April 29, 2007 at 12:21 am
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This paper analyzes the roots and implications of variations in de facto institutions, within a constant de jure institutional setting. We explore the role of rent-seeking episodes in colonial Brazil as determinants of the quality of current local institu
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“Dear thief, I would like to ask you to sell me the goods that are you are going to steal from me. Buying it legally on the market is too expensive, and I’ve heard that you sell my goods for cheap rices. I promise secrecy, because I do not want to be arr
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Make Roads Safe is the campaign for global road safety. Every six seconds someone is killed or maimed on the world’s roads. Sign our petition calling for urgent action by the United Nations.
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This paper uses U.S. Social Security earnings administrative data to analyze the evolution of inequality and mobility since 1937. Uncapped earnings data available since 1978 show that mobility at the top of the earnings distribution has been very stable.
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Using detailed trade data, I document the following new fact about development:
there is rapid, widespread unconditional convergence in unit values across countries, a
common proxy for quality.
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lolcat style guide
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Global financial instability has sparked a surge in “monetary nationalism” — the idea that countries must make and control their own currencies. But globalization and monetary nationalism are a dangerous combination, a cause of financial crises and geopo
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What has happened in Cuba since Fidel Castro yielded power to his brother Raul? How do Cuban authorities see the changing international arena, particularly the trend to the left in Latin America? And what, almost fifty years after the Cuban Revolution, do
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The Greeks understood that comedy (the gods’ view of life) is superior to tragedy (the merely human). But since the middle ages, western culture has overvalued the tragic and undervalued the comic. This is why fiction today is so full of anxiety and suffe
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