Showing 1 - 6 of 6
In this paper we compare the classical general equilibrium framework of Smith and Marx with the neoclassical one of …
Persistent link: https://www.econbiz.de/10005466851
science deal with such types of inquiries? The purpose of this essay is to show that Adam Smith's insights relating to these …
Persistent link: https://www.econbiz.de/10011944874
science deal with such types of inquiries? The purpose of this essay is to show that Adam Smith’s insights relating to these …
Persistent link: https://www.econbiz.de/10011537674
Persistent link: https://www.econbiz.de/10008578171
We study the effects of German unification in a model with capital accumulation, skill differences and a welfare state. We argue that this event is similar to a mass migration of low-skilled agents holding no capital into a foreign country. Absent a welfare state, we observe an investment boom,...
Persistent link: https://www.econbiz.de/10005771980
Persistent link: https://www.econbiz.de/10001101229