Children for sail: British child migrants as colonial commodities

Information Technology as Commodities

This paper is about a model of software delivery known as Software as a Service (SaaS). We believe that companies will pay for software as they pay for electricity and telephone. They will pay for what they use. We present why and when it happened. That it came from the outsourcing idea and became possible by the advances in the Internet. Software retailers will become service provides. The mai...

Externalities as Commodities: Comment

Commodities as Collateral∗

This paper proposes and tests a theory of using commodities as collateral for financing. In the presence of capital control and financial frictions, financial investors import commodities and pledge them as collateral to capture the higher expected return in the importing country. The collateral demand for commodities increases commodity prices globally; it also increases futures risk premium i...

Labour markets and representative institutions: evidence from colonial British America

The literature has identified the quality of political institutions in the transition region as an essential but understudied component of growth, transition and reform. This paper aims to disentangle the determinants of democratic institutions by investigating if high income inequality is always detrimental to the emergence and stability of such regimes, and under what circumstances labour sca...

British Colonial Institutions and Economic Development in India

To extract revenue from its colony, the British implemented two major land tax systems and fundamentally altered the nature of existing property rights in India. In some regions, property rights and taxes were assigned to zamindars or landlords whereas in others they were assigned to ryotwars or cultivators. Because a few elites were able to accumulate significant economic and political power i...