Narrow search
Showing 1 - 10 of 6,848
Cover Image
State Versus Private Ownership
Shleifer, Andrei - 1998
costs must be strong. In essence, this is the case for capitalism over socialism, explaining the dynamic vitality' of free … enterprise. The great economists of the 1930s and 1940s failed to see the dangers of socialism in part because they focused on … the role of prices under socialism and capitalism and ignored the enormous importance of ownership as the source of …
Persistent link: https://www.econbiz.de/10012472146
Cover Image
Pervasive Shortages Under Socialism
Shleifer, Andrei - 1991
We present a new theory of pervasive shortages under socialism, based on the assumption that the planners are self … profit personally. The theory suggests that an increase in the official price of a good might reduce output. The theory also … suggests that market socialism is bound to fail even without computational complexities facing the planners …
Persistent link: https://www.econbiz.de/10012475209
Cover Image
Left, Right, Left : Income, Learning and Political Dynamics
Morrow, John - 2013
The political left turn in Latin America, which lagged its transition to liberalized market economies by a decade or more, challenges conventional economic explanations of voting behavior. This paper generalizes the forward-looking voter model to a broad range of dynamic, non-concave income...
Persistent link: https://www.econbiz.de/10012459164
Cover Image
Popular Attitudes Towards Free Markets : The Soviet Union and the United States Compared
Shiller, Robert J. - 1990
Random samples of the Moscow' and New York populations were compared in their attitudes towards free markets by administering identical telephone interviews in the two countries in May, 1990. Although the Soviet respondents were somewhat less likely to accept exchange of money as a solution to...
Persistent link: https://www.econbiz.de/10012475577
Cover Image
Who is Neoliberal? Durkheimian Individualism and Support for Market Mechanisms
Landier, Augustin; Thesmar, David - National Bureau of Economic Research - 2022
This paper investigates the drivers of support for market mechanisms (competition and optimizing behavior by agents). We elicit such attitudes using concrete and simplified situations where respondents face a tradeoff between an economically efficient situation and a pro-social objective. We...
Persistent link: https://www.econbiz.de/10013191037
Cover Image
Why Doesn't Capitalism Flow to Poor Countries?
Tella, Rafael Di - 2007
corruption, which is more widespread in poor countries, reduces more the electoral appeal of capitalism than that of socialism …
Persistent link: https://www.econbiz.de/10012465489
Cover Image
Financial crisis in a socialist setting : impact on political behavior, social trust, and economic values
Abramitzky, Ran; Ben-Porath, Netanel; Lavy, Victor; … - 2023
Persistent link: https://www.econbiz.de/10014246463
Cover Image
Financial Crisis in a Socialist Setting : Impact on Political Behavior, Social Trust, and Economic Values
Abramitzky, Ran; Ben-Porath, Netanel; Lavy, Victor; … - National Bureau of Economic Research - 2023
Research on the political and social impacts of financial crises has focused chiefly on free market economies, hindering our understanding of their effects in other settings. We exploit an episode of a financial crisis that hit the Israeli kibbutzim to study its impact in a socialist context....
Persistent link: https://www.econbiz.de/10014226115
Cover Image
Federal Reserve Structure and the Production of Monetary Policy Ideas
Bordo, Michael D.; Prescott, Edward Simpson - National Bureau of Economic Research - 2023
We evaluate the decentralized structure of the Federal Reserve System as a mechanism for generating and processing new ideas on monetary policy over the 1960 - 2000 period. We document the introduction of monetarism, rational expectations, credibility, transparency, and other monetary policy...
Persistent link: https://www.econbiz.de/10014437046
Cover Image
Annexation or Conquest? The Economics of Empire Building
Grossman, Herschel I. - 2001
This paper develops an economic theory of empire building. This theory addresses the choice among three strategies that … Conquest. The theory shows how the choice among these strategies depends on such factors as the economic gains from imperial … constraints on financing imperial armies. This theory also addresses the scope of imperial ambitions. The paper uses examples from …
Persistent link: https://www.econbiz.de/10012470620