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State Versus Private Ownership
Shleifer, Andrei - 1998
costs must be strong. In essence, this is the case for capitalism over socialism, explaining the dynamic vitality' of free … enterprise. The great economists of the 1930s and 1940s failed to see the dangers of socialism in part because they focused on … the role of prices under socialism and capitalism and ignored the enormous importance of ownership as the source of …
Persistent link: https://www.econbiz.de/10012472146
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The Sensitivity of Labor Demand Functions to Choice of Dependent Variable
Borjas, George J. - 1985
This paper investigates whether the parameters of labor demand functions are sensitive to alternative methods of estimation. The assumption that the production technology is of the Generalized Leontief type implies that the demand system can be estimated by analyzing cross-section differences in...
Persistent link: https://www.econbiz.de/10012477456
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Why Doesn't Capitalism Flow to Poor Countries?
Tella, Rafael Di - 2007
corruption, which is more widespread in poor countries, reduces more the electoral appeal of capitalism than that of socialism …
Persistent link: https://www.econbiz.de/10012465489
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Pervasive Shortages Under Socialism
Shleifer, Andrei - 1991
We present a new theory of pervasive shortages under socialism, based on the assumption that the planners are self … suggests that market socialism is bound to fail even without computational complexities facing the planners …
Persistent link: https://www.econbiz.de/10012475209
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Left, Right, Left : Income, Learning and Political Dynamics
Morrow, John - 2013
The political left turn in Latin America, which lagged its transition to liberalized market economies by a decade or more, challenges conventional economic explanations of voting behavior. This paper generalizes the forward-looking voter model to a broad range of dynamic, non-concave income...
Persistent link: https://www.econbiz.de/10012459164
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Financial Crisis in a Socialist Setting : Impact on Political Behavior, Social Trust, and Economic Values
Abramitzky, Ran; Ben-Porath, Netanel; Lavy, Victor; … - National Bureau of Economic Research - 2023
Research on the political and social impacts of financial crises has focused chiefly on free market economies, hindering our understanding of their effects in other settings. We exploit an episode of a financial crisis that hit the Israeli kibbutzim to study its impact in a socialist context....
Persistent link: https://www.econbiz.de/10014226115
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War, Socialism and the Rise of Fascism : An Empirical Exploration
Acemoglu, Daron - 2020
The recent ascent of right-wing populist movements in many countries has rekindled interest in understanding the causes of the rise of Fascism in inter-war years. In this paper, we argue that there was a strong link between the surge of support for the Socialist Party after World War I (WWI) and...
Persistent link: https://www.econbiz.de/10012481158
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The Shape of Twentieth Century Economic History
DeLong, J. Bradford - 2000
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 wealth of humankind explode beyond all previous imagining....
Persistent link: https://www.econbiz.de/10012471206
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What do we know about Macroeconomics that Fisher and Wicksell did not?
Blanchard, Olivier - 2000
The answer to the question in the title is: A lot. In this essay, I argue that the history of macroeconomics during the 20th century can be divided in three epochs: Pre 1940. A period of exploration, where macroeconomics was not macroeconomics yet, but monetary theory on one side, business cycle...
Persistent link: https://www.econbiz.de/10012471225