The Zeuthen Lectures offer a forum for leading scholars to develop and synthesize novel results in theoretical and applied economics. This series presents advances in knowledge in a form accessible to a wide audience of economists and advanced students of economics. Topics range from abstract theorizing to economic history. Regardless of the topic, the emphasis of the series is on originality and relevance. The Zeuthen Lectures are organized by the Institute of Economics, University of Copenhagen and are named for the late Frederik Zeuthen.