Frank Ramsey is often portrayed as a British thinker immersed in theoretical problems in philosophy, mathematics, and economics. However, as Cheryl Misak (2020) shows, he was also preoccupied with political problems and concerned with practical efforts to improve the world. This chapter focuses...

International trade appears to be strongly dependent on the political environment and institutional arrangements. In this context, the commented strand of economics is expected to follow the relationships that can be turbulent. The paper reviews the available literature on international trade,...

Using textual analysis of 173,031 works printed in England between 1500 and 1900, we test whether British culture evolved to manifest a heightened belief in progress associated with science and industry. Our analysis yields three main findings. First, there was a separation in the language of...

We review the literature on geoeconomics, defined as the field of study that links economics and geopolitics (power rivalry). We describe what geoeconomics is and which questions it addresses, focusing on five main subfields. First, the use of geoeconomic policy tools such as sanctions and...

This paper proposes a novel assessment of the Kuznets curve for an underdeveloped country engaging in rapid late development. We mobilize new long-run data for Brazil, combining surveys, administrative records, and national accounts statistics, to compute macro-consistent income shares and other...

On December 3, 2024, Michael Hudson met with capital-as-power researchers Jonathan Nitzan, Tim Di Muzio, and Blair Fix to discuss the intersections between their two lines of research. What follows is a transcript of the conversation. A recording of the discussion is available at...

El 3 de diciembre de 2024, Michael Hudson se reunió con los investigadores del capital como poder Jonathan Nitzan, Tim Di Muzio y Blair Fix para discutir las intersecciones entre sus dos líneas de investigación. Lo que sigue es una transcripción de la conversación.

This book examines the creation of extreme poverty in Eastern Europe, focusing on Romanian Roma, through a comparative historical perspective on its roots and the socio-economic and political mechanisms that have shaped it in labor, housing, and migration. This interdisciplinary book explores...

This paper examines the potential for automation and artificial intelligence (AI) to induce a broader economic decline, impacting not only labor but also the owners of capital and advanced technology. While automation has traditionally favored skilled over unskilled workers, recent advancements...

This manuscript presents a detailed summary and reassessment of the 1941 final report of the Temporary National Economic Committee (TNEC). We portion the manuscript into four major parts: background, major themes, assessment of the report, and additional analysis and reflection. In the first...

In recent elections, Republicans and Democrats have been competing for the votes of the suburban middle class. The pocketbook issues of the working class have been largely ignored by both parties-this group comprises the true swing voters (voting for Trump in 2016 and 2024 and for Biden in...

When environmental regulations are unpopular, policymakers often attribute resistance to information frictions and poor communication. We test this idea in the context of a major climate policy: Germany's Heating Law of 2023, which mandates the phase-out of fossil fuel heating. Through a survey...

Joint taxation of married couples represents a puzzle for welfare economics. We investigate whether political economy forces can explain its persistence. We develop sufficient statistics to determine whether a reform towards individual taxation would garner majority support and apply this...

This paper studies the impact of austerity measures implemented by the UK government after 2010 on life expectancy and mortality. We combine administrative data sources to create a panel dataset spanning from 2002 to 2019. Using a difference-in-differences strategy, we estimate the effect of...

Germany has long been portrayed as the best real-world example of an export-oriented economic model associated with a dualized labor market and welfare state. The success of this export-centered model over the last decades has typically been ascribed to competitiveness due to wage restraint and...

During the first half of the twentieth century, many US states enacted laws restricting women's labor market opportunities, including maximum hours restrictions, minimum wage laws, and night-shift bans. The era of so-called protective labor laws came to an end in the 1960s as a result of civil...

This book introduces a theory of the politics of unpaid labour, advancing our understanding of inequality within the context of precarious work. Arguing that this theory can help address the inequalities perpetuating the dynamics and processes underpinning stigma which surround the rise of...

Investigating the trajectories of economic nationalisms in Cold War Europe, this open access book explores the scope and limits of small (nation-)state actors pursuing and defending national economic interests in a globalizing world. In so doing, it contributes a new perspective in the economic...

Seven decades ago, Simon Kuznets put forward the hypothesis that as economies developed, national inequality would first increase and then decrease-an inverted U-shape. He provided preliminary evidence for the hypothesis on the basis of the limited data available at the time, and theorized the...

This paper explores structural transformation in Harare, a city characterized by vertically divided authority. Harare's unique governance structure can offer invaluable insights into the role of political determinants in structural change in African cities. We aim to demonstrate how political...

This paper examines the impact of two massive and unexpected inflows of Ukrainians on voting behavior in Poland. The two migration shocks, caused by Russia's aggression against Ukraine in 2014 and 2022, allow us to compare the effects of conflict-induced labor migration and those of refugee...

Illegal, unreported and unregulated (IUU) fishing has been internationally branded as a major threat to oceans. Frequently depicted as having profound societal impacts and operational synergies with other forms of criminal activities, which justify the need for a so‐called global fight against...

Controlling the digital public sphere has become an important factor of authoritarianism in the twenty-first century. Authoritarian states are reluctant to accept foreign direct investment (FDI) in their internet infrastructure. However, expanding internet infrastructure is expensive, often...

Attitudes toward fiscal policy differ: fiscal conservatism and fiscal liberalism vary in their willingness to tolerate budget deficits. We challenge the view that such attitudes reflect national preferences. Instead, we offer an economic explanation based on a two-country Heterogeneous Agent New...

Attitudes toward fiscal policy differ: fiscal conservatism and fiscal liberalism vary in their willingness to tolerate budget deficits. We challenge the view that such attitudes reflect national preferences. Instead, we offer an economic explanation based on a two-country Heterogeneous Agent New...

This manuscript presents a detailed summary and reassessment of the 1941 final report of the Temporary National Economic Committee (TNEC). We portion the manuscript into four major parts: background, major themes, assessment of the report, and additional analysis and reflection. In the first...

This paper examines the data sources and methodologies used in economic research on corruption by analyzing 339 journal articles published in 2022 that include Journal of Economic Literature codes. The paper identifies the most commonly used data types, sources, and geographical foci, as well as...

This paper studies the impact of austerity measures implemented by the UK government after 2010 on life expectancy and mortality. We combine administrative data sources to create a panel dataset spanning from 2002 to 2019. Using a difference-in-differences strategy, we estimate the effect of...

During the first half of the twentieth century, many US states enacted laws restricting women's labor market opportunities, including maximum hours restrictions, minimum wage laws, and night-shift bans. The era of so-called protective labor laws came to an end in the 1960s as a result of civil...

Germany has long been portrayed as the best real-world example of an export-oriented economic model associated with a dualized labor market and welfare state. The success of this export-centered model over the last decades has typically been ascribed to competitiveness due to wage restraint and...

Seven decades ago, Simon Kuznets put forward the hypothesis that as economies developed, national inequality would first increase and then decrease-an inverted U-shape. He provided preliminary evidence for the hypothesis on the basis of the limited data available at the time, and theorized the...

This work offers the first comprehensive comparison between the philosophy of Adam Smith and that of his successor, Thomas Reid. It looks at Reid's and Smith's remarkably similar accounts of human perception and judgement, and at their different moral and economic theories. In this way, this...

On the 300th anniversary of his birth, one thing can be said about Adam Smith: entire libraries (real and digital) have been filled with analyses of his thought. This trend does not seem to be on the verge of ending soon. Everybody hopes to uncover the "real Smith." This article has a more...

How can we better understand the relationship between capitalism and democracy today? This article challenges the prevailing "independence thesis" that views capitalism and democracy as separate and often antagonistic systems. By revisiting Adam Smith's integrationist approach to political...

Accessible and affordable energy services are a prerequisite for socioeconomic growth and poverty reduction. Yet it is estimated that 600 million people in sub-Saharan Africa will not have access to electricity in 2030. Recent research suggests that universal access to electricity will be...

Attitudes toward fiscal policy differ: fiscal conservatism and fiscal liberalism vary in their willingness to tolerate budget deficits. We challenge the view that such attitudes reflect national preferences. Instead, we offer an economic explanation based on a two-country Heterogeneous Agent New...

US drone strikes are popular with the electorate and overseen by the President. This pa- per investigates whether the US President uses drone strikes strategically for political gain. We document that US drone strikes in Afghanistan, Pakistan, Somalia, and Yemen are sig- nificantly more likely...

Attitudes toward fiscal policy differ: fiscal conservatism and fiscal liberalism vary in their willingness to tolerate budget deficits. We challenge the view that such attitudes reflect national preferences. Instead, we offer an economic explanation based on a two-country Heterogeneous Agent New...