The Capitalist Spirit and Endogenous Growth

Overtakable capitalist growth paths∗

Comparing a process of laborand capital-augmenting technical change directed by capitalists’ maximization of profits with a counterfactual in which decentralized innovation decisions are governed by noncapitalist property relations, I claim that if the two economies start from the same technology and capital stock there’s a date T such that after T per-capita consumption is always strictly grea...

Capitalist Development and the Growth Paradigm

Abstract This chapter traces the relationship between the emergence of the current growth paradigm and the development of capitalism. It argues that economic growth is a fairly recent phenomenon which is inherently linked to the emergence of capitalism in the seventeenth and eighteenth centuries. It argues that economic growth in capitalism is inevitable, since this economic system is oriented ...

an investigation about the relationship between insurance lines and economic growth; the case study of iran

مطالعات قبلی بازار بیمه را به صورت کلی در نظر می گرفتند اما در این مطالعه صنعت بیمه به عنوان متغیر مستفل به بیمه های زندگی و غیر زندگی شکسته شده و هم چنین بیمه های زندگی به رشته های مختلف بیمه ای که در بازار بیمه ایران سهم قابل توجهی دارند تقسیم میشود. با استفاده از روشهای اقتصاد سنجی داده های برای دوره های 48-89 از مراکز ملی داده جمع آوری شد سپس با تخمین مدل خود بازگشتی برداری همراه با تعدادی ...

Explaining the Top Tail of the Wealth Distribution: Capitalist Spirit or Altruistic Bequests?

The aim of this paper is to explain the wealth distribution in the US economy, in particular the high concentration of wealth at the very top end of the distribution. In the literature it was conjectured that rich households accumulate more wealth (given their income) than what can be explained by standard consumption/saving models. To address this issue, I develop a general equilibrium heterog...

Endogenous growth promotors and inhibitors in tahiti lime