECISIONS: CERTAINTY AND UNCERTAINTY

M.K. BLOCK, J.M. HEINEKE

In his classic paper, “A Note on Profit Maximization and Its Implications,” Scitovsky [1943] examines the conditions under which “… the maximizing of profits leads to the…

THE EXPECTATIONS HYPOTHESIS UNDER CHANGING EMPLOYMENT CONDITIONS

C. MULVEY, J.A. TREVITHICK

The purpose of this paper is to show that three factors, the location, the direction and magnitude of variations in the unemployment rate, will affect the actual rate of…