Showing 1 - 10 of 149
Thomas Piketty's (2013) book, <em>Capital in the 21st Century</em>, follows in the tradition of the great classical economists, like Marx and Ricardo, in formulating general laws of capitalism to diagnose and predict the dynamics of inequality. We argue that general economic laws are unhelpful as a guide...
Persistent link: https://www.econbiz.de/10011156814
trade is still a political choice, and trade policy can change with shifts in domestic political equilibria. This paper … militarism according to these measures have had lower growth in trade. Focusing on bilateral trade flows, we also show that … in bilateral trade …
Persistent link: https://www.econbiz.de/10014045773
oceanic trade. Moreover, Atlantic ports grew much faster than other West European cities, including Mediterranean ports …. Atlantic trade and colonialism affected Europe both directly, and indirectly by inducing institutional changes. In particular …, the growth of New World, African, and Asian trade after 1500 strengthened new segments of the commercial bourgeoisie, and …
Persistent link: https://www.econbiz.de/10005829963
trade is still a political choice, and trade policy can change with shifts in domestic political equilibria. This paper … militarism according to these measures have had lower growth in trade. Focusing on bilateral trade flows, we also show that … in bilateral trade. …
Persistent link: https://www.econbiz.de/10008614665
oceanic trade. Moreover, Atlantic ports grew much faster than other West European cities, including Mediterranean ports …. Atlantic trade and colonialism affected Europe both directly and indirectly by inducing institutional changes. In particular …, the growth of New World, African and Asian trade after 1500 strengthened new segments of the commercial bourgeoisie and …
Persistent link: https://www.econbiz.de/10005067437
We develop a dynamic theory of resource wars and study the conditions under which such wars can be prevented. Our focus is on the interaction between the scarcity of resources and the incentives for war in the presence of limited commitment. We show that a key parameter determining the...
Persistent link: https://www.econbiz.de/10014042774
oceanic trade. Moreover, Atlantic ports grew much faster than other West European cities, including Mediterranean ports …. Atlantic trade and colonialism affected Europe both directly, and indirectly by inducing institutional changes. In particular …, the growth of New World, African, and Asian trade after 1500 strengthened new segments of the commercial bourgeoisie, and …
Persistent link: https://www.econbiz.de/10014032283
Persistent link: https://www.econbiz.de/10013422309
We develop a theory of political transitions inspired by the experiences of Western Europe and Latin America. Nondemocratic societies are controlled by a rich elite. The initially disenfranchised poor can contest power by threatening revolution, especially when the opportunity cost is low, for...
Persistent link: https://www.econbiz.de/10005757451
This paper presents a model in which firms and workers must engage in costly search to find a production partner. In this setting the skill, job and wage distributions and their evolutions are endogenized. The presence of search frictions implies that there are two redistributive forces in the...
Persistent link: https://www.econbiz.de/10005114138