Social norms, which create self-reinforcing expectations and patterns of behaviour, are the foundation of social life. In many economic, political, and social situations where coordination is important, different social norms, with sharply varying consequences, may emerge and persist. Different norms regarding how much others should be trusted constitute one important example.
How cooperation evolves: History, expectations, and leadership
Daron Acemoglu, Matthew O. Jackson, 13 June 2011
Why it matters who leads research universities
Amanda Goodall, 2 January 2010
It is well known that the top European research universities underperform compared to their American counterparts. The evidence is summarised with policy recommendations by van der Ploeg and Veugelers (2008a,b).
- A tale of two depressions: What do the new data tell us? February 2010 updateEichengreen, O’Rourke
- Educated in America: College graduates and high school dropoutsHeckman, LaFontaine
- Eurozone breakup would trigger the mother of all financial crisesEichengreen
- Panic-driven austerity in the Eurozone and its implicationsDe Grauwe, Ji
- Debt, deleveraging, and the liquidity trap: A new modelKrugman
Cadot, de Melo, 16 June 2014