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Leadership and progress : democratic capitalism and the Pax Americana have brought many more global benefits than is often realized

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Political Competition and Economic Performance : Theory and Evidence from the United States

Besley, Timothy; Persson, Torsten; Sturm, Daniel - 2021

One of the most cherished propositions in economics is that market competition by and large raises consumer welfare. But whether political competition has similarly virtuous consequences is far less discussed. This paper formulates a model to explain why political competition may enhance...

Persistent link: https://www.econbiz.de/10013227235

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