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We examine the effect of one of the presumably most powerful cartels ever on the profitability of its members. More precisely, we consider the Rhenish-Westphalian Coal Syndicate, a coal cartel that operated in Imperial Germany in the late 19th and early 20th century, using a newly constructed...
Persistent link: https://www.econbiz.de/10005248526
intervention in the private sector that has continued to the present day. Through a comparison of the economic conditions of the …
Persistent link: https://www.econbiz.de/10005360569
This article describes a debate about the validity of the quantity theory of money and offers further evidence against it. The evidence is primarily from the North American colonies of Virginia, New York, and Pennsylvania and regards the issue of measuring the money supply. Studies have shown...
Persistent link: https://www.econbiz.de/10005360850
framework used by Keynes to form his expectations about the 21st-century world economy is remarkably close to modern growth …
Persistent link: https://www.econbiz.de/10005360856
This article argues that the quantity theory of money is not supported by the evidence. Contrary to the quantity theory, the article says, the value of money depends primarily on how carefully it is backed. That is, the rate of inflation depends more on underlying fiscal policies than on rates...
Persistent link: https://www.econbiz.de/10005360907
output, input, and productivity per worker that were rare in previous centuries. Even so, a few regions of the world have … in the last two centuries. ; Using data for most countries in the world since the 1800s and early 1900s, the authors find … that (1) economic growth has improved the lives of people all around the world compared to those of their ancestors and (2 …
Persistent link: https://www.econbiz.de/10005361031
Persistent link: https://www.econbiz.de/10005373124
.> Haimowitz examines whether there has been a systematic shift in the behavior and length of expansions in the post-World War II …
Persistent link: https://www.econbiz.de/10005373468
profoundly affect the world economy. ; In an article based on comments at the Tenth District Monetary Policy Roundtable, Mr …
Persistent link: https://www.econbiz.de/10005379605
compulsory years of schooling, reflecting the need of education in an increasingly globalized world. …
Persistent link: https://www.econbiz.de/10005017233