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State Versus Private Ownership
Shleifer, Andrei - 2021
costs must be strong. In essence, this is the case for capitalism over socialism, explaining the dynamic vitality' of free … the role of prices under socialism and capitalism and ignored the enormous importance of ownership as the source of … enterprise. The great economists of the 1930s and 1940s failed to see the dangers of socialism in part because they focused on …
Persistent link: https://www.econbiz.de/10013239155
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Why Doesn't Capitalism Flow to Poor Countries?
Di Tella, Rafael - 2014
corruption, which is more widespread in poor countries, reduces more the electoral appeal of capitalism than that of socialism … externality since the existence of corrupt entrepreneurs hurts good entrepreneurs by reducing the electoral appeal of capitalism …
Persistent link: https://www.econbiz.de/10012751901
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Making the Most of Capital in the 21st Century
Lindert, Peter H. - 2014
Thomas Piketty's monumental Capital in the Twenty-First Century has transported us to a higher understanding of historical movements in inequality. This essay ranks the promise of different paths that scholars can usefully follow from the point to which his book has guided us. The main path to...
Persistent link: https://www.econbiz.de/10013052115
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Bank Chartering and Political Corruption in Antebellum New York : Free Banking as Reform
Bodenhorn, Howard - 2010
One traditional and oft-repeated explanation of the political impetus behind free banking connects the rise of Jacksonian populism and a rejection of the privileges associated with corporate chartering. A second views free banking as an ill-informed inflationist, pro business response to the...
Persistent link: https://www.econbiz.de/10012762635
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Federalism's Values and the Value of Federalism
Inman, Robert P. - 2010
What is it about federal governance that makes it so attractive to economists, political philosophers, and legal scholars and is there any evidence that would suggest all this attention is warranted? Proponents see federalism as a means to more efficient public and private economies, as the...
Persistent link: https://www.econbiz.de/10012759607
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Welfare State vs. Market Forces in a Globalization Era
Razin, Assaf - 2019
Globalization radically changes income distribution and triggers intense international tax competition. Therefore, globalization entails an extensive restructuring of the welfare state. We analyze a parsimonious model of an open economy, in its trade and finance transactions with the rest of the...
Persistent link: https://www.econbiz.de/10012863640
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The Indigenous Roots of Representative Democracy
Bentzen, Jeanet Sinding - 2015
We document that rules for leadership succession in ethnic societies that antedate the modern state predict contemporary political regimes; leadership selection by election in indigenous societies is associated with contemporary representative democracy. The basic association, however, is...
Persistent link: https://www.econbiz.de/10013022172
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The New Comparative Economics
Djankov, Simeon; Glaeser, Edward L.; Lopez de Silanes, … - 2003
In recent years, comparative economics experienced a revival, with a new focus on comparing capitalist economies. The theme of the new research is that institutions exert a profound influence on economic development. We argue that, to understand capitalist institutions, one needs to understand...
Persistent link: https://www.econbiz.de/10014087197
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The Theory and Measurement of Macroeconomic Disequilibrium in Centrally Planned Economies
Portes, Richard - 2021
The paper considers issues in recent research on macroeconomic equilibrium in centrally planned economies. I defend the explicit aggregative , macroeconomic approach in theory, institutional relationships and measurement. It has offered a fresh, coherent framework for analysis of many CPE...
Persistent link: https://www.econbiz.de/10013247014
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Detecting Illegal Arms Trade
DellaVigna, Stefano - 2010
Illegal arms are responsible for thousands of deaths in civil wars every year. Yet, their trade is very hard to detect. We propose a method to statistically detect illegal arms trade based on the investor knowledge embedded in financial markets. We focus on eight countries under UN arms embargo...
Persistent link: https://www.econbiz.de/10012759887