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In 1973, Augusto Pinochet led a US-backed coup against Salvador Allende, Chile's democratically elected president. Pinochet's supporters argued that the coup was the only way to save the country amid statism and socioeconomic breakdown. But how much was Allende to blame for the crisis that...
Persistent link: https://www.econbiz.de/10013225657
Following on Keynes's Economic Possibilities for Our Grandchildren, this paper develops conjectures about the world we will leave to our grandchildren. It starts by outlining the 10 most important trends that have defined our economic, social, and political lives over the last 100 years. It then...
Persistent link: https://www.econbiz.de/10009540751
Over the past century, the institution of capital and the process of its accumulation have been fundamentally transformed. By contrast, the theories that explain this institution and process have remained largely unchanged. The purpose of this paper is to address this mismatch. Using a broad...
Persistent link: https://www.econbiz.de/10005621372
and institutions as given for the purpose of analysis, we argue that inflation could be understood only in terms of …
Persistent link: https://www.econbiz.de/10005789620
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
in 1992. To examine the dynamics of the growth and subsequent reduction in government spending, we present a dynamic … GDP - but eventually diverge from output due to the growth of the welfare state. After government expenditures become … large, we identify an endogenous threshold on the economy's growth path where it is optimal for politicians to shrink the …
Persistent link: https://www.econbiz.de/10011566079
-term development of democratic governing institutions. Higher levels of democracy in the North, as compared to the slaveholding South …
Persistent link: https://www.econbiz.de/10013215502
the inherent difficulty of planting democracy in so inhospitable a social environment as Iraq's. This paper examines the … society in making democracy work …
Persistent link: https://www.econbiz.de/10014071538
-of-origin composition of a county matters. Moreover, the culture, institutions, and human capital that the immigrant groups brought with …
Persistent link: https://www.econbiz.de/10010528617
.S. productivity levels during the postwar period and finds strong evidence for this phenomenon up to 1990, with rapid growth in … the 1990s, reflecting slower growth in OECD countries, a diminishing of the forces behind the convergence process given …
Persistent link: https://www.econbiz.de/10005518976