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Temin, Peter - 2014

This review essay of the two-volume Cambridge History of Capitalism (2014), edited by Larry Neal and Jeffrey G … criticize the definition of capitalism used in these volumes as too expansive to be useful. I argue that this definition mars … the essays in first volume by stimulating a fruitless search for capitalism in the millennium before the Industrial …

Persistent link: https://www.econbiz.de/10012458007

Identifying Agglomeration Shadows : Long-run Evidence from Ancient Ports

Hornbeck, Richard; Michaels, Guy; Rauch, Ferdinand - National Bureau of Economic Research - 2024

We examine "agglomeration shadows" that emerge around large cities, which discourage some economic activities in nearby areas. Identifying agglomeration shadows is complicated, however, by endogenous city formation and "wave interference" that we show in simulations. We use the locations of...

Persistent link: https://www.econbiz.de/10014576663

The Economic Consequences of Legal Origins

Porta, Rafael La - 2007

In the last decade, economists have produced a considerable body of research suggesting that the historical origin of a country's laws is highly correlated with a broad range of its legal rules and regulations, as well as with economic outcomes. We summarize this evidence and attempt a unified...

Persistent link: https://www.econbiz.de/10012465031

Crime and Punishment in the "American Dream"

Tella, Rafael Di - 2006

We observe that countries where belief in the "American dream" (i.e., effort pays) prevails also set harsher punishment for criminals. We know from previous work that beliefs are also correlated with several features of the economic system (taxation, social insurance, etc). Our objective is to...

Persistent link: https://www.econbiz.de/10012466020

Organizations, civil society, and the roots of development

Lamoreaux, Naomi R. (ed.); Wallis, John Joseph (ed.) - National Bureau of Economic Research - 2017

Persistent link: https://www.econbiz.de/10011890865

Capital consumption and adjustment

Fabricant, Solomon - 1938

Persistent link: https://www.econbiz.de/10000563668

Capitalists in the Twenty-First Century

Smith, Matthew - 2019

How important is human capital at the top of the U.S. income distribution? A primary source of top income is private "pass-through" business profit, which can include entrepreneurial labor income for tax reasons. This paper asks whether top pass-through profit mostly reflects human capital,...

Persistent link: https://www.econbiz.de/10012479398

Civic Capital as the Missing Link

Guiso, Luigi - 2010

This chapter reviews the recent debate about the role of social capital in economics. We argue that all the difficulties this concept has encountered in economics are due to a vague and excessively broad definition. For this reason, we restrict social capital to the set of values and beliefs...

Persistent link: https://www.econbiz.de/10012462807

A Model of Capital and Crises

He, Zhiguo - 2008

We develop a model in which the capital of the intermediary sector plays a critical role in determining asset prices. The model is cast within a dynamic general equilibrium economy, and the role for intermediation is derived endogenously based on optimal contracting considerations. Low...

Persistent link: https://www.econbiz.de/10012464283

Capitalism and Democracy in 2040 : Forecasts and Speculations

Fogel, Robert W. - 2007

While the economies of the fifteen countries that were in the European Union (EU15) in 2000 will continue to grow from now until 2040, they will not be able to match the surges in growth that will occur in South and East Asia. In 2040, the Chinese economy will reach $123 trillion, or nearly...

Persistent link: https://www.econbiz.de/10012465470

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