PHILIP ARESTIS Department of Economics, University of East London, London, England IRIS BIEFANG-FRISANCHO MARISCAL Department of Economics, University of East London, London, England VILLY BERGSTROEM Chief Editor, Dala-Demokraten, Falun, Sweden DAVID COLANDER Department of Economics, Middlebury College, Middlebury, Vermont, USA WENDY CORNWALL Department of Economics, Mount St. Vincent University, Halifax, Canada RED CROSS Department of Economics, University of Strathclyde, Glasgow, Scotland JAN FAGERBERG ESST, University of Oslo, Oslo, Norway JOHN FOSTER Department of Economics, University of Queensland, Brisbane, Australia GEOFFREY HARCOURT Faculty of Economics and Politics, University of Cambridge, Cambridge, England SHAUN HARGREAVES HEAP School of Economic and Social Studies, University of East Anglia, Norwich, England GEOFFREY HODGSON Judge Institute of Management Studies, University of Cambridge, Cambridge, England JOHN MCCOMBIE Fellow in Economics, Downing College, Cambridge, England MEHDI MONADJEMI Department of Economics, University of New South Wales, Sydney, Australia BASIL MOORE Department of Economics, Wesleyan University, Middletown, Connecticut, USA PASCAL PETIT CEPREMAP, Paris, France STEVEN PRESSMAN Department of Economics and Finance, Monmouth University, West Long Branch, New Jersey, USA KURT ROTHSCHILD Emeritus Professor of Economics, University of Linz, Linz, Austria PETER SKOTT Department of Economics, University of Aarhus, Aarhus, Denmark DOUGLAS STRACHAN Department of Economics, University of Strathclyde, Glasgow, Scotland BART VERSPAGEN MERIT, University of Maastricht, Maastricht, Netherlands.