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The Rise and Decline of General Laws of Capitalism
Acemoglu, Daron - 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/10012457900
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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/10012457747
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Capitalism and Democracy in 2040 : Forecasts and Speculations
Fogel, Robert W. - 2007
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/10012465470
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Gold into Base Metals : Productivity Growth in the People's Republic of China during the Reform Period
Young, Alwyn - 2000
With minimal sleight of hand, it is possible to transform the recent growth experience of the People's Republic of China from the extraordinary into the mundane. Systematic understatement of inflation by enterprises accounts for 2.5% growth per annum in the non-agricultural economy during the...
Persistent link: https://www.econbiz.de/10012470887
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Civic Capital as the Missing Link
Guiso, Luigi - 2010
This chapter reviews the recent debate about the role of social capital in economics. We argue that all the difficulties this concept has encountered in economics are due to a vague and excessively broad definition. For this reason, we restrict social capital to the set of values and beliefs...
Persistent link: https://www.econbiz.de/10012462807
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Democratic Capital : The Nexus of Political and Economic Change
Persson, Torsten - 2006
We study the joint dynamics of economic and political change. Predictions of the simple model that we formulate in the paper get considerable support in a panel of data on political regimes and GDP per capita for about 150 countries over 150 years. Democratic capital -- measured by a nation's...
Persistent link: https://www.econbiz.de/10012466494
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Can't We All Be More Like Scandinavians? Asymmetric Growth and Institutions in an Interdependent World
Acemoglu, Daron - 2012
-style institutions? More generally, in an interdependent world, would we expect all countries to adopt the same institutions? To provide … theoretical answers to this question, we develop a simple model of economic growth in a world in which all countries benefit and … potentially contribute to advances in the world technology frontier. A greater gap of incomes between successful and unsuccessful …
Persistent link: https://www.econbiz.de/10012460215
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Capitalizing China
Fan, Joseph - 2011
Despite a vast accumulation of private capital, China is not embracing capitalism. Deceptively familiar capitalist …
Persistent link: https://www.econbiz.de/10012460970
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Why are the Critics so Convinced that Globalization is Bad for the Poor?
Aisbett, Emma - 2005
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...
Persistent link: https://www.econbiz.de/10012467621
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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/10012458007