"We argue that market power by some corporations and in some sectors – including temporary market power emerging in the aftermath of the pandemic – amplified inflation. It made price increases peak higher and remain more persistent than they would have been in a world with less market power. To be clear: corporate profits were thus not the sole driver of inflation, nor are dominant corporations to blame for the energy shock
caused by Russia’s invasion of Ukraine. But we argue that their market power exacerbated the fallout – and that this is not sufficiently captured in the prevailing macroeconomic debate or in workhorse models."
"We argue that market power by some corporations and in some sectors – including temporary market power emerging in the aftermath of the pandemic – amplified inflation. It made price increases peak higher and remain more persistent than they would have been in a world with less market power. To be clear: corporate profits were thus not the sole driver of inflation, nor are dominant corporations to blame for the energy shock
caused by Russia’s invasion of Ukraine. But we argue that their market power exacerbated the fallout – and that this is not sufficiently captured in the prevailing macroeconomic
debate or in workhorse models."
"We argue that market power by some corporations and in some sectors – including
temporary market power emerging in the aftermath of the pandemic – amplified inflation.
It made price increases peak higher and remain more persistent than they would have
been in a world with less market power. To be clear: corporate profits were thus not the
sole driver of inflation, nor are dominant corporations to blame for the energy shock
caused by Russia’s invasion of Ukraine. But we argue that their market power exacerbated
the fallout – and that this is not sufficiently captured in the prevailing macroeconomic
debate or in workhorse models."
Description: Spain's new colonial empire endowed Europe's rising monarchy with an unprecedented economic windfall. In this episode, we find out how silver and other goods extracted from the Americas made the first truly worldwide economy possible at the cost of Spain's prosperity and long-term stability. #podcast #history #economics #colonialism #capitalism @histodons@econhist
Brilliant and engagingly written, Why Nations Fail answers the question that has stumped the experts for centuries: Why are some nations rich and others poor, divided by wealth and poverty, health and sickness, food and famine?
"This article presented empirical evidence for a statistically significant relationship between being part of the Roman Empire about 1700 years ago and current regional disparities in terms of quantity and quality of entrepreneurial activity, as well as innovation."
"This article presented empirical evidence for a statistically significant relationship between being part of the Roman Empire about 1700 years ago and current regional disparities in terms of quantity and quality of entrepreneurial activity, as well as innovation."
"This article presented empirical evidence for a statistically significant relationship between being part of the Roman Empire about 1700 years ago and current regional disparities in terms of quantity and quality of entrepreneurial activity, as well as innovation."
"This article presented empirical evidence for a statistically significant relationship between being part of the Roman Empire about 1700 years ago and current regional disparities in terms of quantity and quality of entrepreneurial activity, as well as innovation."
"The following review of the archeological and document evidence indicates that three events occurring in the first half of the first millennium BC trigger the emergence of a specialized and integrated classical economy after 500 BC: (i) growth in demand for silver as a medium of exchange in economies in the Near East; (ii) technical breakthroughs in hull construction and sailing rig in merchant shipping of the late Bronze Age; (iii) perfection of ferrous metallurgy into the European hinterland."
A series of U.S. federal legislation under the Biden administration has spawned a manufacturing boom at a scale not seen in decades. Unfortunately, the country is repeating the same socio-economic, land use, and transportation policy mistakes that have lead to many of the ills we’re seeking to remedy. Are we missing an opportunity to build back better? @geography@DialoguesHG#UrbanPlanning#economics cc: @yfreemark
CW: Anti-Semitic violence and the enslavement and genocide of indigenous peoples in the Americas.
In 1492 Columbus sailed the ocean blue or at least that's how the rhyme goes. It's time to dive in to Columbus' place in the history of capitalism, why Spain and Portugal were at the forefront of European maritime expeditions, and how they carved up the world.
"The Open Encyclopedia of Anthropology (formerly
Cambridge Encyclopedia of Anthropology) is a growing teaching and learning
resource. Its goal is to facilitate access to scholarship in Social Anthropology
for experts and non-experts worldwide. All entries are written and peer-reviewed
by leading academics."
Author clearly explains how private equity firms are destroying essential industries, how they avoid legal responsibility for the disastrous consequences, who’s empowering them and how they can be stopped.
Private equity’s #enshittification is to blame for much of the worst aspects of health care, housing crisis, the economy as well as the deepening wealth gap.
Its now time to kick the story of capitalism off with a bang. Gunpowder did more than just change warfare. Its production and use completely transformed society, governance, and gave rise to one of the first modern industries. Nothing shows these changes better than the Ottoman Turks, the world's first gunpowder empire, and their 1453 CE conquest of Constantinople.
A new article up on my website Sociological Infatuation about world historical political economist and general dirtbag Karl Marx. This is an introduction aimed at community college #sociology students and instructors looking to approach this material. This is not focused on various critiques of #Marxism because it was already 2,200 words and I wanted to get something out.
we have several econ positions at assistant/associate level, any field econjobmarket.org/positions/9867
Our lab results from the merger of the dpts of econ of Polytechnique (France’s 1er engineering school) & ENSAEparis (which trains public statisticians).
..so teaching will take place either at ENSAE or Polytechnique
The untold story of mega-mansion maintenance crews. It turns out your typical US$20 million Los Angeles mega mansion costs around US$42,000 each month in upkeep costs: https://youtu.be/k-ImID3kpAg?si=fYZEEr8lLKaSInKi