What are the long-term economic effects of a more equal distribution of wealth? We exploit variation in historical inheritance rules for land in Germany. In some German areas, inherited land was to be shared or divided equally among children, while in others land was ruled to be indivisible....

The differences between mainstream and 'heterodox' theories and policies have become increasingly blurred, and this dynamic has also affected heterodox analyses of development. Being trapped by the primacy of the statistics-based methodological imperative, much heterodox thinking on development...

Debt among African nations is a widespread and pervasive problem particularly among developing nations. Debt has significant, profound and long-lasting consequences for the social, economic and political development of African nations. All too often poorer nations have been forced to set aside...

Why has the expansion of women's economic and political rights coincided with economic development? This paper investigates this question, focusing on a key economic right for women: property rights. The basic hypothesis is that the process of development (i.e., capital accumulation and...

In the late 1990s, as economists looked back the development period in Africa since 1970s, they put forward the notion “African growth tragedy” , meaning that Africa's poor growth and resulting low income is associated with low schooling, political instability, underdeveloped financial...

This chapter reviews the recent debate about the role of social capital in economics. We argue that all the difficulties this concept has encountered in economics are due to a vague and excessively broad definition. For this reason, we restrict social capital to the set of values and beliefs...

Why has the expansion of women's economic and political rights coincided with economic development? This paper investigates this question, focusing on a key economic right for women: property rights. The basic hypothesis is that the process of development (i.e., capital accumulation and...

The Protestant Reformation is a vivid example of how religious transformation could set in motion institutional changes, leading to profound consequences for economic and political development. Although economists and other social scientists agree that there is a strong relation between the...

Trust among individuals of a society is an important dimension of social capital and may have different economic and development implications. The present study is an attempt to investigate the relationship of trust with economic growth and human development. It is unique in at least two...

The newly born, one year old State of Southern Sudan faces multiple challenges, economic, administrative, ethnic and most of all, civil conflicts with its previous mother country, Sudan. Building a state is an arduous mission and building a nation comprised of many ethnicities is the most...