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High volatility and enormous international capital flows are negative effects of the globalization of financial markets that can lead to financial crises like those of the 1990s. The Tobin tax often has been put forward as a measure to diminish globalization risks since it is claimed to...
Persistent link: https://www.econbiz.de/10010263411
This paper investigates the impact of implicit institutions on the decision to become an entrepreneur. Implicit institutions are here defined as mindsets that have developed as the result of norms and traditions and we expect they will have an influence on risk attitudes and opportunity...
Persistent link: https://www.econbiz.de/10010267063
responses from local governments. This article aims to characterize the main traits of capitalism in Brazil, with a focus on its …
Persistent link: https://www.econbiz.de/10014309929
scholars and students in various fields, such as political economy, capitalism, and post-capitalist studies, economic and …
Persistent link: https://www.econbiz.de/10014520264
In Capitalism, Socialism and Democracy Joseph A. Schumpeter concluded that socialism would eventually displace … capitalism in Western democracies. This would come about as a result of the superior performance of capitalism. We extract six … 'stylized' propositions that are essential elements of Schumpeter's prediction about the fate of capitalism. These propositions …
Persistent link: https://www.econbiz.de/10010334746