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The U.S. Constitution and Monetary Powers : An Analysis of the 1787 Constitutional Convention and Constitutional Transformation of the Nation's Monetary System Emerged

Grubb, Farley - 2005

The monetary powers embedded in the U.S. Constitution were revolutionary and led to a watershed transformation in the …

Persistent link: https://www.econbiz.de/10012466888

Constitutions, Politics and Economics : A Review Essay on Persson and Tabellini's "The Economic Effect of Constitutions"

Acemoglu, Daron - 2005

In this essay I review the new book by Torsten Persson and Guido Tabellini, The Economic Effects of Constitutions, which investigates the policy and economic consequences of different forms of government and electoral rules. I also take advantage of this opportunity to discuss the advantages and...

Persistent link: https://www.econbiz.de/10012467450

Constitutions, Corporations, and Corruption : American States and Constitutional Change

Wallis, John Joseph - 2004

During the 1840s, twelve American states adopted new constitutions. Eleven of the twelve states adopted new procedures for issuing government debt and for chartering corporations through general incorporation acts. These institutional innovations were American inventions, and today hard budget...

Persistent link: https://www.econbiz.de/10012468242

Consequences of Constitutions

Persson, Torsten - 2003

electoral rules and forms of government for fiscal policy and rent extraction, even when non-random constitution selection is …

Persistent link: https://www.econbiz.de/10012468524

The Guarantees of Freedom

Porta, Rafael La - 2002

Hayek (1960) distinguishes the institutions of English freedom, which guarantee the independence of judges from political interference in the administration of justice, from those of American freedom, which allow judges to restrain law-making powers of the sovereign through constitutional...

Persistent link: https://www.econbiz.de/10012469956

Constitution or Conflict?

Grossman, Herschel I. - 2002

A self-enforcing constitution creates a political process that provides an alternative to civil conflict for resolving … possible to design such a self-enforcing constitution. The paper is also concerned with discovering generic features of a self …-enforcing constitution. The analysis yields the following theoretical propositions: If and only if (1) none of the parties to a dispute …

Persistent link: https://www.econbiz.de/10012469982

Constitutions and Order : A Theory and Evidence from Colombia and the United States

Fergusson, Leopoldo; Mejia, Javier; Robinson, James A.; … - National Bureau of Economic Research - 2023

We propose a framework to explain why some societies may end up with different constitutional solutions to the problem of maintaining order in the face of self-interested behavior. Though the salient intellectual tradition since Hobbes has focused on how institutional design is used to eradicate...

Persistent link: https://www.econbiz.de/10014322888

From Russia with Love : The Impact of Relocated Firms on Incumbent Survival

Falck, Oliver - 2010

We identify the impact of local firm concentration on incumbent performance with a quasi natural experiment. When Germany was divided after World War II, many firms in the machine tool industry fled the Soviet occupied zone to prevent expropriation. We show that the regional location decisions...

Persistent link: https://www.econbiz.de/10012462515

From Socialist Showcase to Mezzogiorno? Lessons on the Role of Technical Change from East Germany's Post-World War II Growth Performance

Keller, Wolfgang - 1997

In this paper we emphasize the contribution of technical change, broadly defined, towards productivity growth in explaining the relative East Germany-West Germany performance during the post-World War II era. We argue that previous work was excessively focused on physical capital investments...

Persistent link: https://www.econbiz.de/10012472735

International Implications of German Unification

Sinn, Hans-Werner - 1996

This paper advances the hypothesis that the EUS crisis was caused by German unification. The unification has implied a massive resource demand which parallels the US resource demand following Reagan's tax reforms in the eighties. The resource demand revised the German interest rates relative to...

Persistent link: https://www.econbiz.de/10012472989