Baland,J.-M., Bourguignon,F., Platteau,J.-P. and T. Verdier,The Handbook of Economic Development and Institutions

Journal of Economics -     

The Collected Works of F.A. Hayek,Vol. 12: The Pure Theory of Capital

This paper discusses the Brazilian financial system and the impact of liquidity preference on regional development in Brazil. In the Post-Keynesian literature, endogenous money is introduced into economic activity through the credit provided by banks. The degree to which banks exhibit lower or higher liquidity preference is crucial to this process. Here we estimate the effect of liquidity preference and other financial variables on the number of Brazilian states' patents, in order to gauge the importance of the bank system to technological progress and regional development.     

F. H. G. Gruen: 1921-97

Economics Society of Australia Distinguished Fellow 1997 Fred Gruen was awarded the 1997 Economics Society of Australia Distiguished Fellow for his contribution to the Australian economics profession. Throughout his life Professor Gruen's writtings on economic policy were distinguished by their breadth, relevance and insight. His advice had direct influence on government policy, such as the 25 per cent tariff cut in 1973, and the reintroduction of the assets test on pensions in 1985. His contribution to the development of the economics profession included his role as President both of the Australian Agrucutural Economics Society and the Australian Academy of Social Sciences.
This citation has been shortened to accompany the following obituary.