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Welfare and planning : an analysis of capitalism versus socialism

Kohler, Heinz - 1979 - 2. ed.

Persistent link: https://www.econbiz.de/10000558864

Panttser, Ekaterina; Tian, Weidong - In: Risks : open access journal 1 (2013) 2, pp. 57-80

This paper presents a welfare analysis of several capital insurance programs in a rational expectation equilibrium setting. We first explicitly characterize the equilibrium of each capital insurance program. Then, we demonstrate that a capital insurance program based on aggregate loss is better...

Persistent link: https://www.econbiz.de/10010199026

Money, Growth, and Welfare in a Schumpeterian Model with the Spirit of Capitalism

He, Qichun; Luo, Yulei; Nie, Jun; Zou, Heng-Fu - 2020

itself. This description of entrepreneurship echoes Weber’s (1958 ) description of the “spirit of capitalism,” which states … implications of the spirit of capitalism on monetary policy, growth, and welfare in a Schumpeterian growth model. Different from … the spirit of capitalism is strong. Furthermore, we show the optimal nominal interest rate decreases with the strength of …

Persistent link: https://www.econbiz.de/10014090822