Showing 1 - 10 of 107
Personal experiences of economic outcomes, from global financial crises to individual-level job losses, can shape individual beliefs, risk attitudes, and choices for years to come. A growing literature on experience effects shows that individuals act as if past outcomes that they experienced...
Persistent link: https://www.econbiz.de/10012660014
field has been the application of neuroscience-based methods. Various techniques including neuroimaging, neuroendocrinology … affect infant brain development. We discuss whether there are truly worthwhile reasons for adding neuroscience and related …
Persistent link: https://www.econbiz.de/10012479365
Rugged individualism--the combination of individualism and anti-statism--is a prominent feature of American culture with deep roots in the country's history of frontier settlement. Today, rugged individualism is more prevalent in counties with greater total frontier experience (TFE) during the...
Persistent link: https://www.econbiz.de/10012481079
A long-standing debate concerns the rationality of slave owners and this paper addresses that debate within the context of manumission. Using a new sample of 19th-century Virginia manumissions, I show that manumission was associated with the productive characteristics of slaves. More productive...
Persistent link: https://www.econbiz.de/10012462948
Africa and Latin America secured their independence from European colonial rule a century and half apart: most of Latin America after 1820 and most of Africa after 1960. Despite the distance in time and space, they share important similarities. In each case independence was followed by political...
Persistent link: https://www.econbiz.de/10012466051
-specific characteristics such as the level of political freedom are taken into account. Political freedom is shown to explain terrorism, but it … does so in a non-monotonic way: countries in some intermediate range of political freedom are shown to be more prone to … terrorism than countries with high levels of political freedom or countries with highly authoritarian regimes. This result …
Persistent link: https://www.econbiz.de/10012467830
Hayek (1960) distinguishes the institutions of English freedom, which guarantee the independence of judges from … political interference in the administration of justice, from those of American freedom, which allow judges to restrain law … reflect these institutions of English and American freedom, and ask whether these rules predict economic and political freedom …
Persistent link: https://www.econbiz.de/10012469956
The freedom of citizens to form voluntary associations has long been viewed as an essential ingredient of modern civil … society. Our chapter revises the standard Tocquevillian account of associational freedom in the early United States by …
Persistent link: https://www.econbiz.de/10012457513
An unresolved question concerning post-Civil War U.S. industrialization is the degree to which import tariffs protected domestic manufacturers from foreign competition. This paper considers the impact of import tariffs on the domestic pig iron industry, the basic building block of the entire...
Persistent link: https://www.econbiz.de/10012471127
This paper studies a growth model that is able to match several key facts of economic history. For thousands of years, the average standard of living seems to have risen very little, despite increases in the level of technology and large increases in the level of the population. Then, after...
Persistent link: https://www.econbiz.de/10012471409