Showing 1 - 10 of 1,590
This paper is based on the ideas of political philosopher John Rawls who suggested that a just society is one which would be created behind a “veil of ignorance”, that is to say, without knowing where one would end up in the society's distribution of talent and other attributes valued in the...
Persistent link: https://www.econbiz.de/10012986116
Differences in preferences are important to explain variation in individuals' behavior. There is however no consensus on how to take these differences into account when evaluating policies. While prominent in the economic literature, the standard utilitarian criterion faces two major...
Persistent link: https://www.econbiz.de/10012996204
There has been much study of the consequences of economic freedom but, outside of the role of political institutions …, there has been little study of the determinants of economic freedom. We investigate whether religion affects economic … freedom. Our cross-sectional dataset includes 137 countries averaged over the period 2001-2010. Simple correlations show that …
Persistent link: https://www.econbiz.de/10012984498
This paper analyzes private precautions against crime when the value of the property to be protected is private information. Within a framework in which potential criminals can choose between various crime opportunities, we establish that decentralized decision-making by potential victims may...
Persistent link: https://www.econbiz.de/10013315885
Marx made significant contributions to macroeconomics, laying the grounds for both Keynes's theory of aggregate demand … and Schumpeter's theory of creative destruction. His law of the tendency of the rate of profit to fall parallels Alvin … Hansen's theory of secular stagnation which has recently received much attention among scholars studying the financial crises …
Persistent link: https://www.econbiz.de/10012954595
, consistent with economic norms theory, higher levels of market-capitalism are associated with less anti-American terrorism …This contribution examines the role of capitalism in anti-American terrorism. Using data for 149 countries between 1970 … and 2007, this contribution, contrary to expectations from capitalist peace theory, does not find that Anti …
Persistent link: https://www.econbiz.de/10013050419
In this contribution we study the relationship between income inequality and economic freedom for a panel of 100 … economic freedom, while causation does not run in the opposite direction. We argue that the negative effect of inequality on … resources. The elite uses this power to curtail economic freedom to defend its economic interests by discouraging innovation …
Persistent link: https://www.econbiz.de/10012999751
economic freedom index as proxy for capitalism and Gini coefficients based on gross-income as proxy for income inequality. Our …We examine the relationship between capitalism and income inequality for a large sample of countries using an adjusted … results suggest that there is no robust relationship between economic freedom and income inequality. In addition, we analyze …
Persistent link: https://www.econbiz.de/10013028919
provides a theory of job-to-job transitions that are associated with voluntary or involuntary mobility and with wage rises or …
Persistent link: https://www.econbiz.de/10013110106
, multinational enterprises rather appear to be attracted by countries in which civil and political freedom is respected. Our finding …
Persistent link: https://www.econbiz.de/10005181294