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Redistributional preferences and imposed institutions
Chong, Alberto (contributor);  … - 2006
To what extent do imposed institutions shape preferences? We consider this issue by comparing the market-versus-state attitudes of respondents from a capitalist country, Finland, and an ex-communist group of Baltic countries, and by arguing that the period of communist rule can be viewed as an...
Persistent link: https://www.econbiz.de/10003775719
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European monetary integration and aggregate relative deprivation : the dull side of the shiny euro
Stark, Oded; Wlodarczyk, Julia - 2015
Drawing on the premise that the integration of economies revises people's social space and their comparators, we quantify social stress by aggregate relative deprivation, ARD; we calculate the effect of monetary mergers on ARD; and we document the validity of the superadditivity property of ARD...
Persistent link: https://www.econbiz.de/10011281232
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Sustaining Society with Ecological Capitalism
Turnbull, Shann - 2011
The paper explains how to achieve a universally prosperous environmentally sustainable global society. This objective is incompatible with traditional economic policies dependent of full employment and ideologies based on uninhibited use of non-renewable resources. Politically attractive...
Persistent link: https://www.econbiz.de/10013118800
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Inefficiencies and Inequities of Capitalism - And How They Can Be Reduced
Turnbull, Shann - 2011
Perpetual property rights to land, structures, corporations and money allows investors to be overpaid to create inefficiencies and inequities in a way not measured by accountants and little noticed by economists. All intellectual property rights have limited life. Most assets depreciate over...
Persistent link: https://www.econbiz.de/10013124770
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Renewable Energy : Stabilising Money and Society
Turnbull, Shann - 2017
This chapter explains how the generation of renewable energy and the creation of sustainable communities can guide capitalism to survive climate change on a self-reinforcing basis. The process depends upon introducing an ecological “use it or lose it” rule for owning money, land, buildings...
Persistent link: https://www.econbiz.de/10012945816
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Secular Stagnation, Too Much Saving, Ben Bernanke vs Larry Summers and the Theory of Limited Good
Caldararo, Niccolo Leo - 2015
Current discussions among major economists finds significant disagreement in defining the status of the global economy. This article examines the main themes in the context of the theories presented on savings, consumption and investment. The primitive society concept of “limited good”...
Persistent link: https://www.econbiz.de/10013018391
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Sustaining Society with Economic Democracy
Turnbull, Shann - 2013
Unlike leaders and scholars in the rest of the world, at least one Chinese leader and a Chinese scholar have identified the need to establish economic democracy as basis for introducing political democracy. Economic democracy also increases survival for the many by reducing environmental...
Persistent link: https://www.econbiz.de/10014160868
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Using the Classical Equation of Exchange and Cantillon Effects to Help Understand the Inequality Created by an Increasingly Active Central Bank Monetary Policy
Weber, Cameron M. - 2023
In this paper we use the classical equation of exchange to illustrate the two channels into which monetary expansion can be realized: in the real economy as employment creation or in asset markets as appreciations. Cantillon effects can help us to understand the asset market channel and how this...
Persistent link: https://www.econbiz.de/10014357486
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Responsibility and redistribution : the case of first best taxation
Tungodden, Bertil - 2001
It is not straightforward to define the ethics of responsibility in cases where the consequences of changes in factors within our control are partly determined by factors beyond our control. In this paper, we suggest that one plausible view is to keep us responsible for the parts of the...
Persistent link: https://www.econbiz.de/10011399693
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Social norms on rent seeking and preferences for redistribution
Sabatini, Fabio; Sarracino, Francesco; Yamamura, Eiji - 2014 - Preprint
Empirical studies have shown that preferences for redistribution are significantly correlated with expectations of … significantly and positively affects preferences for redistribution. On the other hand, living in an area where most citizens do not … stigmatize rent seeking, makes men more favourable to redistribution, which may be seen as a social equalizer in an unfair …
Persistent link: https://www.econbiz.de/10010381041