Showing 71 - 80 of 164
Main description: Like nature itself, modern economic life is driven by relentless competition and unbridled selfishness. Or is it? Drawing on converging evidence from neuroscience, social science, biology, law, and philosophy, Moral Markets makes the case that modern market exchange works only...
Persistent link: https://www.econbiz.de/10014488324
The contributions to this volume offer an insight into the way that economists analyse the causes of money (mis)management in the US, Latin America, Europe and Japan, and prescribe stabilizing reforms. The mechanisms that link monetary policy - including foreign exchange regimes and the...
Persistent link: https://www.econbiz.de/10014305353
Adam Smith made a persuasive case that moral sentiments are the foundation of ethical behaviors in his 1759 The Theory of Moral Sentiments. This view is still controversial as philosophers debate the extent of human morality. One type of moral behavior, assisting a stranger, has been shown by...
Persistent link: https://www.econbiz.de/10014207165
Does the level of government debt affect living standards and if so, to what extent? We quantify the impact of the U.S. federal debt using an open economy overlapping generations model in which consumers have long but finite lifetimes. A demographic structure allows fiscal policy changes to have...
Persistent link: https://www.econbiz.de/10014116041
Zak & Knack (2001) demonstrate that interpersonal trust substantially impacts economic growth, and that sufficient interpersonal trust is necessary for economic development. To investigate the ability of policy-makers to affect trust levels, this paper builds a formal model characterizing public...
Persistent link: https://www.econbiz.de/10014119137
Why does trust vary so substantially across countries? This paper presents a general equilibrium growth model in which heterogeneous agents transact and face a moral hazard problem. Agents may trust those with whom they transact, but they also have the opportunity to invest resources in...
Persistent link: https://www.econbiz.de/10014119138
Why does trust vary so substantially across countries? How does trust affect growth? This paper presents a general equilibrium growth model in which heterogeneous agents transact and face a moral hazard problem. Agents in this world may trust those with whom they transact, but they also have the...
Persistent link: https://www.econbiz.de/10014209521
Persistent link: https://www.econbiz.de/10003803046
Persistent link: https://www.econbiz.de/10012192398
Persistent link: https://www.econbiz.de/10013464479