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A central tenet of economic sociology is that culture and regulatory institutions help to constitute the nature of economic actors and guide their actions, thus affecting economic outcomes (see, e.g., DiMaggio, 1994; Smelser and Swedberg, 1994). As socially organised agents operating in different...
Persistent link: https://www.econbiz.de/10005869981
This paper uses a modi.ed Harrodian model to understand both the long period of rapid Japanese growth and the recent period of stagnation. The model has multiple steady-growth solutions when the labour supply is highly elastic, and government intervention, we argue, took the Japanese economy...
Persistent link: https://www.econbiz.de/10010287845
Persistent link: https://www.econbiz.de/10010294538
We present new evidence on how generalized trust is formed. Unlike previous studies, we look at the explanatory power of economic institutions, we use newer data, we incorporate more countries, and we use instrumental variables to handle the causality problem. A central result is that legal...
Persistent link: https://www.econbiz.de/10010321621
crisis in modern capitalism. The following text attempts to sketch some elements of a remarkable leftist intellectual history …
Persistent link: https://www.econbiz.de/10012061720
In this paper, I investigate the phenomenon of long waves of capitalist development from two perspectives. First, I look for evidence of long waves of economic growth taking the dates for turning points of long waves from the historical literature (Mandel, 1995). Using historical data for 20...
Persistent link: https://www.econbiz.de/10011788901
An economic crisis in capitalism is a deep and prolonged interruption of the economy-wide circuit of capital. Crises … emerge from within the logic of capitalism's operation, and are manifestations of the inherently contradictory process of … capital accumulation. The Marxist tradition conceptualizes two types of crisis tendencies in capitalism: a crisis of deficient …
Persistent link: https://www.econbiz.de/10011788924
functioning of capitalism. They underestimated the possibilities to regulate the capitalist system and also allowed the working … regulation with the features of capitalism analysed in the Manifesto. …
Persistent link: https://www.econbiz.de/10011797484
This paper investigates the long first decade of reform in China (1978-1992) to show that Mises, in particular his initiating contribution to the Socialist Calculation Debate, became relevant to the reconfiguration of China's political economy when the reformers gave up on the late Maoist...
Persistent link: https://www.econbiz.de/10012695585
responses from local governments. This article aims to characterize the main traits of capitalism in Brazil, with a focus on its …
Persistent link: https://www.econbiz.de/10014309929