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nondemocracy to democracy, alters the distribution of de jure political power, but the elite can intensify their investments in de … we refer to as invariance. When the model is enriched to allow for limits on the exercise of de facto power by the elite … may survive, but choose economic institutions favoring the elite. The main ideas featuring in the model are illustrated …
Persistent link: https://www.econbiz.de/10012734199
The paper explores a phenomenon often observed in transition economies, when newly established institutions are misused, i.e., applied or resorted to for reasons which have little in common with their intended or anticipated purpose. In such incidences institutions become sources of private...
Persistent link: https://www.econbiz.de/10008662276
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Intro -- Contents -- Contributors -- Editors' Introduction -- 1. The Stanford Tradition in Economic History -- Part One. Evolutionary Processes in Economics -- 2. Natural Resources and Economic Outcomes -- 3. The Institutionalization of Science in Europe, 1650- 1850 -- 4. The Fundamental Impact...
Persistent link: https://www.econbiz.de/10012684576
Maddison's international panel data show that technically it was the faster growth rate of the US economy that led to its overtaking the UK as economic superpower. We explore the contributing factors. Identifying the land-grant colleges system triggered by the 1862/1890 Morrill Acts (MAs) as a...
Persistent link: https://www.econbiz.de/10011880789
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The April 21, 2005 issue of the LONDON REVIEW OF BOOKS carried a lead article titled ‘Blood for Oil?’ The paper is attributed to a group of writers and activists – Iain Boal, T.J. Clark, Joseph Matthews and Michael Watts – who identify themselves by the collective name ‘Retort.’ In...
Persistent link: https://www.econbiz.de/10005836969
This paper documents the persistence of the Southern slave owning elite in political power after the end of the …
Persistent link: https://www.econbiz.de/10012267664
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