Archive for May 5th, 2016

How state institutions forged during the Protestant Reformation drove development in Germany..

May 5, 2016

Jeremiah Dittmar and Ralf Meisenzahl have an interesting research on the topic. They look at role of social institutions in development.

They use the tool made popular by likes of Acemoglu/Robinson. One region gets these social institutions and other does not? What is the overall impact on one vs the other? This time the region is Germany and we have cities instead of countries. There were certain cities where Protestant movement led to development in some cities over others:

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Keynes’s critique of econometrics was surprisingly good…

May 5, 2016

Karl-Friedrich Israel has a nice piece on the topic. I mean it is something if Keynes gets some praises from scholars/followers of Austrian School:

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