The ‘societal crisis of the present' (Gesellschaftskrisis der Gegenwart) is defined by the German neoliberals Eucken, Röpke and Rüstow as a state of ‘massification' (Vermassung), proletarianization and disintegration – accompanied by a far-reaching moral decadence, an ethical nihilism...

We model the diffusion of economic knowledge using an epidemiological model of susceptible, exposed, infected, and recovered populations (SEIR). Treating bibliographic citations as evidence of contagion, we estimate the coefficients of a four-equation system simultaneously for each of 759...

The purpose of this background paper is i) to synthesize the discussions regarding the concept of human development, so as to inform the 2010 Report’s definition, and ii) drawing on the extensive policy and academic literatures, to propose relationships between the concept of human development...

Imagine this: a mere century ago, the purchasing power of an average American was one-tenth of what it is today. But what will it take to sustain that growth through the next century? And what can be said about economic growth to aspiring nations seeking higher standards of living for their...

'New' long run data regarding Norway, the Netherlands, United Kingdom and USA has been collected and will be graphically, statistically and econometrically compiled and analyzed to prove that real house prices in the long run are constant and mean reverting. Co-integration of nominal house...

This paper provides a comparative analysis of the Great Depression (1929-1933) and the Great Financial Crisis (2007-2009) by contrasting the crises' main driving forces and how they relate to each other with respect to the United States. To this end, causes, consequences and measures undertaken...

David Gerber's scholarship has been an inspiration and a major contribution to international competition policy. His earlier book Law and Competition in Twentieth Century Europe: Protecting Prometheus made a compelling case that there is a European competition law that stands apart from US...

This paper reviews a collection of essays by Charles Kindleberger. After a quick overview of the contents of the volume, the paper criticizes the position advanced by Kindleberger that monetary policy should seek to counteract asset price inflation. The review also discusses critically...

This paper uses as source material twenty-three autobiographical essays by Nobel economists presented since 1984 at Trinity University (San Antonio, Texas) and published in Lives of the Laureates (MIT Press). A goal of the lecture series is to enhance understanding of the link between biography...

There is a consensus among the majority of economists that the credit supply is limited by current household saving. If governments or foreigners ran deficits, they would absorb this limited saving so that firms could not borrow any longer and had to reduce their investment. This is the...