More Than Just Money

More than just vanilla.

Money is more than memory∗

Impersonal exchange is the hallmark of an advanced society and money is one key institution that supports it. Economic theory regards money as a crude arrangement for monitoring counterparts’ past conduct. If so, then a public record of past actions—or memory—should supersede the function performed by money. This intriguing theoretical postulate remains untested. In an experiment, we show that ...

More than just big ears

To the non-specialist, large ears in elephants used to mean African, small ears, Indian. But to taxonomists African elephants have long posed a more complex puzzle. During the nineteenth century, it was fashionable for wealthy trophy hunters to assign their own names to species they had shot destined for the museums of Europe. At least 18 elephant subspecies were claimed following this fashion....

EHPnet: More Than Just Unleaded

More than just money: Patterns of disaggregated welfare expenditure in the enlarged Europe

This article demonstrates the potential of the disaggregated expenditure approach in comparative welfare state analysis by applying it for comparing patterns of welfare spending across 28 European countries. An initial factor analysis shows that welfare states differ primarily along their emphasis either on cash transfers for the elderly or on social services and cash transfers for the working-...