This paper relates social mobility and social stratification to the structure of higher education. We develop an intergenerational model which shows that a two-tier higher education characterised by a division between elite and standard universities can be a key factor in generating permanent...

We employ a unique dataset on members of an elite service club in Germany to investigate how elite networks affect the allocation of resources. Specifically, we investigate credit allocation decisions of banks to firms inside the network. Using a quasi-experimental research design, we document...

Despite the ubiquity of illegality in today's financial markets, systematic scrutiny of the phenomenon of financial crime is lacking in the fields of economic sociology and political economy. One field of research in which the illegal behaviors of business elites have long taken center stage is...

Despite the ubiquity of illegality in today's financial markets, systematic scrutiny of the phenomenon of financial crime is lacking in the fields of economic sociology and political economy. One field of research in which the illegal behaviors of business elites have long taken center stage is...

As Hacker and Pierson (2010) have observed, politics is primarily organization: "organized combat." To understand the outcomes of politics, we have to look at how it is organized over time: by whom and with what resources? I take Sweden as an example of how politics as organized combat has...

Modern finance has become a very complicated field, which raises many questions about its economic and social mission. Many bankers’ ignorance of complex knowledge and care for the future are hostile ingredients that transform the markets’ volatility, through spillover effects, into economic...

The Arab monarchies of the Gulf have been undergoing striking socio-economic changes caused by the ending of the rent-based welfare state model on which they had largely relied since the 1950s. In this perspective, this paper aims at examining the comparative role of local business communities...

"$UPERHUBS is a rare, behind-the-scenes look at how the world's most powerful titans, the "superhubs" pull the levers of our global financial system. Combining insider's knowledge with principles of network science, Sandra Navidi offers a startling new perspective on how superhubs build their...

The German Excellence Initiative was intended to strengthen university-based research and to create a set of internationally competitive elite institutions. The present article analyses whether or not designation as an elite institution has had an impact on the number of first-year students. Our...

Zusammenfassung Die drei Essays dieser Dissertation leisten einen Beitrag zum Verständnis der politischen Ökonomie Indonesiens in Zeiten der Dezentralisierung. Vor dem Hintergrund des "Urban Poverty Project 2" (UPP2), einem kommunalen Entwicklungsprojekt in Indonesien, untersucht der erste...

This paper utilizes data on the presence of prominent individuals-that is, those with political (e.g., Members of Parliament) and aristocratic titles (e.g., lords)--on the boards of directors of English and Welsh banks from 1879 - 1909 to investigate whether the appointment of well-connected...

In advanced economies interest rates generally vary inversely with the borrower’s socio-economic status, because status tends to depend inversely on default risk. Both of these relationships depend critically on the impartiality of the law. Specifically, they require a lender to be able to sue...

The submitted research is devoted to estimation requirements to a leadership component of political management in modern Russiagenerated as realized by experts and in popular consciousness. This paper presents and analyzes experts and public opinion pollfindings in several regions of Russia....

As Suharto’s authoritarian regime came to an end in 1998, the country’s business elite faced new challenges. While rent seeking had previously primarily taken place through direct relationships with and concessions from Suharto, the business elite in contemporary Indonesia operates in a...

Zur gezielten Förderung von Wissenschaft und Forschung an den Universitäten hat die Politik 2005 die Exzellenzinitiative ins Leben gerufen. Die Gewinner des Wettbewerbs um Fördergelder wurden fortan als 'Eliteuniversitäten' bezeichnet. Der folgende Beitrag untersucht, ob die Zahl der...

Introducción / Ana Castellani y Mariana Heredia -- 1. Deuda externa y elite económica en la convertibilidad / Pablo Nemiña y Martín Schorr -- 2. La evolución de la elite económica en la Argentina de los años noventa / Ana Castellani -- 3. Las transformaciones de la elite empresarial en un...

The origin of crony capitalism: how institutional changes incentivize corruption -- The soil of crony capitalism: where corruption thrives -- Public office for sale: an illicit market for political power -- Cronyism in action: collusion between officials and businessmen -- Stealing from the...