The paper presents a monetary policy model with an endogenous capital stock when a backwardlooking element in wage setting causes inflation persistence. We analyse how the endogeneityof the capital stock changes the macroeconomic dynamics with which policy interacts and itsimplications for...

The tasks as well as the types of co-operatives within an economy have continuouslybeen discussed for nearly two hundred years. Since the days ofOwen, the principles as well as the appearance of co-operatives have beenheavily disputed. This became evident by the controversy between...

[...]In this paper, I survey the academic literature onblockholders and corporate control. As with any survey paper,I must be selective. Thus, I focus on empirical research, as Ibelieve that much of what we know about blockholders hascome through empirical investigations as opposed totheoretical...

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...

[...]The New York City Social Indicators Survey (SIS)project represents one effort to track the consequences ofpolicy reform and devolution for inequality and well-beingin the largest and most diverse city in the United States.The project uses a telephone survey to collect data from arepeated...

A founding member of the Historians’ Group of the Communist Party, of the journal Past and Present, and of a distinctive and distinguished School of History at the University of Birmingham, Rodney Hilton was among the most notable medieval historians of the latter half of the twentieth...

Ludwig von Mises hat Zeit seines Lebens die intellektuelle Auseinandersetzung mitantiliberalen und antikapitalistischen Ressentiments gesucht. Der vorliegende Beitraggreift die bereits durch Mises gestellte Frage nach möglichen Gründen für dieantikapitalistischen Ressentiments der...