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The rise of money and class society: The contributions of John F. Henry
Semenova, Alla; Wray, L. Randall - 2015
This paper explores the rise of money and class society in ancient Greece, drawing historical and theoretical parallels … and consolidation of class society and inequality. Money, class society, and inequality came into being simultaneously, so … transformation from egalitarian to class societies. In this context, money served to preserve the façade of social and economic …
Persistent link: https://www.econbiz.de/10010513079
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The rise of money and class society : the contributions of John F. Henry
Semenova, Alla; Wray, L. Randall - 2015
This paper explores the rise of money and class society in ancient Greece, drawing historical and theoretical parallels … and consolidation of class society and inequality. Money, class society, and inequality came into being simultaneously, so … transformation from egalitarian to class societies. In this context, money served to preserve the façade of social and economic …
Persistent link: https://www.econbiz.de/10010477576
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Efficiency invites divide and coercion in the age of increasing returns to scale
Xu, Yongsheng; Yoshihara, Naoki - 2019
In the presence of (at least locally) increasing returns to scale tech- nologies, the paper asks the question: does there exist an economic system which implements Pareto efficient allocations and respects the voluntary participation principle? To answer this question, the paper formulates an...
Persistent link: https://www.econbiz.de/10012388910
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Efficiency invites divide and coercion in the age of increasing returns to scale
Xu, Yongsheng; Yoshihara, Naoki - 2019
In the presence of (at least locally) increasing returns to scale tech- nologies, the paper asks the question: does there exist an economic system which implements Pareto efficient allocations and respects the voluntary participation principle? To answer this question, the paper formulates an...
Persistent link: https://www.econbiz.de/10012131698
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China in between varieties of capitalism and communism
Csanadi, Maria - 2016
This paper is challenging mainstream views about the contemporary Chinese system as a developmental state and a variety of capitalism. Based on a comparative analytical model (Csanádi, 1997, 2006) I will demonstrate that in China the general features of a communist system prevail to date, and...
Persistent link: https://www.econbiz.de/10011516983
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China in between varieties of capitalism and communism
Csanádi, Mária - 2016
This paper is challenging mainstream views about the contemporary Chinese system as a developmental state and a variety of capitalism. Based on a comparative analytical model (Csanádi, 1997, 2006) I will demonstrate that in China the general features of a communist system prevail to date, and...
Persistent link: https://www.econbiz.de/10011451123
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Returns to Skills and the Speed of Reforms : Evidence from Central and Eastern Europe, China, and Russia
Sabirianova, Klara Z.; Fleisher, Belton M.; Wang, Xiaojun - 2004
We explore the pace of increase in returns to schooling during the transition from planning to market over time across a number of Central and Eastern European countries, Russia, and China. We use metadata from 33 studies of 10 transition economies covering a period from 1975 through 2002. Our...
Persistent link: https://www.econbiz.de/10010271753
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30 years of economic transformation in CEE: Key five lessons for Belarus
Naūrodski, Sierž; Alachnovič, Aleś; Styczyńska, Izabela - 2020
Belarusian economy has been stagnating in 2011-2015 after 15 years of a high annual average growth rate. In 2015, after four years of stagnation, the Belarusian economy slid into a recession, its first since 1996, and experienced both cyclical and structural recessions. Since 2015, the...
Persistent link: https://www.econbiz.de/10012387301
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30 years of economic transformation in CEE : key five lessons for Belarus
CASE - Centrum Analiz Społeczno-Ekonomicznych - 2020
Belarusian economy has been stagnating in 2011-2015 after 15 years of a high annual average growth rate. In 2015, after four years of stagnation, the Belarusian economy slid into a recession, its first since 1996, and experienced both cyclical and structural recessions. Since 2015, the...
Persistent link: https://www.econbiz.de/10012230880
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When is Sovereign Debt Odious? A Theory of Government Repression, Growth Traps, and Growth Boosts
Acharya, Viral V.; Rajan, Raghuram Govind; Shim, Jack - National Bureau of Economic Research - 2022
We examine the dynamics of a country's growth, consumption, and sovereign debt, assuming that the government is myopic and wants to maximize short-term, self-interested spending. Surprisingly, government myopia can increase a country's access to external borrowing. In turn, access to borrowing...
Persistent link: https://www.econbiz.de/10013334513