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The recent sovereign debt crisis raises a debate on whether the cancelation of sovereign debt is compatible with democracy. Scholars opposed to the cancelation of sovereign debt refer to the Glorious Revolution of 1688, in which the British government began to make the people as a whole liable...
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We employ a unique dataset on members of an elite service club in Germany to investigate how elite networks affect the … findings, thus, resonate with existing theories of elite networks as rent extractive coalitions that stie economic prosperity. …
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We employ a unique dataset on members of an elite service club in Germany to investigate how social connections in … elite networks affect the allocation of resources. Specifically, we investigate credit allocation decisions of banks to … with existing theories of elite networks as rent extractive coalitions that stifle economic prosperity. …
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