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Abstract: Ha-Joon Chang (2011), in his article ‘Institutions and Economic Development: Theory, Policy and History', argues that economists place too much faith in ‘liberalized' institutions. Institutions matter for growth, he contends, but not the way institutional economists think they do....
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demand moved wheat future prices. The question arises if the activity of different market participants is also essential for …Many trends in the world wheat market might explain the extreme price movements on the U.S. wheat futures markets in … 2007/08 and 2010. But the different price reactions on the three wheat futures markets raise doubt if only supply and …
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