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, savings behavior, and capital returns in the evolution of the gap. Given vastly different starting conditions under slavery …
Persistent link: https://www.econbiz.de/10013334320
The rise of the "New History of Capitalism" as a subfield of historical studies has magnified differences between economists and historians which started to grow during the 1970s. We describe what is and what is not new about the New History of Capitalism and explain how the different...
Persistent link: https://www.econbiz.de/10013267801
Usage of the phrase “modern day slavery” to describe human trafficking, especially sex trafficking, is widespread … despite work by numerous scholars and activists to point out how such usage harms attempts to remedy both slavery and … be understood as the precursors to contemporary usage of “modern day slavery” as well as to contemporary usage of …
Persistent link: https://www.econbiz.de/10014344841
This paper recounts American economic history for 60 years after World War II. The unusual part of this paper is that it focuses on not only the conventional tale, but also recounts what whites did to and for Blacks over this period. It starts from the unhappy experience of a Black American...
Persistent link: https://www.econbiz.de/10014094603
President Nixon replaced President Johnson’s War on Poverty with his War on Drugs in 1971. This new drug war was expanded by President Reagan and others to create mass incarceration. The United States currently has a higher percentage of its citizens incarcerated than any other industrial...
Persistent link: https://www.econbiz.de/10013228899
The Voting Rights Act (VRA) of 1965 removed barriers to voting for Black Americans in the South; existing work documents that this in turn led to shifts in the distribution of public funding towards areas with a higher share of Black residents and also reduced Black-White earnings disparities....
Persistent link: https://www.econbiz.de/10012888365
The Voting Rights Act (VRA) of 1965 removed barriers to voting for Black Americans in the South; existing work documents that this in turn led to shifts in the distribution of public funding towards areas with a higher share of Black residents and also reduced Black-White earnings disparities....
Persistent link: https://www.econbiz.de/10014083843
This paper explores the hypothesis that the sources of economic and financial crises differ from non-crisis business cycle fluctuations. We employ Markov-switching Bayesian vector autoregressions (MS-BVARs) to gather evidence about the hypothesis on a long annual U.S. sample running from 1890 to...
Persistent link: https://www.econbiz.de/10011201582
This paper evaluates the diffusion of electricity within the context of a GPT perspective. The paper develops a new comparative data set on the usage of electricity in the manufacturing sectors of the US, Britain, France, Germany and Japan and proceeds to evaluate the hypotheses of a...
Persistent link: https://www.econbiz.de/10008642853
Does the concept of General Purpose Technologies help explain periods of faster and slower productivity advance in economies? The paper develops a new comparative data set on the usage of electricity in the manufacturing sectors of the USA, Britain, France, Germany and Japan and proceeds to...
Persistent link: https://www.econbiz.de/10010760474