Historical Inequality, Economic Growth and Short-Run Economic Fluctuations

Abstract

Applied Economics Journal Vol.21 No.2 (December 2014), is honored by international economists to have opportunities to present their book reviews. First, “The aggregate production function and the measurement of technical change: Not Even Wrong” is reviewed by Wolfgand Eicent. This book is extremely powerful. It demonstrates a noteworthy viewpoint on the aggregate production function. On the other hand, the environmental economists may be thrilled with the review of “Economics of the Oceans: Rights, Rents and Resources” by John Lynham. This book examines the issue and provides a comprehensive study of ocean uses from the perspectives of law and economics using microeconomic theory.