The Coming Extinction of Homo Economicus and the Eclipse of the
... Sullivan, supra note 6, at 1214 (“My thesis is that antitrust scholarship could usefully explore the styles of analysis and some of the material from the humanistic disciplines of history and philosophy, and that it might be useful to draw upon social sciences other than economics, particularly on s ...
... Sullivan, supra note 6, at 1214 (“My thesis is that antitrust scholarship could usefully explore the styles of analysis and some of the material from the humanistic disciplines of history and philosophy, and that it might be useful to draw upon social sciences other than economics, particularly on s ...
Voters, special interest groups, and economic sanctions
... have strong or consolidated preferences regarding the nuances of their government’s response. Once the sender’s policymakers have decided to adopt the sanction policy, and voters have been appeased, the sender government needs to respond to another set of demands – demands from special interest grou ...
... have strong or consolidated preferences regarding the nuances of their government’s response. Once the sender’s policymakers have decided to adopt the sanction policy, and voters have been appeased, the sender government needs to respond to another set of demands – demands from special interest grou ...
James Tobin - Willem Buiter
... utility must be quadratic or the joint distribution of returns must be normal. Tobin was quite unapologetic about these restrictions on the domain of applicability of the approach, as is clear from this slightly irritated comment on Borch and Feldstein’s [1969] critique on the Tobin [1958b] paper: ...
... utility must be quadratic or the joint distribution of returns must be normal. Tobin was quite unapologetic about these restrictions on the domain of applicability of the approach, as is clear from this slightly irritated comment on Borch and Feldstein’s [1969] critique on the Tobin [1958b] paper: ...
NBER WORKING PAPER SERIES JAMES TOBIN: AN APPRECIATION OF HIS
... utility must be quadratic or the joint distribution of returns must be normal. Tobin was quite unapologetic about these restrictions on the domain of applicability of the approach, as is clear from this slightly irritated comment on Borch and Feldstein’s [1969] critique on the Tobin [1958b] paper: ...
... utility must be quadratic or the joint distribution of returns must be normal. Tobin was quite unapologetic about these restrictions on the domain of applicability of the approach, as is clear from this slightly irritated comment on Borch and Feldstein’s [1969] critique on the Tobin [1958b] paper: ...
The revolutionary nature of growth
... revolutionary nature of no growth, as their electorates reject incumbent governments across the no-growth economies. We have downgraded our estimate for US growth to 2.5% on the assumption that oil averages $110/bbl over 2011-2012, and low growth will only intensify the political debate over the deb ...
... revolutionary nature of no growth, as their electorates reject incumbent governments across the no-growth economies. We have downgraded our estimate for US growth to 2.5% on the assumption that oil averages $110/bbl over 2011-2012, and low growth will only intensify the political debate over the deb ...
Globalization and Political Violence, 1970–2008
... the search for answers more pressing than ever. Liberals generally see globalization, or the widening and deepening of markets across the globe, as good for peace and social progress (Bhagwati 2004; Mandelbaum 2002; Russett and Oneal 2001). Others, largely neo-Marxists, critical theorists, and much ...
... the search for answers more pressing than ever. Liberals generally see globalization, or the widening and deepening of markets across the globe, as good for peace and social progress (Bhagwati 2004; Mandelbaum 2002; Russett and Oneal 2001). Others, largely neo-Marxists, critical theorists, and much ...
beyond exclusive humanism
... liberalism? The second preliminary task is to explain the relationship between exclusive humanism and contemporary liberalism. It is undertaken in order to pre-empt what would otherwise be the first objection to the entire project. Whether the critiques of humanism are valid or not - so the objectio ...
... liberalism? The second preliminary task is to explain the relationship between exclusive humanism and contemporary liberalism. It is undertaken in order to pre-empt what would otherwise be the first objection to the entire project. Whether the critiques of humanism are valid or not - so the objectio ...
Entrepreneurship and Innovation
... The Schumpeterian theory of the state has been largely neglected in recent discussions on the analytical relevance of Schumpeter’s thought for current theorising on the economic role of the state. Indeed, it is rather the matter of entrepreneurship and innovation that seems to have dominated the ong ...
... The Schumpeterian theory of the state has been largely neglected in recent discussions on the analytical relevance of Schumpeter’s thought for current theorising on the economic role of the state. Indeed, it is rather the matter of entrepreneurship and innovation that seems to have dominated the ong ...
globalizations - Semantic Scholar
... of a 'Great Divergence' -the observation that the 'global rift' between rich and poor parts of the world, especially between Europe and Asia, is of f~1irly recent origin. Few participants in the controversy surrounding this topic have suggested that the Great Divergence might be accounted for in ter ...
... of a 'Great Divergence' -the observation that the 'global rift' between rich and poor parts of the world, especially between Europe and Asia, is of f~1irly recent origin. Few participants in the controversy surrounding this topic have suggested that the Great Divergence might be accounted for in ter ...
Marx and Keynes: The Limits of Mixed Economy
... blessings of capitalism would spread over all the globe. Although I have witnessed this period of “unprecedented prosperity,” I also experienced the Great Depression between the two world wars. At that time, confidence in the resilience of capitalism was at a low ebb and theories abounded regarding ...
... blessings of capitalism would spread over all the globe. Although I have witnessed this period of “unprecedented prosperity,” I also experienced the Great Depression between the two world wars. At that time, confidence in the resilience of capitalism was at a low ebb and theories abounded regarding ...
What to do until the doctor comes: Relief for the unemployed
... offenceindeed, parts of it already have. This is unfortunate, because the criticism offered in it is, above all things, constructive. It took white South Africans more than three centuries to create (intentionally and unintentionally) the structures that underpin the contradictory mess of extremes ...
... offenceindeed, parts of it already have. This is unfortunate, because the criticism offered in it is, above all things, constructive. It took white South Africans more than three centuries to create (intentionally and unintentionally) the structures that underpin the contradictory mess of extremes ...
The Intergovernmental Network of World Trade: IGO Connectedness
... nance, even though they co-occur in most relationships. IGO connectedness presents a rare empirical opportunity to make this distinction, because while many IGOs pursue economic ends, others are formed for explicitly cultural and social purposes. Thus, a finding that SCIGOs, like the Nordic Children ...
... nance, even though they co-occur in most relationships. IGO connectedness presents a rare empirical opportunity to make this distinction, because while many IGOs pursue economic ends, others are formed for explicitly cultural and social purposes. Thus, a finding that SCIGOs, like the Nordic Children ...
Knowledge, Capabilities and Human Capital Formation in Economic
... growth among the developed economies with the conclusions derived through more detailed analyses of their historical experiences. Significant policy implications do emerge from the modern macroeconomic growth literature, but these are very broad in nature and not particularly germane to the situatio ...
... growth among the developed economies with the conclusions derived through more detailed analyses of their historical experiences. Significant policy implications do emerge from the modern macroeconomic growth literature, but these are very broad in nature and not particularly germane to the situatio ...
V ` ^·. -i- -ι`·``"ν* ^ Sc.`
... increased the number of individual shareholders and increased the liquidity and total capitalization of the nation's stock market. The chief reason that governments increasingly choose to privatize SOEs is clear. Governments have been selling SOEs to private investors in order to improve these firm ...
... increased the number of individual shareholders and increased the liquidity and total capitalization of the nation's stock market. The chief reason that governments increasingly choose to privatize SOEs is clear. Governments have been selling SOEs to private investors in order to improve these firm ...
Employment in Poland 2009
... Introduction The report ‘Employment in Poland 2009 – Entrepreneurship for Work’ is the fifth edition of the Employment in Poland series, a thorough study of the most significant processes occurring in the Polish and European labour markets. We hope that, as with previous editions, it will be an inte ...
... Introduction The report ‘Employment in Poland 2009 – Entrepreneurship for Work’ is the fifth edition of the Employment in Poland series, a thorough study of the most significant processes occurring in the Polish and European labour markets. We hope that, as with previous editions, it will be an inte ...
THE LEGATUM PROSPERITY INDEX™
... And so what do we observe from this vantage point? We see, for example, that despite the tumultuous events of the last five years, global prosperity is actually still on the rise. We see also that Latin America is on the rise, demonstrating steady economic growth. As European countries have fallen f ...
... And so what do we observe from this vantage point? We see, for example, that despite the tumultuous events of the last five years, global prosperity is actually still on the rise. We see also that Latin America is on the rise, demonstrating steady economic growth. As European countries have fallen f ...
the true university of these days is a collection of books
... writing. Mrs. Leland Stanford fired E. A. Ross in 1898 because she did not want his opinions broadcast from the campus she and her husband had recently founded to honor their young, deceased son, and which she controlled as a fiefdom. Ross, then identified as an economist, wrote and spoke in favor o ...
... writing. Mrs. Leland Stanford fired E. A. Ross in 1898 because she did not want his opinions broadcast from the campus she and her husband had recently founded to honor their young, deceased son, and which she controlled as a fiefdom. Ross, then identified as an economist, wrote and spoke in favor o ...
stockhouse nada
... During the previous year, the global economy has undergone the most rigorous financial and economic crisis in decades. Projections, on the other hand, do not seem promising either; the depth and duration of the crisis remains to be uncertain to a large extent. The contagion of the real economy by th ...
... During the previous year, the global economy has undergone the most rigorous financial and economic crisis in decades. Projections, on the other hand, do not seem promising either; the depth and duration of the crisis remains to be uncertain to a large extent. The contagion of the real economy by th ...
Towards Sustainable Development: Alternatives to GDP for
... The European Parliament Committee on Environment, Public Health and Food Safety requested a first version of this study from the EP Policy Department A on “Alternative progress indicators to GDP as a means towards sustainable development”. The study provided the Members of the European Parliament wi ...
... The European Parliament Committee on Environment, Public Health and Food Safety requested a first version of this study from the EP Policy Department A on “Alternative progress indicators to GDP as a means towards sustainable development”. The study provided the Members of the European Parliament wi ...
Property-Owning Democracy and the Di erence Principle∗
... of how much of society's wealth is devoted to public goods (Rawls 1999a, 235). The same would apply to social welfare programs. Like laissez-faire capitalism, a socialist society (such as China) may choose to provide little in the way of social welfare benets and other public goods (e.g. public hea ...
... of how much of society's wealth is devoted to public goods (Rawls 1999a, 235). The same would apply to social welfare programs. Like laissez-faire capitalism, a socialist society (such as China) may choose to provide little in the way of social welfare benets and other public goods (e.g. public hea ...
The Politics of Economic Growth in Postwar America 1
... era; throughout, ideology shaped conceptions of growth, while, at the same time, growth itself influenced ideology. As a result of this interpenetration, economic growth over time emerged as a much more complex and heavily freighted phenomenon than the rhetoric of many of its champions and most of it ...
... era; throughout, ideology shaped conceptions of growth, while, at the same time, growth itself influenced ideology. As a result of this interpenetration, economic growth over time emerged as a much more complex and heavily freighted phenomenon than the rhetoric of many of its champions and most of it ...
Neuhouser, “Rousseau`s Critique of Economic Inequality”
... and misery . . . germinated and grew” (DI, 167/OC 3, 171; emphasis added).4 These two effects of social inequality correspond nicely to the features of the original state of nature and of the “Golden Age” that Rousseau points to earlier in the text when explaining why those conditions are good: what ...
... and misery . . . germinated and grew” (DI, 167/OC 3, 171; emphasis added).4 These two effects of social inequality correspond nicely to the features of the original state of nature and of the “Golden Age” that Rousseau points to earlier in the text when explaining why those conditions are good: what ...
Beyond GDP
... certainly is a correlation between the two, this study shows that this is a highly conditional correlation, void of substantial causality for GDP levels observable in the European Union. Failing the discovery of a perfect substitute, GDP can continued to be used for (economic) reform assessments and ...
... certainly is a correlation between the two, this study shows that this is a highly conditional correlation, void of substantial causality for GDP levels observable in the European Union. Failing the discovery of a perfect substitute, GDP can continued to be used for (economic) reform assessments and ...
An Analysis of External Trade Between Kenya and the U.S
... in a national referendum in August 2010 and held its first elections since the 2007/08 post-election violence in March 2013. President Obama visited Kenya in July of 2015, the first sitting United States President to ever visit the country. His travel underscored the strength of the relationship bet ...
... in a national referendum in August 2010 and held its first elections since the 2007/08 post-election violence in March 2013. President Obama visited Kenya in July of 2015, the first sitting United States President to ever visit the country. His travel underscored the strength of the relationship bet ...
The New Capitalists - The Kelso Institute
... loans. In this instance, pure credit is employed to finance new capital formation. 8 To the extent that the credit exceeds the reserve required against the loan, and the loan is not secured by a lien on the corporation’s assets, capital formation taking place through a bank term loan is not solely d ...
... loans. In this instance, pure credit is employed to finance new capital formation. 8 To the extent that the credit exceeds the reserve required against the loan, and the loan is not secured by a lien on the corporation’s assets, capital formation taking place through a bank term loan is not solely d ...
Embedded liberalism
Embedded liberalism is a term for the global economic system and the associated international political orientation as it existed from the end of World War II to the 1970s. The system was set up to support a combination of free trade with the freedom for states to enhance their provision of welfare and to regulate their economies to reduce unemployment. The term was first used by the American political scientist John Ruggie in 1982.Mainstream scholars generally describe embedded liberalism as involving a compromise between two desirable but partially conflicting objectives. The first objective was to revive free trade. Before World War I, international trade formed a large portion of global GDP, but the classical liberal order which supported it had been damaged by war and by the Great Depression of the 1930s. The second objective was to allow national governments the freedom to provide generous welfare programmes and to intervene in their economies to maintain full employment. This second objective was considered to be incompatible with a full return to the free market system as it had existed in the late 19th century—mainly because with a free market in international capital, investors could easily withdraw money from nations that tried to implement interventionist and redistributive policies.The resulting compromise was embodied in the Bretton Woods system, which was launched at the end of World War II. The system was liberal in that it aimed to set up an open system of international trade in goods and services, facilitated by semi fixed exchange rates. Yet it also aimed to ""embed"" market forces into a framework where they could be regulated by national governments, with states able to control international capital flows by means of capital controls. New global multilateral institutions were created to support the new framework, such as the World Bank and the International Monetary Fund.When Ruggie coined the phrase embedded liberalism, he was building on earlier work by Karl Polanyi, who had introduced the concept of markets becoming ""dis-embedded"" from society during the 19th century. Polanyi went on to propose that the ""re-embedding"" of markets would be a central task for the architects of the post war world order, and this was largely enacted as a result of the Bretton Woods Conference. In the 1950s and 1960s, the global economy prospered under embedded liberalism, with growth more rapid than before or since. Yet the system was to break down in the 1970s.