New goods are at the heart of economic progress. The eleven essays in this volume include historical treatments of new goods and their diffusion; practical exer

Although inflation is much feared for its negative effects on the economy, how to measure it is a matter of considerable debate that has important implications

Inflation is regarded by the many as a menace that damages business and can only make life worse for households. Keeping it low depends critically on ensuring t

The consumer price index (CPI) measures the rate at which prices of consumer goods and services change over time. It is used as a key indicator of economic perf