The first volume of three, this text comprises papers examining the
latest developments in economic theory, applied economics and
econometrics presented at the Seventh World Congress of the
Econometric Society in Tokyo in August 1995. The topics were
carefully selected to represent the most active fields in the
discipline since 1990. Written by the leading authorities in their
fields, each paper provides a survey of the current state of
knowledge in economics. Designed to make the material accessible to
a general audience of economists, these volumes should be helpful
to anyone with a good undergraduate training in economics who
wishes to follow new ideas and tendencies in the subject.
General
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