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The wave of crises that began in 2008 reheated the debate on market deregulation as a tool to improve economic … policy to reduce transition costs. Third, deregulation reduces static and dynamic inefficiencies, making price stability more … desirable. International synchronization of reforms can eliminate policy tradeoffs generated by asymmetric deregulation …
Persistent link: https://www.econbiz.de/10013082164
, 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
In Capital in the 21st Century, Thomas Piketty uses the market value of tradeable assets to measure both productive capital and wealth. As a measure of wealth this is problematic because it ignores the value of human capital and transfer wealth, which have grown enormously over the last 300...
Persistent link: https://www.econbiz.de/10013029017
Proponents of globalization often conclude that its critics are ignorant or self-motivated. In doing so, they have … missed a valuable opportunity to discover both how best to communicate the benefits of globalization, and how to improve on … the current model of globalization. This paper examines the values, beliefs and facts that lead critics to the view that …
Persistent link: https://www.econbiz.de/10013065371
Business leaders, government officials, and academics are focusing considerable attention on the concept of quot;corporate social responsibilityquot; (CSR), particularly in the realm of environmental protection. Beyond complete compliance with environmental regulations, do firms have additional...
Persistent link: https://www.econbiz.de/10012759317
strives to partly redress this lacuna on the theory side by introducing three novel political economy mechanisms with …
Persistent link: https://www.econbiz.de/10013135235
,' which are about 60 percent of world output. Given all the attention that 'globalization' has received from scholars … over the last two decades, but it was still, in 1990, only about 7 percent of world output. The share was higher, at 15 …
Persistent link: https://www.econbiz.de/10013238944
formal quantitative analysis. We begin with studies of the Dutch Republic, England, the U.S., France, Germany and Japan that … that the growth and increasing globalization of these economies might indeed have been 'finance-led.' …
Persistent link: https://www.econbiz.de/10013210573
The agents to whom shareholders delegate the management of corporate affairs may transfer value from shareholders to themselves through a variety of mechanisms, such as self-dealing, insider trading, and taking of corporate opportunities. A common view in the law and economics literature is that...
Persistent link: https://www.econbiz.de/10012774878
This paper reviews the theoretical and empirical literature on executive compensation. We start by presenting data on the level of CEO and other top executive pay over time and across firms, the changing composition of pay; and the strength of executive incentives. We compare pay in U.S. public...
Persistent link: https://www.econbiz.de/10012951861