Early states like China, India, Italy and Greece have been experiencing more rapid economic growth in recent decades than have later-comers to agriculture and statehood like New Guinea, the Congo, and Uruguay. We show that more rapid growth by early starters has been the norm in economic...

The new method of system dynamics, Method of System Potential (MSP), is applied for examination of long-term and short-term dynamics of Economic System. According to MSP two ways of long-term development of a system exist: (1) cyclical and (2) noncyclical dynamics of efficiency index of a system...

The new method of system dynamics, Method of System Potential (MSP), is applied for examination of long-term and short-term dynamics of the Economic System. According to MSP two ways of long-term development of a system exist: (1) cyclical and (2) noncyclical dynamics of efficiency index of a...

The author argues that a policy of devaluation imposed on African economies in compliance with real exchange rate rules contradicts the inflation objectives of fiscal stabilisation because by devaluing a currency at every instance of inflation, it implies that the exchange rate is indexed to the...

The history of the occupations “author” and “photographer” provides an insightful perspective on copyright and creativity. The concept of the romantic author, associated with personal creative genius, gained prominence in the eighteenth century. However, in the U.S. in 1900 only about...

In this paper we take a comparative look at capital flows to less- developed countries in two eras of financial globalization. The paper extends recent research on the developmental effects of international financial integration, long-term trends in capital mobility and “globalization in...

Would the movement of capital from to poor countries greatly increase, if the commitment to protecting property and allowing capital to move freely were more credible? This paper asks whether the British Empire provided global public goods that supported large-scale development finance before...

Can developing countries enhance credibility with international markets by adopting a hard currency peg? In this paper we review the hypothesis that adherence to the gold standard facilitated the access of peripheral countries to European capital markets in the first era of financial...