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The U.S. Constitution and Monetary Powers : An Analysis of the 1787 Constitutional Convention and Constitutional Transformation of the Nation'S Monetary System Emerged
Grubb, Farley - 2021
The monetary powers embedded in the U.S. Constitution were revolutionary and led to a watershed transformation in the …
Persistent link: https://www.econbiz.de/10013240577
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Constitution or Conflict?
Grossman, Herschel I. - 2021
A self-enforcing constitution creates a political process that provides an alternative to civil conflict for resolving … possible to design such a self-enforcing constitution. The paper is also concerned with discovering generic features of a self …-enforcing constitution. The analysis yields the following theoretical propositions: If and only if (1) none of the parties to a dispute …
Persistent link: https://www.econbiz.de/10013228226
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Consequences of Constitutions
Persson, Torsten - 2021
electoral rules and forms of government for fiscal policy and rent extraction, even when non-random constitution selection is …
Persistent link: https://www.econbiz.de/10013233041
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Constitutions, Politics and Economics : A Review Essay on Persson and Tabellini'S "the Economic Effect of Constitutions"
Acemoglu, Daron - 2021
In this essay I review the new book by Torsten Persson and Guido Tabellini, The Economic Effects of Constitutions, which investigates the policy and economic consequences of different forms of government and electoral rules. I also take advantage of this opportunity to discuss the advantages and...
Persistent link: https://www.econbiz.de/10013212917
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Constitutions, Corporations, and Corruption : American States and Constitutional Change
Wallis, John Joseph - 2021
During the 1840s, twelve American states adopted new constitutions. Eleven of the twelve states adopted new procedures for issuing government debt and for chartering corporations through general incorporation acts. These institutional innovations were American inventions, and today hard budget...
Persistent link: https://www.econbiz.de/10013218542
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The Guarantees of Freedom
La Porta, Rafael; Lopez de Silanes, Florencio; … - 2021
Hayek (1960) distinguishes the institutions of English freedom, which guarantee the independence of judges from political interference in the administration of justice, from those of American freedom, which allow judges to restrain law-making powers of the sovereign through constitutional...
Persistent link: https://www.econbiz.de/10013224310
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The Impact of Early Investments in Urban School Systems in the United States
Schmick, Ethan - 2019
Cities in the United States dramatically expanded spending on public education in the years following World War I, with the average urban school district increasing per pupil expenditures by over 70 percent between 1916 and 1924. We provide the first evaluation of these historically...
Persistent link: https://www.econbiz.de/10012890472
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Endogenous Political Institutions
Aghion, Philippe; Alesina, Alberto F.; Trebbi, Francesco - 2021
Political institutions influence economic policy, but they are themselves endogenous since they are chosen, in some way, by members of the polity. An important aspect of institutional design is how much society chooses to delegate unchecked power to its leaders. If, once elected, a leader cannot...
Persistent link: https://www.econbiz.de/10013216485
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The Returns to College(S) : Relative Value-Added and Match Effects in Higher Education
Mountjoy, Jack; Hickman, Brent - 2023
, college, and earnings registries spanning the state of Texas, we identify relative college value-added by comparing the … the wide diversity of Texas public universities. Selectivity poorly predicts value-added within student choice sets, with …
Persistent link: https://www.econbiz.de/10014347229
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Do Better Schools Lead to More Growth? Cognitive Skills, Economic Outcomes, and Causation
Hanushek, Eric A. - 2010
We provide evidence that the robust association between cognitive skills and economic growth reflects a causal effect of cognitive skills and supports the economic benefits of effective school policy. We develop a new common metric that allows tracking student achievement across countries, over...
Persistent link: https://www.econbiz.de/10012758020