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In the present paper an empirical analysis will point out that loans to households trigger consumption which in turn through the creation of economic growth, as claimed by Saito (2007), reduces unemployment. Austerity measures should not last for too long, since economy will face too many...
Persistent link: https://www.econbiz.de/10013096108
Most pre-crisis explanations of the various corporate governance systems have considered the separation between ownership and control to be an advantage of the Anglo-American economies. They have also attributed the failure of other countries to achieve these efficient arrangements to their...
Persistent link: https://www.econbiz.de/10013116042
Can capitalist systems rapidly change from one type to another? According to the varieties of capitalism literature, a …
Persistent link: https://www.econbiz.de/10013099051
crises are inherent to the very nature of capitalism which is based on excessive production and consumption that do not go … made to radically change the capitalistic system. However, the history of the prosperous society has shown that capitalism … revolution or some new ideology but rather pragmatic steps to mend the flaws of capitalism without losing its benefits …
Persistent link: https://www.econbiz.de/10013222299
Some blame free-market capitalism for increasing income inequality, arguing that the richer classes could block access …
Persistent link: https://www.econbiz.de/10013290127
corporations have led to a new order wherein corporate capitalism has become a primary force in international law and states mostly …
Persistent link: https://www.econbiz.de/10013063806
This Article examines property law’s effect on economic inequality, particularly centered on Thomas Piketty’s findings in Capital in the Twenty-First Century. Piketty finds that when the rate of return on capital is greater than economic growth, capital concentrates among the wealthy,...
Persistent link: https://www.econbiz.de/10013296986
The varieties of capitalism (VoCs) approach has the potential to transform economics. It implicitly emphasizes the … theory to include a distinction between varieties and varietals of capitalism. Drawing on biology, varieties correspond to … inevitably involve choice means there is an inescapable normative question regarding what type of capitalism society will have. …
Persistent link: https://www.econbiz.de/10013347211
Persistent link: https://www.econbiz.de/10003349137
This paper analyzes whether nation-state governments can increase their credibility by becoming members of international organizations. Credibility is an important asset because it determines the real interest rate and is expected to have an important impact on investment and growth. It is...
Persistent link: https://www.econbiz.de/10003764217