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Although natural disasters have been found to influence economic growth, their impact on income inequality has not yet been explored. This paper uses cross-country panel data during the period 1965 to 2004 to examine how the occurrence of natural disasters has affected income inequality. The...
Persistent link: https://www.econbiz.de/10011107320
Standard economics starts with behavioral assumptions that are formally expressed as axioms. This approach met with little scientific success but still enjoys some popularity for lack of a convincing alternative. To replace the subjective formal foundations by objective structural axioms is the...
Persistent link: https://www.econbiz.de/10011107375
This contribution to the Festschrift in memoriam of Karl Brandt and Alfred E. Ott establishes the axiomatic unity of circuit, money, price and distribution theory. From the history of economic methodology and from actual practice follows: one cannot not axiomatize. The crucial question is not...
Persistent link: https://www.econbiz.de/10011107575
The representative economist does not understand the two most important phenomena in the economic universe: profit and income. Because of this economists have nothing to offer in the way of a scientifically founded advice. Therefore, the contributions to economic blogs cannot claim to offer more...
Persistent link: https://www.econbiz.de/10011108566
Empirical studies have shown that preferences for redistribution are significantly correlated with expectations of future mobility and the belief that society offers equal opportunities. We add to previous research by investigating the role of individual and social norms on rent seeking. We find...
Persistent link: https://www.econbiz.de/10011108639
This paper uses inter-country panel data obtained during the period 1990 to 2010 to examine how the occurrence of natural disasters has affected corruption within the public sector. There are a number of major findings from this study. (1) Natural disasters lead to corruption within the public...
Persistent link: https://www.econbiz.de/10011108723
The classical case of comparative advantage is put into a new formal framework, that is, the behavioral axioms of standard economics are replaced by a set of structural axioms. This enables a comprehensive analysis that takes the effects on income and profit explicitly into account. The axioms...
Persistent link: https://www.econbiz.de/10011108888
Amount of consuming imported goods is thought to influence consumer’s view and attitude toward the country which export the goods. This paper examines effect of viewing Japanese animation on attitude towards Japan in Korea. Major findings are that the more frequently adult Korean view Japanese...
Persistent link: https://www.econbiz.de/10011108964
This paper explores the role of mass media on people’s perceptions of charismatic leaders, focusing on Japan’s Koizumi regime. We conduct an empirical assessment, looking at the influence of television and newspapers on the support for Koizumi and his principal policy. This study uses...
Persistent link: https://www.econbiz.de/10011109242
It is common knowledge that neither Walrasians nor Keynesians nor Marxians nor Institutionialists nor Austrians nor Sraffaians came to grips with profit. The reason is a defective formal basis. In the present paper the formal foundations are first renewed. When the profit theory is false the...
Persistent link: https://www.econbiz.de/10011109370