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The Cambridge History of "Capitalism"
Temin, Peter - 2014
This review essay of the two-volume Cambridge History of Capitalism (2014), edited by Larry Neal and Jeffrey G … economists to add depth to their understanding of the world economy today. Robert C. Allen analyzes the world distribution of … criticize the definition of capitalism used in these volumes as too expansive to be useful. I argue that this definition mars …
Persistent link: https://www.econbiz.de/10013044351
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Capitalism and Democracy in 2040 : Forecasts and Speculations
Fogel, Robert W. - 2010
While the economies of the fifteen countries that were in the European Union (EU15) in 2000 will continue to grow from now until 2040, they will not be able to match the surges in growth that will occur in South and East Asia. In 2040, the Chinese economy will reach $123 trillion, or nearly...
Persistent link: https://www.econbiz.de/10012760039
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The Rise and Decline of General Laws of Capitalism
Acemoglu, Daron; Robinson, James A. - 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
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Capital and Wealth in the 21st Century
Weil, David N. - 2015
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
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The Problem of the Commons : Still Unsettled after 100 Years
Stavins, Robert N. - 2010
The problem of the commons is more important to our lives and thus more central to economics than a century ago when Katharine Coman led off the first issue of the American Economic Review. As the U.S. and other economies have grown, the carrying-capacity of the planet -- in regard to natural...
Persistent link: https://www.econbiz.de/10013137614
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Welfare Costs of Long-Run Temperature Shifts
Bansal, Ravi - 2011
consumption, and the total dollar costs of completely insuring against temperature variation are 2.46% of world GDP. If we allow … world GDP. We show that the same features, long-run risks and recursive-preferences, that account for the risk-free rate and …
Persistent link: https://www.econbiz.de/10013118836
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The Promise and Problems of Pricing Carbon : Theory and Experience
Aldy, Joseph E. - 2011
Because of the global commons nature of climate change, international cooperation among nations will likely be necessary for meaningful action at the global level. At the same time, it will inevitably be up to the actions of sovereign nations to put in place policies that bring about meaningful...
Persistent link: https://www.econbiz.de/10013118839
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Estimates of the Social Cost of Carbon : Background and Results from the Rice-2011 Model
Nordhaus, William D. - 2011
A new and important concept in global warming economics and policy is the social cost of carbon or SCC. This concept represents the economic cost caused by an additional ton of carbon-dioxide emissions or its equivalent. The present study describes the development of the concept as well as its...
Persistent link: https://www.econbiz.de/10013119046
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What Role for Trade in a Post 2012 Global Climate Policy Regime
Whalley, John - 2011
This paper discusses the role that trade can potentially play in both negotiating and operating a post Kyoto/post 2012 global climate policy regime. As an addition to the bargaining set for a global climate negotiation, trade in principle widens the range of jointly beneficial potential outcomes...
Persistent link: https://www.econbiz.de/10013119608
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Some Inconvenient Truths About Climate Change Policy : The Distributional Impacts of Transportation Policies
Holland, Stephen P. - 2011
Instead of efficiently pricing greenhouse gases, policy makers have favored measures that implicitly or explicitly subsidize low carbon fuels. We simulate a transportation-sector cap & trade program (CAT) and three policies currently in use: ethanol subsidies, a renewable fuel standard (RFS),...
Persistent link: https://www.econbiz.de/10013120318