Corruption, Culture, and Communism

Corruption, Social Judgment and Culture: An Experiment∗

Modern societies rely on both formal and social mechanisms to enforce social norms of behavior. Formal enforcement mechanisms rely on monetary or other tangible incentives while social enforcement mechanisms rely on some form of social judgment involving informal sanctions. We experimentally investigate the extent to which social observability and the possibility of social judgment affect indiv...

Experiments in Culture and Corruption A Review

The Impact Evaluation Series has been established in recognition of the importance of impact evaluation studies for World Bank operations and for development in general. The series serves as a vehicle for the dissemination of findings of those studies. Papers in this series are part of the Bank's Policy Research Working Paper Series. The papers carry the names of the authors and should be cited...

The fallacy of communism.

Marxism after communism

It is with apprehension but also conviction that I defend Marxism today1apprehension because we live in a period that is suspicious of visions of alternative futures, skeptical of grand historical narrative, dismissive of materialist explanations, rejecting of class analysis while tolerating capitalism's defects and pathologies as unavoidable and natural; conviction because we live in a period ...

Communism, Value Neutrality and Monetary Neutrality

One of the most puzzling aspects about the functioning of the floating exchange rate regime of the 1980s has been that huge swings in exchange rate have had only muted effects on anything real. To understand this phenomenon, we study the relationship between communism and value neutrality and monetary neutrality. We find that the symmetry of communism is bound to lead to value neutrality. In th...