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fields make use of a taxonomy of society consisting of three “spheres”: markets, governments, and communities. It is argued … taxonomy are explored, especially Fiske’s (1991, 2004) Relational Models theory. Then – after communities and their products … economic thinking and market ideology, including the notion of social capital, can be destructive of communities and their …
Persistent link: https://www.econbiz.de/10005025464
A bilateral danger of underperformance exists when two parties sink investments with payoffs dependent on the behavior of the other. There are five general categories of defense against that danger: (1) Legal action against a misbehaving co-investor; (2) Reliance on a reputation for...
Persistent link: https://www.econbiz.de/10012755127
China is undergoing its long-awaited industrial revolution. There is no shortage of commentary and opinion on this dramatic period, but few have attempted to provide a coherent, in-depth, politicaleconomic framework that explains the fundamental mechanisms behind China’s rapid...
Persistent link: https://www.econbiz.de/10012902904
Until recently, theorists considering the evolution of human cooperation have paid little attention to institutional punishment, a defining feature of large-scale human societies. Compared to individually-administered punishment, institutional punishment offers a unique potential advantage: the...
Persistent link: https://www.econbiz.de/10011316651
Until recently, theorists considering the evolution of human cooperation have paid little attention to institutional punishment, a defining feature of large-scale human societies. Compared to individually administered punishment, institutional punishment offers a unique potential advantage: the...
Persistent link: https://www.econbiz.de/10014147951
This paper starts by highlighting the recent auctions held in India with a brief detailing on the bidding made by different private players. The paper then proceeds by explaining the growth story of radio communication in India, also highlighting the time spent on radio. The study further...
Persistent link: https://www.econbiz.de/10012849231
Is it true that the Catholic reaction to Protestantism—the Counter-Reformation—lead to scientific and economic decline for hundreds of years? Introducing biography-based evidence, I show that Catholic and Protestant European cities long shared comparable trends of scientists per capita. But...
Persistent link: https://www.econbiz.de/10014358329
To identify effects of science on growth in the long-term, we need a shock to science which is sufficiently persistent. Was the Counter-Reformation—the Catholic reaction to Protestantism—such a shock? Did it harm science, unintentionally but enduringly, and thereby depress economic growth,...
Persistent link: https://www.econbiz.de/10014256189
This chapter reviews the theory of the voluntary public and private redistribution of wealth elaborated by economic analysis in the last forty years or so. The central object of the theory is altruistic gift-giving, construed as benevolent voluntary redistribution of income or wealth. The theory...
Persistent link: https://www.econbiz.de/10014023678
Decentralized finance (“DeFi”) is a fast-growing, under-explored sector in the cryptocurrency industry. DeFi leverages blockchain technology to facilitate financial transactions between users, as well as create the conditions for new forms of governance. This research focuses on the...
Persistent link: https://www.econbiz.de/10014257528