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economic development and the evolution of inequality within and across societies. The study argues that entrepreneurial spirit …This research suggests that the evolution of entrepreneurial spirit played a significant role in the process of … evolved non-monotonically in the course of human history. In early stages of development, the rise in income generated an …
Persistent link: https://www.econbiz.de/10005136732
This Paper examines the process of development from an epoch of Malthusian stagnation to a state of sustained economic … growth. The analysis focuses on recently advanced unified growth theories that capture the intricate evolution of income per … has been widely viewed as one of the most significant challenges facing researchers in the field of growth and development …
Persistent link: https://www.econbiz.de/10005497992
development, shedding new light on the sources of the remarkable rise in life expectancy since the Agricultural Revolution. The …
Persistent link: https://www.econbiz.de/10005498168
This Paper studies how an institution such as markets affects the evolution of mankind. My key point is that the forces …
Persistent link: https://www.econbiz.de/10005504779
This paper studies aggregate dynamics in a cobweb model where learning takes place through a selection mecanism, by which more successful firms are replicated at a higher rate. The structure of the model allows to characterize analytically the aggregate dynamics, and to compute the effect on...
Persistent link: https://www.econbiz.de/10011093687
This paper presents evidence on the speed of evolution (or lack thereof) of a wide range of values and beliefs of …
Persistent link: https://www.econbiz.de/10011083563
When an agent chooses between prospects, noise in information processing generates an effect akin to the winner’s curse. Statistically unbiased perception systematically overvalues the chosen action because it fails to account for the possibility that noise is responsible for making the...
Persistent link: https://www.econbiz.de/10011083577
and the evolution of societies from an epoch of stagnation to sustained economic growth. …
Persistent link: https://www.econbiz.de/10011083757
This research explores the origins of the distribution of time preference across regions. It advances the hypothesis, and establishes empirically, that geographical variations in natural land productivity and their impact on the return to agricultural investment have had a persistent effect on...
Persistent link: https://www.econbiz.de/10011083828
The demographic transition that swept the world in the course of the last century has been identified as one of the prime forces in the transition from stagnation to growth. The unprecedented increase in population growth during the early stages of industrialization was ultimately reversed and...
Persistent link: https://www.econbiz.de/10005662096