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Big Business Stability and Social Welfare

Fogel, Kathy - 2013

Many countries appear to have excessively stable big business sectors, in that higher rates of big business turnover have been correlated with faster economy growth. Public policies that stabilize big business sectors are sometimes justified as supportive of social objectives. We find no...

Persistent link: https://www.econbiz.de/10012753593

Can't We All Be More Like Scandinavians? Asymmetric Growth and Institutions in an Interdependent World

Acemoglu, Daron - 2012

"cutthroat capitalism" that generates greater inequality and more innovation and will become the technology leaders, while others … will free- ride on the cutthroat incentives of the leaders and choose a more "cuddly" form of capitalism. Paradoxically … equilibrium, it is not a best response for the cutthroat capitalists to switch to a more cuddly form of capitalism. We also show …

Persistent link: https://www.econbiz.de/10013099537

The Rise and Decline of General Laws of Capitalism

Acemoglu, Daron - 2014

, like Marx and Ricardo, in formulating general laws of capitalism to diagnose and predict the dynamics of inequality. We …

Persistent link: https://www.econbiz.de/10013039764

Emergence and Persistence of Inefficient States

Acemoglu, Daron - 2006

Inefficiencies in the bureaucratic organization of the state are often viewed as important factors in retarding economic development. Why certain societies choose or end up with such inefficient organizations has received very little attention, however. In this paper, we present a simple theory...

Persistent link: https://www.econbiz.de/10012778981

Big Business Stability and Economic Growth : Is What's Good for General Motors Good for America?

Fogel, Kathy - 2013

What is good for big business need not generally advance a country%u2019s overall economy. Big business turnover correlates with rising income, productivity, and (in high income countries) faster capital accumulation; consistent with Schumpeter%u2019s (1912) creative destruction and recent...

Persistent link: https://www.econbiz.de/10012754160

The Emergence of Weak, Despotic and Inclusive States

Acemoglu, Daron - 2017

Societies under similar geographic and economic conditions and subject to similar external influences nonetheless develop very different types of states. At one extreme are weak states with little capacity and ability to regulate economic or social relations. At the other are despotic states...

Persistent link: https://www.econbiz.de/10012950052

Social Structure and Development : A Legacy of the Holocaust in Russia

Acemoglu, Daron - 2010

We document a statistical association between the severity of the persecution and mass murder of Jews (the Holocaust) by the Nazis during World War II and long-run economic and political outcomes within Russia. Cities that experienced the Holocaust most intensely have grown less, and cities as...

Persistent link: https://www.econbiz.de/10013142282