The paper studies endogenous world balanced growth equilibria in which national learning productivity differentials govern relative per capita products. Learning productivities depend on the national share of world specialized goods production, national and world scale, and familiarity with the...

Trustworthiness is the basis for maximizing output in economic exchange and in explaining differences in standards of living around the world. A society's willingness to trust and the quality of its institutions have their origins in the trustworthiness of its citizens. We propose a theoretical...

In this paper we construct a model with increasing returns stemming from product variety to explore the different effects of regulations and taxes on economic development, real activity, and growth. Regulations raise fixed and variable costs, while taxes primarily increase variable costs. This...

Long-term economic development involves four fundamental processes: the exploitation of increasing returns to specialization, the transition from household to market production, knowledge and human capital accumulation, and industrialization. In this paper, we integrate these processes into a...

Introduction: John McDermott’s Body of Work -- Chapter 1 As Rights Expand Equality Declines -- Chapter 2 Ours is Not a “Liberal Society” -- Chapter 3 Inalienable Rights and the Abortion Wars -- Chapter 4 Elements of a Theory of Social Rights -- Chapter 5 Looking at the Workplace -- Chapter...