A model of endogenous growth is presented, based on productive public expenditures, and featuring some degree of income inequality, and polarization in policy preferences. The main innovation lays in the political process determining capital taxation that relies, both on voting and on "influence...

Using panel data from the BHPS and its Understanding Society extension, we study life satisfaction (LS) and income over nearly two decades, for samples split by education, and age - to our knowledge for the first time. The highly educated went from lowest to highest LS, though their average...

This paper reviews Finnish economic history during the ‘long’ twentieth century with a special emphasis on policies for equity and growth. We argue that Finland developed from a poor, vulnerable, and conflict-prone country to a modern economy in part through policies geared at both growth...

Das Apostolische Schreiben "Evangelii Gaudium" wurde in der Öffentlichkeit spontan als anti-kapitalistisch eingestuft, so als argumentiere Papst Franziskus marktfeindlich. Dies ist ein Interpretationsfehler. Er kommt dadurch zustande, dass Papst Franziskus für seine pastorale Botschaft eine...