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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

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

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

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

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

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

Persecution Perpetuated : The Medieval Origins of Anti-Semitic Violence in Nazi Germany

Voigtländer, Nico - 2011

How persistent are cultural traits? This paper uses data on anti-Semitism in Germany and finds continuity at the local level over more than half a millennium. When the Black Death hit Europe in 1348-50, killing between one third and one half of the population, its cause was unknown. Many...

Persistent link: https://www.econbiz.de/10013123982

Medieval Universities, Legal Institutions, and the Commercial Revolution

Cantoni, Davide - 2012

We present new data documenting medieval Europe's "Commercial Revolution'' using information on the establishment of markets in Germany. We use these data to test whether medieval universities played a causal role in expanding economic activity, examining the foundation of Germany's first...

Persistent link: https://www.econbiz.de/10013107997

The Link between Fundamentals and Proximate Factors in Development

Keller, Wolfgang - 2013

The paper introduces a framework for studying the hierarchy of growth factors, from deep to more immediate. The specific setting we examine is 18th and 19th century Germany, when institutional changes introduced by reforms and transportation improvements converged to create city growth. We...

Persistent link: https://www.econbiz.de/10013086487

Exchange Rates and Casualties During the First World War

Hall, George J. - 2002

I estimate two factor models of Swiss exchange rates during the FirstWorldWar. I have data for five of the primary belligerents: Britain, France, Italy, Germany, and Austria-Hungary. At the outbreak of the war, these nations suspended convertibility of their currencies into gold with the promise...

Persistent link: https://www.econbiz.de/10012787085