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Rare books of political economy are eminently collectable. Using historical prices, I employ hedonic regressions to estimate financial returns to collecting the works of ten eminent political economists and develop a price index for this corpus of collectables. For the observation period...
Persistent link: https://www.econbiz.de/10012437910
Edwards and Ogilvie (2008) dispute the empirical basis for the view (Greif, e.g., 1989, 1994, 2006) that multilateral reputation mechanism mitigated agency problems among the eleventh-century Maghribi traders. They assert that the relations among merchants and agents were law-based. This paper...
Persistent link: https://www.econbiz.de/10003730316
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The estimated values to society from long-term public projects, including climate change mitigation and infrastructure construction, are highly sensitive to the social discount rate (SDR) employed. Governmental guidance on social discounting has predominantly been based on input from expert...
Persistent link: https://www.econbiz.de/10013365181
This articles investigates the recent trends in co-authorship in economics. Using data from more than 700.000 journal …
Persistent link: https://www.econbiz.de/10011309542
Economic research shows that candidates have a higher chance of getting (re-)elected when they have the luck that the world economy does well even though this is beyond their control and unrelated to their competence. Psychological research demonstrates that candidates increase their chances if...
Persistent link: https://www.econbiz.de/10010370176
matter of course that economics should become a natural science. Such a characterization misses an essential aspect of a …
Persistent link: https://www.econbiz.de/10011700543
This paper studies the impact of Muslim rule on human capital development. Using a unique novel dataset containing yearly data on Muslim presence in the period 711-1492 and literacy rate in 1900 for about 7500 municipalities in Spain, we estimate the local impact of the length of Muslim rule in...
Persistent link: https://www.econbiz.de/10012200325
economic consequences in present-day Africa, Asia, and Latin America. Much of the economics of Islam focuses on the role that … - Judaism, Christianity, and Islam - and on the period up to WWII. Works on Judaism address Jewish occupational specialization … Islam and Islamic institutions played in political-economy outcomes and in the "long divergence" between the Middle East and …
Persistent link: https://www.econbiz.de/10012229328