Choosing your own capitalism in a globalised world?

Daron Acemoglu, James A Robinson, Thierry Verdier 21 November 2012

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Against the background of the global financial crisis and the current economic slowdown, there is renewed interest in what type of capitalism is ‘best’ – which fosters growth and/or best improves average welfare in a society.

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Topics:  Global economy Welfare state and social Europe

Tags:  technology, capitalism, interdependence

The age of equality

Richard Pomfret 22 May 2012

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Economic reporting in the media frequently appears superficial since important economic processes may take decades for their consequences to work through, whereas media typically need fresh daily or weekly news. Economic history provides an antidote to this rush-to-judgement (e.g. Findlay and O’Rourke 2008, Eichengreen and Irwin 2009).

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Topics:  Politics and economics

Tags:  Industrial Revolution, capitalism, socialism

Seven things I learned about transition from communism

Andrei Shleifer 05 February 2012

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Recently, I was asked by the organisers of the IIASA conference1 to mark the 20th anniversary of the beginning of economic reforms in Eastern Europe and former Soviet Union to comment on the lessons of transition. The assignment presumably refers to the things that I learned – as an economist – that are different from what I believed initially. Such a recollection free from hindsight bias is challenging, but I tried. This list might be useful to future reformers, although there are not so many communist countries left.

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Topics:  Development Global economy Politics and economics Welfare state and social Europe

Tags:  Russia, communism, Transition economies, capitalism

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