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communism. …
Persistent link: https://www.econbiz.de/10012698819
described as a natural experiment to study the enduring effects of communism. We show in three steps that the populations in …
Persistent link: https://www.econbiz.de/10012177137
What are the long-term effects of Communism on economically relevant notions such as social trust? To answer this …
Persistent link: https://www.econbiz.de/10008697515
Standard economics omits the role of narratives (the stories that people tell themselves and others) when they make all kinds of decisions. Narratives play a role in understanding the environment; focusing attention; predicting events; motivating action; assigning social roles and identities;...
Persistent link: https://www.econbiz.de/10011422534
We study the effect of exposure to communism (EC), a political-economic regime based on collectivist planning, on … variation in EC in a large sample of Central and Eastern European countries (CEEC). Against the backdrop that ‘communism gives …, suggesting that (raising uncertainty and adversity during) communism increased the demand for all types of available insurance. …
Persistent link: https://www.econbiz.de/10012312212
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...
Persistent link: https://www.econbiz.de/10011515355
We examine the relationship between capitalism and income inequality for a large sample of countries using an adjusted economic freedom index as proxy for capitalism and Gini coefficients based on gross-income as proxy for income inequality. Our results suggest that there is no robust...
Persistent link: https://www.econbiz.de/10010474859
Friedrich Hayek's The Road to Serfdom is an influential book more than seventy years after its publication. This paper examines his arguments and finds that they come up short in many ways and suggests that we have taken "another road to serfdom". Hayek's mind was completely closed to the...
Persistent link: https://www.econbiz.de/10011497774
In this contribution we study the relationship between income inequality and economic freedom for a panel of 100 countries for the 1971-2010 period. From a panel causality study we find that income inequality has a negative causal effect on economic freedom, while causation does not run in the...
Persistent link: https://www.econbiz.de/10011411131
In the aftermath of the Eurozone crisis, a battle of ideas emerged over whether ordoliberalism is part of the cause or the solution of economic problems in Europe. While German ordoliberals argued that their policy proposals were largely ignored before, during and after the crisis, critics saw...
Persistent link: https://www.econbiz.de/10012405461