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In this chapter, I consider the benefits of viewing history through an evolutionary lens. In recent decades, a field of …. I begin the chapter by discussing the theory behind cultural evolution and the empirical evidence supporting its ability … to explain the history of human societies. I then turn to a discussion of how an evolutionary perspective provides …
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In this paper we trace the evolution of the lender of last resort doctrine--and its implementation--from the nineteenth century through the panic of 2008. We find that typically the most influential economists "fight the last war": formulating policy guidelines that would have dealt effectively...
Persistent link: https://www.econbiz.de/10012457834
Like today, one hundred years ago air pollution was a matter of grave concern in the world's most polluted cities. In the wake of its famous 1908-9 social survey, the City of Pittsburgh commissioned an "Economic Survey of Pittsburgh" from John T. Holdsworth, a prominent institutional economist...
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The history of the twentieth century can be summarized excessively briefly in five propositions: First, that the … history of the twentieth century was overwhelmingly economic history. Second, that the twentieth century saw the material … were the most brutal and barbaric in history. Fourth, that the twentieth century saw the relative economic gulf between …
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What can macroeconomic history offer macroeconomic theorists and macroeconometricians? Macroeconomic history offers … `path dependence': ways in which the cumulative past, including the history of shocks and their effects, change the … structure of the economy. This essay reviews American macroeconomic history to illustrate its potential uses and draw out …
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We discuss business cycles in ancient China. Data on Ancient China business cycles are sparse and incomplete and so our discussion is qualitative rather than quantitative. Essentially, ancient debates focused on two types of cycles: long run political or dynastic cycles of many decades, and...
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