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The Lender of Last Resort Under the Microscope, c. 1840–1930
This chapter dissects the experience of historical lenders of last resort (LOLR) “on the ground.” It first clarifies what a standard LOLR operation...
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Policy Capacity in China’s Social Policy Reform
Resource allocation and capacity to implement policies are very important in social policy reforms. In many cases, the fiscal resource allocation is...
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National Income
Over the past century, per capita output increased almost 40-fold, and the output share of agriculture declined from nearly 70% to 2% in the southern...
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Immigrant Minorities and the Built Environment in Western Australia
Immigrant minorities play a continual role in transforming the built environment of Western Australia. Changing immigrant minorities have transformed...
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Probabilities of electoral outcomes: from three-candidate to four-candidate elections
The main purpose of this paper is to compute the theoretical likelihood of some electoral outcomes under the impartial anonymous culture in...
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Young, Allyn Abbott (1876–1929)
Allyn Young’s career presents a puzzle. He is best known to modern readers, if at all, as the author of one much-reprinted article on ‘Increasing...
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Analysis and Evaluation on the Distribution Characteristics of Wind Environment in **njiekou Central Area in Nan**g
Taking **njiekou central area of Nan**g as an example, this chapter applies the numerical simulation method and evaluation strategy of the...
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Innovators and imitators in a world economy
R&D, an important determinant of productivity, is highly concentrated in rich economies because of the slow diffusion of knowledge to develo**...
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The Essence of Creativity
In this book, “creative economy” is defined as the economy that promotes the market and social values of creative activities and improves the...
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Clerical Fascism: Portugal, Spain, and France
In addition to Austria (1934–1945) and General Pinochet’s Chile (1973–1990), this chapter examines some common White Terror characteristics of three...
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The Potential Gains from Carbon Emissions Trading in China’s Industrial Sectors
The command and control mechanism and the market trading mechanism have been adopted by Chinese government to reduce the industrial carbon emissions....
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The Austrian Shadow and ‘The Slogan of Liberty’
The obsequiousness with which ‘von’ Hayek and ‘von’ Mises have been treated—especially in the United States—suggests that something other than...
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‘Dictatorial Democracy,’ the Four Habsburg Estates, and ‘The Ethical Foundations of a Free Society’
Hayek ‘sometimes’ wished he ‘could return to psychology, I have so many ideas in that field.’ He must have reflected about the sociopathic, or...
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Eugenics and the Austrian Third and Fourth Generation
Hayek ‘just learned’ that Mises ‘was usually right in his conclusions, but I was not completely satisfied with his argument. It became very largely...
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Hayek, Heroism and Hagiography
Friedrich Hayek (1994, 46) was a teenager (aged 15–19) during the Great War: ‘then and for some years to come still a child’. He told his secretary...
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Aiding Car Producers in the EU: Money in Search of a Strategy
This article investigates how the general principles of the Treaty have been applied to the car sector in the EU, where the soft law provisions are...
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Hayek’s Official Biographer: The Lost Insights of William Warren Bartley III
When Friedrich August Hayek died (1992, age 92) his knowledge had helped undermine the legitimacy of one crusading faith: quasi-religious certainty...
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Financial market integration in late medieval Europe: Results from a threshold error correction model for the Rhinegulden and Basle Pound 1365–1429
This paper analyzes the integration of the foreign exchange market for the Basle Pound and the Rhinegulden and the market for gold and silver bullion...
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Opinion Formation in a Heterogenous Society
Opinion formation and opinion leadership has attracted a lot of research among sociologists and physicists in the last decades. The first concept of...
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Property rights and competing for the affections of Demos: the impact of the 1867 Reform Act on stock prices
The 1867 Reform Act in Britain extended the electoral franchise to the skilled but propertyless urban working classes. Using stock market data and...