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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
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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
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The Shape of Twentieth Century Economic History
DeLong, J. Bradford - 2000
The history of the twentieth century can be summarized excessively briefly in five propositions: First, that the history of the twentieth century was overwhelmingly economic history. Second, that the twentieth century saw the material wealth of humankind explode beyond all previous imagining....
Persistent link: https://www.econbiz.de/10012471206
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What do we know about Macroeconomics that Fisher and Wicksell did not?
Blanchard, Olivier - 2000
The answer to the question in the title is: A lot. In this essay, I argue that the history of macroeconomics during the 20th century can be divided in three epochs: Pre 1940. A period of exploration, where macroeconomics was not macroeconomics yet, but monetary theory on one side, business cycle...
Persistent link: https://www.econbiz.de/10012471225
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Marshall's Economies
Henderson, Vernon - 1999
This paper estimates the nature and magnitude of the local externalities from own industry scale, as envisioned by Marshall. Census panel data on individual plants in high-tech and machinery industries across up to 487 countries are utilized, to quantify the direct effects of local external...
Persistent link: https://www.econbiz.de/10012471426
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Economic Imperialism
Lazear, Edward P. - 1999
Economics is not only a social science, it is a genuine science. Like the physical sciences, economics uses a methodology that produces refutable implications and tests these implications using solid statistical techniques. In particular, economics stresses three factors that distinguish it from...
Persistent link: https://www.econbiz.de/10012471484
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Mr. Keynes and the "Classics"; A Suggested Reinterpretation
Eggertsson, Gauti B.; Petracchi, Cosimo - National Bureau of Economic Research - 2021
This paper revisits and proposes a resolution to an empirical and theoretical controversy between Keynes and the "classics" (or monetarists). The controversy dates to Keynes's General Theory (1936)--most famously formalized in Hicks's (1937) classic Econometrica article, in which the IS-LM model...
Persistent link: https://www.econbiz.de/10012616606
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The Labor Market Impacts of Technological Change : From Unbridled Enthusiasm to Qualified Optimism to Vast Uncertainty
Autor, David H. - National Bureau of Economic Research - 2022
This review considers the evolution of economic thinking on the relationship between digital technology and inequality across four decades, encompassing four related but intellectually distinct paradigms, which I refer to as the education race, the task polarization model, the...
Persistent link: https://www.econbiz.de/10013210102
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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
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"If you compete with us, we shan't marry you" The (Mary Paley and) Alfred Marshall Lecture
Pande, Rohini; Roy, Helena - National Bureau of Economic Research - 2021
Alfred Marshall and Mary Paley Marshall are often described as the first academic economist couple. Both studied at Cambridge University, where Paley became one of the first women to take the Tripos exam and the first female lecturer in economics, with Marshall's encouragement. But in later...
Persistent link: https://www.econbiz.de/10012696390