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The New Comparative Economics
Shleifer, Andrei; Djankov, Simeon; Glaeser, Edward L.; … - School of Management, Yale University - 2003
In recent years, the field of comparative economics refocused on the comparison of capitalist economies. The theme of the new research is that institutions exert a profound influence on economic development. We argue that, to understand capitalist institutions, one needs to understand the basic...
Persistent link: https://www.econbiz.de/10005587127
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Some system-specific features of capitalism
Kornai, János - In: Közgazdasági Szemle (Economic Review - monthly of the … LV (2008) 5, pp. 377-394
system and post-socialist transition. This study takes the same approach to some general attributes of capitalism. After … clarifying some concepts, the author presents examples of some system-specific features of capitalism, before ad-dressing two of … its protago-nist, the entrepreneur. Only under capitalism can the mechanism of entrepreneurship and innovation emerge …
Persistent link: https://www.econbiz.de/10011124255
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Advantages and Disadvantages of the Holding of Gold Reserves by Central Banks - With Special Reference to the Swiss National Bank
Bernholz, Peter - In: Swiss Journal of Economics and Statistics (SJES) 138 (2002) II, pp. 99-113
It is advantageous for a country like Switzerland to hold part of its central bank reserves in gold, even given a discretionary monetary regime with flexible exchange rates. This in spite of the fact, that the return on gold reserves is usually lower than that on foreign exchange reserves....
Persistent link: https://www.econbiz.de/10005148975
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Frihed mellem fornuft og skepsis
Kurrild-Klitgaard, Peter - Volkswirtschaftliche Fakultät, … - 2012
The paper sketches an argument for a classical liberal view of the "natural rights" of life, liberty, property and the pursuit of happiness, albeit one based in a semi-"rule-utilitarian" approach, where the defense is based in a "hypothetical imperative" and circumscribed by what social science...
Persistent link: https://www.econbiz.de/10011110956
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Imitating Capitalism and Democracy at a Distance. Identifying with Images in the Polish Transition
Wydra, H. - European Institute - Political and Social Sciences - 1997
order in 1989 has widely been interpreted as the imitation of capitalism and democracy. This paper conceives of imitation as … that institutions and practices of capitalism and democracy were not the principal models of imitation in the Polish …
Persistent link: https://www.econbiz.de/10005671667
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New imperialism or new capitalism?
Nitzan, Jonathan; Bichler, Shimshon - Volkswirtschaftliche Fakultät, … - 2006
this paper is to address this mismatch. Using a broad brush, we outline a new, power theory of capital and accumulation. We … use this theory to assess the changing meaning of the corporation and the capitalist state, the new ways in which capital … gets accumulated and the specific historical trajectory of twentieth-century capitalism up to the present. …
Persistent link: https://www.econbiz.de/10005621372
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Public Power and Private Purpose : Odious Debt and the Political Economy of Hegemony
Pérez, Louis A. - 2007
This Article examines the process by which overlapping interests between private bankers and government translates into influence and power mediated through the use of bank loans as instruments of foreign policy. The article suggests the market transactions often act as a matter of U.S....
Persistent link: https://www.econbiz.de/10012777229
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Neoliberalism and patterns of economic performance: 1980 to 2000
Cohen, Joseph N.; Centeno, Miguel A. - Volkswirtschaftliche Fakultät, … - 2006
Neoliberal discourse often produces the impression that the world has undergone a wholesale shift toward laissez-faire and that this shift has produced economic prosperity. This article examines national economic data to discern the degree to which (1) governments have in fact retreated from the...
Persistent link: https://www.econbiz.de/10008560959
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From Riches to Rags or What Went Wrong in Greece
Bitros, George C. - Volkswirtschaftliche Fakultät, … - 2012
The economic and social progress Greece achieved in the early post war decades decelerated after 1974 because all institutions sustaining the effi-cient operation of democracy and free markets were deliberately and gravely eroded. Under the impetus of hard core socialists provisions introduced...
Persistent link: https://www.econbiz.de/10011113513
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"The Rise of Money and Class Society: The Contributions of John F. Henry"
Semenova, Alla; Wray, L. Randall - Levy Economics Institute - 2015
of money via the use of money for public purpose, following the principles of Modern Money Theory (MMT). When used …
Persistent link: https://www.econbiz.de/10011189242