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Evidence of falling wages in Catholic cities and rising wages in Protestant cities between 1500 and 1750, during the spread of literacy in the vernacular, is inconsistent with most theoretical models of economic growth. In The Protestant Ethic, Weber suggested an alternative explanation based on...
Persistent link: https://www.econbiz.de/10005396176
The rise of the East-German economy in the 1950s and 1960s and its decline in the 1970s and 1980s is difficult to explain by neoclassical economics. However, the observed life cycle may be explained by the inclusion of concepts from old and new institutional economics and from functional...
Persistent link: https://www.econbiz.de/10005027160
Post reunification estimates of East German per capita income were barely one-half the officially reported level. This paper tries to explain this discrepancy and to account for the implied postwar economic divergence between the two Germanies. The statistical discrepancy is attributed to a...
Persistent link: https://www.econbiz.de/10005582086
Evidence of falling wages in Catholic cities and rising wages in Protestant cities between 1500 and 1750, during the spread of literacy in the vernacular, is inconsistent with most theoretical models of economic growth. In The Protestant Ethic, Weber suggested an alternative explanation based on...
Persistent link: https://www.econbiz.de/10005729672
Traditional explanations for Western Europe's demographic growth in the High Middle Ages are unable to explain the rise in per-capita income that accompanied observed population changes. Here, we examine the hypothesis that an innovation in information technology changed the optimal structure of...
Persistent link: https://www.econbiz.de/10005353373
Persistent link: https://www.econbiz.de/10005264683
Existing theories explain the rise and fall of states either by random factors specific to each state or by a life cycle to which any state eventually succumbs. However, neither approach is able to explain systematic patterns such as the tendency toward smaller political units during the...
Persistent link: https://www.econbiz.de/10005542632
Recent changes in comparative advantage in the largest OECD economies differ significantly from the predictions of Heckscher-Ohlin-Vanek theory. Japan's rising share of OECD machinery exports and the improvement in the comparative advantage of the USA and Germany in heavy industry were...
Persistent link: https://www.econbiz.de/10005545734
Persistent link: https://www.econbiz.de/10005422057
Persistent link: https://www.econbiz.de/10005445136