The Manchester School
© 2014 John Wiley & Sons Ltd and The University of Manchester 2014
Edited By: Chris Orme
Impact Factor: 0.454
ISI Journal Citation Reports © Ranking: 2012: 241/333 (Economics)
Online ISSN: 1467-9957
The Manchester School Virtual Issue
A special collection of 13 articles to mark 80 years of publishing the journal, all freely available online.*
"If a school of thought really exists at Manchester to-day, we do well to insist that it is a school of method and not of dogma, of research and not of conclusions." T.S. Ashton (1930), The Origin of "The Manchester School”, Vol. 1, Issue 2, pp. 22-27.
The Manchester School was first published in 1930 and has become a distinguished, internationally recognised, general economics journal. We are proud that it is still edited from the Economics Department at The University of Manchester, which is housed in the Arthur Lewis Building; so-named in honour of one of Manchester’s most distinguished economists. Much has changed in the intervening years but the current Editorial Board aims to uphold the fundamental principles of the journal’s founding editors.
This collection marks 80 years of publishing the journal, up to 2012, and brings together articles that have both shaped the intellectual reputation of the journal (from Robbins, 1936, to Artis and Lewis, 1976) and have exerted enormous influence on the discipline and wider society (Lewis, 1954). The macroeconomic flavour of the journal from the late 50’s through to early 70’s reflects the broad research of the Manchester Economics faculty at the time – many of whom contributed their work to The Manchester School (and too numerous to include here) – and it is this fine tradition on which the journal has established a strong and mutually supportive association with The Money, Macro & Finance group, whose Conference Proceedings we publish and which has provided some significant contributions to the literature (including Woodford, 1999, Cuckierman and Gerlach, 2003, and Casu and Girardone, 2006).
More recently, the editorial direction has moved with mainstream economics and aim to remain a general interest journal, publishing research in microeconomics (including industrial organisation and game theory), macroeconomics, econometrics (both theory and applied) and labour economics. Inevitably, the journal reflects the tastes of the Editors with the contribution by Davidson and McKinnon (1998) being a case in point. But we hope that it will continue to promote important research wherever we may find it and, in particular, from Manchester with the final contribution from Agénor and Neanidis (2011) emerging from Manchester’s current research at the forefront of development macroeconomics.
The Place of Jevons in the History of Economic Thought
The Economics of Uniform Pricing Systems
R. H. Coase
Economic Development with Unlimited Supplies of Labour
W. Arthur Lewis
The Gains from Freer Trade with Europe - An Estimate
Harry G. Johnson
The Demand for Money in the United Kingdom - 1963-1973
M.J. Artis and M.K. Lewis
The Choice of Monetary Instrument Under Alternative Forms of Price Expectations
Stephen J. Turnovsky
Graphical Methods for Investigating the Size and Power of Hypothesis Tests
Russell Davidson and James G. MacKinnon
Optimal Monetary Policy Inertia
Patent Licensing: The Inside Story
Morton I. Kamien and Yair Tauman
The Inflation Bias Revisited: Theory and Some International Evidence
Alex Cukierman and Stefan Gerlach
Bank Competition, Concentration and Efficiency in the Single European Market
Barbara Casu and Claudia Girardone
The Allocation of Public Expenditure and Economic Growth
Pierre-Richard Agénor and Kyriakos C. Neanidis
*The articles featured in the virtual issue are freely available online until 31st December 2013.