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This paper argues that trade and capital account reforms within autocracies underlie the primacy of foreign currency procurement. A longitudinal comparison of four countries (Morocco, Tunisia, Egypt and Jordan) in the Middle East and North Africa region shows a historical sequencing of reforms....
Persistent link: https://www.econbiz.de/10008908677
Many episodes of extension of franchise in the 19th and especially in the 20th century occurred during or in the aftermath of major wars. Motivated by this fact, we offer a theory of political transitions which focuses on the impact of international conflicts on domestic political institutions....
Persistent link: https://www.econbiz.de/10003688773
This book considers the relationship between Hayek and Mill, taking issues with Hayek's criticism of Mill and providing a broader perspective of the liberal tradition. Featuring contributions from the likes of Ross Emmett, Leon Montes and Robert Garnett, these chapters ask whether Hayek had an...
Persistent link: https://www.econbiz.de/10012794074
Liberalisierungspolitik bezeichnet die politisch herbeigeführte und politisch legitimierte Delegation von Allokations- und Distributionsentscheidungen an Märkte und zielt auf Durchsetzung der Prinzipien der Eigenverantwortung, der dezentralen Entscheidungsfindung und der Konkurrenz. Viele...
Persistent link: https://www.econbiz.de/10003867676
How have neoliberal reform policies changed Turkey's political economy? The aim of this paper is to counter claims of convergence towards a liberal capitalist order. Given the historical dynamics of the political embeddedness of Turkey's economy, after 1980, transformations in the state and the...
Persistent link: https://www.econbiz.de/10008736910
In diesem Papier geht es nicht um die voraussichtliche künftige Ordnung der globalen Finanzmärkte nach der Krise, sondern um die Frage, warum der Reformprozess zeitlich, sachlich und sozial hinter dem zurückbleibt, was 2009 von Wissenschaft, Politik und Öffentlichkeit einhellig für...
Persistent link: https://www.econbiz.de/10008702071
Persistent link: https://www.econbiz.de/10012807867
We consider a simple political-economic model where capitalist investment is constrained by the government's temptation to expropriate. Political liberalization can relax this constraint, increasing the government's revenue, but also increasing the ruler's political risks. We analyze the ruler's...
Persistent link: https://www.econbiz.de/10011698620
Using a new set of micro evidence from an original survey of 28 transition countries, we show that democracy increases citizens' support for the market by guaranteeing income redistribution to inequality-averse agents. Our identification strategy relies on the restriction of the sample to...
Persistent link: https://www.econbiz.de/10013325128
dieses Beitrags lautet, dass Ludwig von Mises‘ (Neu-)Bestimmung des Liberalismus eine Antwort auf diese Frage gibt, und zwar … deshalb, weil Mises den Argumentationsmodus des Liberalismus systematisch auf Konsens ausrichtet. Zu diesem Zweck bestimmt von … that ultimately constitute the scope of societal policy and practice. This paper argues that Ludwig von Mises' liberalism …
Persistent link: https://www.econbiz.de/10011786662