Capital accumulation has long been considered one of the driving forces behind economic growth. The idea that democratic experience accumulates and depreciates like other forms of capital is a relatively unexplored idea. Much like financial and physical capital, it has been suggested that...

The paper contributes to a symposium of the Oxford Review of Economic Policy on "Capitalism: What has Gone Wrong, What Needs to Change, and How can it be Fixed?". The analysis starts from the observation that, in the United States, the United Kingdom and continental Europe, widespread discontent...

The paper contributes to a symposium of the Oxford Review of Economic Policy on “Capitalism: What has Gone Wrong, What Needs to Change, and How can it be Fixed?”. The analysis starts from the observation that, in the United States, the United Kingdom and continental Europe, widespread...

The empirical literature is inconclusive about whether a country's democratization goeshand in hand with a reallocation of economic resources. With newly available individual-leveldata of former residents of the socialist German Democratic Republic (GDR), we analyzehow supporters and opponents...

Following the fall of the Iron Curtain it was important for the acceptance of the new economic and political system that the former Communist elites did not maintain their privileges, and that protesters, who helped to overturn the old system, improved their situation. With newly available panel...

We model how the interplay between tax surveillance institutions and civic capital shapes taxpayers’ support for welfare state. We show that, when tax surveillance is tight, rational civic-minded individuals express greater support for welfare spending than uncivic ones. We provide empirical...

This work is an analysis of the Economocracy and Representative Economocracy. A reformed economic system is required for the transformation of global grown debt to sustainable levels. The challenge to avoid economic worldwide deadlock yields the emerging need for economocracy as a premium...

Over the course of a quarter of a millennium industrial capitalism has emerged from four deep recessions brought on by the bursting of commodity bubbles to achieve sustained economic growth by instituting progressive policies. These policies promote market success by reinforce entrepreneurial...

Recent conceptualizations of trends in the structure of U.S. industry have focused on the relative importance of markets, hierarchies, and hybrid intermediate forms. This paper seeks to advance the discussion by distinguishing three ideal-typical forms of organization and their corresponding key...

The empirical literature is inconclusive about whether a country’s democratization has a long-lasting impact on former supporters or opponents of the bygone regime. With newly available individual-level data of former residents of the socialist German Democratic Republic (GDR), we analyze how...