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The relationship between the distribution of political rights and that of economic resources has been studied both theoretically and empirically. This paper reviews the existing literature and, in particular, the available empirical evidence.Our reading of the literature suggests that formal...
Persistent link: https://www.econbiz.de/10009781532
In political philosophy, economic theory and public discourse, there is a seemingly endless debate on what the essence … of equality and freedom is and what relation between the two is essential to a good political order. Views range from the … conviction that too much socio-economic equality jeopardises freedom to the position that a certain level of equality is …
Persistent link: https://www.econbiz.de/10011763781
more lenient and child labor thus more prevalent than in countries enjoying political freedom. We test this implication and …
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The contribution by the Austrian economist Friedrich von Hayek to monetary theory stimulates a far-reaching debate on … money. Since the early 1930s Hayek had been concerned about the role of money in the theory of production (Hayek, 1931 …). Influenced by Eugene Bohm-Bawerk’s theory of capital, Hayek deeply examined the effects of monetary policy on the process of …
Persistent link: https://www.econbiz.de/10011534016
future generations autonomy. Future generations should be free to make their own decisions. Consequently freedom of choice is …
Persistent link: https://www.econbiz.de/10003399497