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We examine the dynamics of a country's growth, consumption, and sovereign debt, assuming that the government is myopic and wants to maximize short-term, self-interested spending. Surprisingly, government myopia can increase a country's access to external borrowing. In turn, access to borrowing...
Persistent link: https://www.econbiz.de/10013334513
This article presents a comprehensive analysis of trends in the publication and citation of economics scholarly … research, with a focus on specialization within fields of economics research (i.e., applied, applied theory, econometrics … research economics journals. We then used state-of-the-art machine learning and natural language processing techniques to …
Persistent link: https://www.econbiz.de/10014322683
corruption, which is more widespread in poor countries, reduces more the electoral appeal of capitalism than that of socialism … externality since the existence of corrupt entrepreneurs hurts good entrepreneurs by reducing the electoral appeal of capitalism …
Persistent link: https://www.econbiz.de/10012465489
costs must be strong. In essence, this is the case for capitalism over socialism, explaining the dynamic vitality' of free … the role of prices under socialism and capitalism and ignored the enormous importance of ownership as the source of … enterprise. The great economists of the 1930s and 1940s failed to see the dangers of socialism in part because they focused on …
Persistent link: https://www.econbiz.de/10012472146
This paper contains the chapters on welfare economics, morality, and the law from a general, forthcoming book … foundations of economic analysis, namely, the subject of welfare economics. I also describe notions of morality and fairness … welfare economics and morality. A theme of this discussion is that notions of morality have functional aspects, and that, for …
Persistent link: https://www.econbiz.de/10012468998
A long-standing challenge for welfare economics is to develop welfare criteria that can be applied to allocations with …
Persistent link: https://www.econbiz.de/10012496107
recent economics research on prominent ideas in moral psychology. First, the theory that morality is ultimately economically … politico-economic outcomes influence each other if they engage with research in economics …
Persistent link: https://www.econbiz.de/10014512133
Why are certain movies more successful in some markets than others? Are the entertainment products we consume reflective of our core values and beliefs? These questions drive our investigation into the relationship between a society's oral tradition and the financial success of films. We combine...
Persistent link: https://www.econbiz.de/10014512074
While police brutality has sparked demands to scale back policing, public constituencies still have limited knowledge about policing alternatives. In survey experiments, we provide information about dontcallthepolice.com--a database of police alternatives--and police violence statistics and...
Persistent link: https://www.econbiz.de/10014544697
Using data on U.S. state and federal taxes and transfers over a quarter century, we estimate a regression model that yields the marginal effect of any shift of market income share from one quintile to another on the entire post tax, post-transfer income distribution. We identify exogenous income...
Persistent link: https://www.econbiz.de/10014544770