This review essay of the two-volume Cambridge History of Capitalism (2014), edited by Larry Neal and Jeffrey G … economists to add depth to their understanding of the world economy today. Robert C. Allen analyzes the world distribution of … criticize the definition of capitalism used in these volumes as too expansive to be useful. I argue that this definition mars …

feudal elite; withdrew its hand with a propitious mass privatization that rallied the private sector; marginalized an …

evolution of contagion and interactions with the economy. A key parameter, the asymptomatic rate (the fraction of the infected …

. The model is cast within a dynamic general equilibrium economy, and the role for intermediation is derived endogenously …

Chinese economy will reach $123 trillion, or nearly three times the output of the entire globe in the year 2000, despite the … influence of several potential political and economic constraints. India's economy will also continue to grow, although …

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 …