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—have a profound impact on the role of government in society, but have questionable predictive power. The history of credit …
Persistent link: https://www.econbiz.de/10012839563
Piketty's Capital in the 21st Century has attracted more attention than it perhaps deserves given that its main empirical claim, that wealth inequality is bound to occur in "capitalist" economies because the rate of return r is greater than the rate of economic growth g (r g), is not rigorously...
Persistent link: https://www.econbiz.de/10014137599
The constitutional Dollar was a silver coin. Federal and state paper moneys were unconstitutional, and gold and copper coins were not Dollars. Consequently, notable constitutional originalists claim any Dollar not constructed from silver – including the current widely circulating paper Federal...
Persistent link: https://www.econbiz.de/10014355712
Who invents? This is a central question to understanding possible barriers to entry in the innovation process. To address it, we match the Annual Report of the Commissioner of Patents from 1870 to 1940 to the corresponding U.S. Federal Population Censuses. This matching procedure provides a rich...
Persistent link: https://www.econbiz.de/10012964355
Texas, California, Arizona, New Mexico, Colorado, Utah, Wyoming and Nevada had they not joined the USA. We show that the … growth paths of Puerto Rico, Cuba, the Philippines and Greenland in the scenario where they joined the USA at times in … institutional quality of the USA as a whole matches the quality predicted for New England most closely. This suggests that upon …
Persistent link: https://www.econbiz.de/10012842927
We document two puzzling facts during the 1918–19 influenza outbreak. First, we find no significant differences among US life insurers' profitability before or after 1918. Second, there are fewer insurers in distress after the outbreak. We argue that an increase in insurance demand offset...
Persistent link: https://www.econbiz.de/10012822609
No. We document two empirical facts for the U.S. life insurance sector during the 1918–19 Influenza pandemic. First, we find no significant differences among U.S. insurers’ profitability after 1918. Second, there were fewer insurers in distress after the pandemic outbreak. Using synthetic...
Persistent link: https://www.econbiz.de/10013214176
Persistent link: https://www.econbiz.de/10014047560
For more than a decade now [i.e., ca. 1983], historians of technology in the United States have been engaged in a collective historiographic endeavor to generate a "conceptual framework" or set of "organizing themes" that would finally give some coherence to the history of technology as an...
Persistent link: https://www.econbiz.de/10014105391
Since its inception, supporters of the Jones Act have claimed that the law is essential to U.S. national security. Although indefensible on economic grounds, Jones Act advocates argue that its restrictions promote the development of both a U.S. merchant marine and shipbuilding and repair...
Persistent link: https://www.econbiz.de/10014103125