Economics in Sweden
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Kant and Lindahl
KANT AND LINDAHL By John E. Roemer and Joaquim Silvestre February 2021 COWLES FOUNDATION DISCUSSION PAPER NO. 2278 COWLES FOUNDATION FOR RESEARCH IN ECONOMICS YALE UNIVERSITY Box 208281 New Haven, Connecticut 06520-8281 http://cowles.yale.edu/ “Kant and Lindahl” by John E. Roemer, Yale University, and Joaquim Silvestre, University of California, Davis* February 2021 1. Introduction A good is public if its consumption is nonrival, and some public goods are nonexcludable. We consider three different ways by which the amounts of a public good and the distribution of its costs are determined: (i) The political system; (ii) Private supply by voluntary contributions; (iii) The supply of an excludable public good by private firms. 1.1. Public provision by the political system For many public goods, the decisions on their provision and financing are made by the public sector. These goods are quantitatively important, their supply requiring a substantial fraction of the budget at all levels of government. Knut Wicksell (1896) and Erik Lindahl (1919) analyzed the operation of a representative parliament.1 They envisaged a negotiation among the various parties in the parliament until all universally beneficial alternatives were exhausted. The resulting unanimous agreement yields (Pareto) efficiency. Section 2 below offers a precise model. 1.2. Private provision by voluntary contributions Some public goods are provided outside the public sector and outside the market by individual voluntary contributions: the textbook example is public radio. These tend to be quantitatively less important than the ones provided by the government. But information is a public good par excellence: thanks to the internet, much information is now provided on a voluntary contribution basis (Wikipedia, consumer ratings of products…). -
Structural Reform and Economic Policy
Structural Reform and Economic Policy Edited by Robert M. Solow Structural Reform and Economic Policy This is IEA conference volume no. 139 This page intentionally left blank Structural Reform and Economic Policy Edited by Robert M. Solow Massachusetts Institute of Technology Cambridge, MA, USA in association with the INTERNATIONAL ECONOMIC ASSOCIATION © International Economic Association 2004 All rights reserved. No reproduction, copy or transmission of this publication may be made without written permission. No paragraph of this publication may be reproduced, copied or transmitted save with written permission or in accordance with the provisions of the Copyright, Designs and Patents Act 1988, or under the terms of any licence permitting limited copying issued by the Copyright Licensing Agency, 90 Tottenham Court Road, London W1T 4LP. Any person who does any unauthorized act in relation to this publication may be liable to criminal prosecution and civil claims for damages. The authors have asserted their rights to be identified as the authors of this work in accordance with the Copyright, Designs and Patents Act 1988. First published 2004 by PALGRAVE MACMILLAN Houndmills, Basingstoke, Hampshire RG21 6XS and 175 Fifth Avenue, New York, N.Y. 10010 Companies and representatives throughout the world PALGRAVE MACMILLAN is the global academic imprint of the Palgrave Macmillan division of St. Martin’s Press, LLC and of Palgrave Macmillan Ltd. Macmillan® is a registered trademark in the United States, United Kingdom and other countries. Palgrave is a registered trademark in the European Union and other countries. ISBN 1–4039–3646–3 This book is printed on paper suitable for recycling and made from fully managed and sustained forest sources. -
London and Middlesex in the 1660S Introduction: the Early Modern
London and Middlesex in the 1660s Introduction: The early modern metropolis first comes into sharp visual focus in the middle of the seventeenth century, for a number of reasons. Most obviously this is the period when Wenceslas Hollar was depicting the capital and its inhabitants, with views of Covent Garden, the Royal Exchange, London women, his great panoramic view from Milbank to Greenwich, and his vignettes of palaces and country-houses in the environs. His oblique birds-eye map- view of Drury Lane and Covent Garden around 1660 offers an extraordinary level of detail of the streetscape and architectural texture of the area, from great mansions to modest cottages, while the map of the burnt city he issued shortly after the Fire of 1666 preserves a record of the medieval street-plan, dotted with churches and public buildings, as well as giving a glimpse of the unburned areas.1 Although the Fire destroyed most of the historic core of London, the need to rebuild the burnt city generated numerous surveys, plans, and written accounts of individual properties, and stimulated the production of a new and large-scale map of the city in 1676.2 Late-seventeenth-century maps of London included more of the spreading suburbs, east and west, while outer Middlesex was covered in rather less detail by county maps such as that of 1667, published by Richard Blome [Fig. 5]. In addition to the visual representations of mid-seventeenth-century London, a wider range of documentary sources for the city and its people becomes available to the historian. -
Raising Children to Work Hard: Altruism, Work Norms and Social Insurance ∗
RAISING CHILDREN TO WORK HARD: ALTRUISM, WORK NORMS AND SOCIAL INSURANCE ¤ Assar Lindbeck and Sten Nyberg February 28, 2006 Forthcoming in Quarterly Journal of Economics, 4, November 2006 Abstract Empirically, disincentive eects on work of generous welfare state arrange- ments tend to appear with a substantial time-lag. One explanation is that norms concerning work and benet dependency delay such eects. We model altruistic parents' economic incentives for instilling such work norms in their children. Anticipated economic support from parents may reduce work eort, and parental altruism makes threats to withdraw such support non-credible. Instilling norms mitigates this problem. However, generous social insurance arrangements tend to weaken parents' incentives to instill such norms in their children. We nd empirical support for this prediction. JEL Classication: Z13, D19, D64, H31. Keywords: Work norms, social insurance, altruism. ¤We are grateful for comments from Gary Becker, Alessandra Cassella, Torsten Persson, Michael Waldman, Jörgen W. Weibull and seminar participants at the EEA meeting in Lausanne, IIES Stockholm University, Uppsala University, the Research Institute of Industrial Economics Stockholm, SCASSS, SNS/CEPR Public Policy Symposium, Stockholm School of Economics, Swedish School of Economics and Business Administration, Helsinki, University of Munich and University of Sydney. We are also grateful for suggestions from two anonymous referees and the editor of this journal. Excellent empirical research assistance by Jose Mauricio Prado, Jr. is gratefully acknowledged. 1 I. Introduction In recent years, social scientists and politicians have expressed concern about disincentive eects on work of welfare-state arrangements, and related taxes on labor income, in Western Europe. The large reduction in per capita hours of work and the huge increase in the number of individuals of working age living on various government benets might be the most direct evidence of such eects. -
A Jamestown Timeline
A Jamestown Timeline Christopher Columbus never reached the shores of the North American Continent, but European explorers learned three things from him: there was someplace to go, there was a way to get there, and most importantly, there was a way to get back. Thus began the European exploration of what they referred to as the “New World”. The following timeline details important events in the establishment of the fi rst permanent English settlement in America – Jamestown, Virginia. PRELIMINARY EVENTS 1570s Spanish Jesuits set up an Indian mission on the York River in Virginia. They were killed by the Indians, and the mission was abandoned. Wahunsonacock (Chief Powhatan) inherited a chiefdom of six tribes on the upper James and middle York Rivers. By 1607, he had conquered about 25 other tribes. 1585-1590 Three separate voyages sent English settlers to Roanoke, Virginia (now North Carolina). On the last voyage, John White could not locate the “lost” settlers. 1602 Captain Bartholomew Gosnold explored New England, naming some areas near and including Martha’s Vineyard. 1603 Queen Elizabeth I died; James VI of Scotland became James I of England. EARLY SETTLEMENT YEARS 1606, April James I of England granted a charter to the Virginia Company to establish colonies in Virginia. The charter named two branches of the Company, the Virginia Company of London and the Virginia Company of Plymouth. 1606, December 20 Three ships – Susan Constant, Godspeed, and Discovery – left London with 105 men and boys to establish a colony in Virginia between 34 and 41 degrees latitude. 1607, April 26 The three ships sighted the land of Virginia, landed at Cape Henry (present day Virginia Beach) and were attacked by Indians. -
GIVE THANKS God Continues to Pour out “Give Thanks to the Lord, on Us and the People Here
2016 GIVE THANKS God continues to pour out “Give thanks to the Lord, on us and the people here. for the Lord is good; God’s love Browsing this newsletter \endures forever.” (Psalm 118:1) will indicate the forward motion present in the con- On Friday, September 30, the Ex- gregation. Ten new adult ecutive Committee received with members received, six bap- regret the resignation of Terry tisms, a strong stewardship Schacht as Office Administrator campaign, Acts of Faith, at David. Terry served in that po- nineteen young people in sition for more than ten years. Before that, she worked Confirmation, three adult Bible study groups, two in the David Lutheran Christian Preschool. Terry has children’s choirs, young people highly visible in wor- been a fixture in the office for many years, and her ship, Larry Novak’s ordination, the Community dedication and faithfulness will be missed. She Thanksgiving Dinner, two book clubs, Dartball games, brought many gifts to her work with the people of Da- Sew Happy, Quilters, the Rebecca Circle, … and the vid and the visitors who came to her door. We are sad- list goes on. It is obvious that the Lord continues to dened by her departure. In the last four years, we have bless this congregation with abundant life and spiritual come to know and love Terry. We have worked to- growth. gether with her and the other staff members. We wish her well and pray God’s blessings upon her as she So, in this month in which the theme of our goes forward to discover other opportunities to serve nation is Thanksgiving, let us give to God thanks for the Church and her Lord. -
Poverty Traps and Safety Nets
Poverty Traps and Safety Nets Christopher B. Barrett Department of Applied Economics and Management Cornell University and John G. McPeak Maxwell School of Citizenship and Public Affairs Syracuse University December 2003 revised version Prepared for “Poverty, Inequality and Development: A Conference in Honor of Erik Thorbecke,” October 10-11, 2003, at Cornell University, Ithaca, NY, USA. We thank Alain de Janvry and Ravi Kanbur for their invitation to participate in this event, Erik Thorbecke for his ongoing inspiration to so many of us, Michael Carter, Stefan Dercon and Dan Maxwell for helpful discussions that have informed parts of this paper, Alok Bhargava, Jan Willem Gunning, Martin Ravallion and conference participants for helpful comments, and Erin Lentz, Andrew Mude and Jacqueline Vanderpuye-Orgle for excellent research assistance. This work has been made possible, in part, by support from the United States Agency for International Development (USAID), through grant LAG-A-00-96-90016-00 through the BASIS CRSP, grants DAN-1328-G-00-0046-00 and PCE-G-98-00036-00 through the Pastoral Risk Management Project of the Global Livestock CRSP, and grant HFM-A-00-01-00132-00 to the Strategies and Analyses for Growth and Access (SAGA) cooperative agreement. The views expressed here and any remaining errors are mine and do not represent any official agency. Copyright 2003 by Christopher B. Barrett. and John G. McPeak All rights reserved. Readers may make verbatim copies of this document for non-commercial purposes by any means, provided that this copyright notice appears on all such copies. Poverty Traps and Safety Nets Erik Thorbecke has been a leader among development economists for decades and an inspiration to those of us who have had the privilege to work with him and to witness his creativity, commitment and industriousness first hand. -
The Firm As a Pool of Factor Complementarities
A Service of Leibniz-Informationszentrum econstor Wirtschaft Leibniz Information Centre Make Your Publications Visible. zbw for Economics Lindbeck, Assar; Snower, Dennis J. Working Paper The firm as a pool of factor complementarities CESifo Working Paper, No. 1046 Provided in Cooperation with: Ifo Institute – Leibniz Institute for Economic Research at the University of Munich Suggested Citation: Lindbeck, Assar; Snower, Dennis J. (2003) : The firm as a pool of factor complementarities, CESifo Working Paper, No. 1046, Center for Economic Studies and ifo Institute (CESifo), Munich This Version is available at: http://hdl.handle.net/10419/3085 Standard-Nutzungsbedingungen: Terms of use: Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Documents in EconStor may be saved and copied for your Zwecken und zum Privatgebrauch gespeichert und kopiert werden. personal and scholarly purposes. Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle You are not to copy documents for public or commercial Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich purposes, to exhibit the documents publicly, to make them machen, vertreiben oder anderweitig nutzen. publicly available on the internet, or to distribute or otherwise use the documents in public. Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, If the documents have been made available under an Open gelten abweichend von diesen Nutzungsbedingungen die in der dort Content Licence (especially Creative Commons Licences), you genannten Lizenz gewährten Nutzungsrechte. may exercise further usage rights as specified in the indicated licence. www.econstor.eu THE FIRM AS A POOL OF FACTOR COMPLEMENTARITIES ASSAR LINDBECK DENNIS J. SNOWER CESIFO WORKING PAPER NO. -
Professor Dwight M. Jaffee University of California, Berkeley School of Law
Professor Dwight M. Jaffee University of California, Berkeley School of Law Energy Efficiency Retrofits for U.S. Housing: Removing the Bottlenecks Housing Policy, Mortgage Policy, and the Federal Housing Administration Measuring and Managing Financial Risk, University of Chicago Press, Forthcoming Dwight M. Jaffee and John M. Quigley University of California, Berkeley - Finance Group and University of California, Berkeley - Department of Economics Date posted: November 26, 2012 The Application of Monoline Insurance Principles to the Reregulation of Investment Banks and the Gses Risk Management and Insurance Review, Vol. 12, Issue 1, pp. 11-23, 2009 Dwight M. Jaffee University of California, Berkeley - Finance Group Date posted: April 9, 2012 Banks Won’t Cheer More Capital, But They Need (Bloomberg, 01/31/2012) Bank Regulation and Mortgage Market Reform (Berkeley Business Law Journal, 2011) Diversification Disasters (with Rustam Ibragimov and Johan Walden, Journal of Financial Economics 2011) Long-Term Property Insurance (with Howard Kunreuther and Erwann Michel-Kerjan, Journal of Insurance Regulation 2011) The Future of the GSEs: The Role for Government in the U.S. Mortgage Market (NBER Working Paper # 17685 with John Quigley, December 2011) Housing and the Financial Crisis: The Future of the Government Sponsored Enterprises: The Role for Government in the U.S. Mortgage Market Chapter in NBER Book Housing and the Financial Crisis, Edward Glaeser and Todd Sinai, editors Dwight M. Jaffee and John M. Quigley University of California, Berkeley - Finance Group and University of California, Berkeley - Department of Economics Date Posted: December 15, 2011 Measuring and Managing Federal Financial Risk: Housing Policy, Mortgage Policy, and the Federal Housing Administration Chapter in NBER Book Measuring and Managing Federal Financial Risk, Deborah Lucas, editor Dwight M. -
Nine Lives of Neoliberalism
A Service of Leibniz-Informationszentrum econstor Wirtschaft Leibniz Information Centre Make Your Publications Visible. zbw for Economics Plehwe, Dieter (Ed.); Slobodian, Quinn (Ed.); Mirowski, Philip (Ed.) Book — Published Version Nine Lives of Neoliberalism Provided in Cooperation with: WZB Berlin Social Science Center Suggested Citation: Plehwe, Dieter (Ed.); Slobodian, Quinn (Ed.); Mirowski, Philip (Ed.) (2020) : Nine Lives of Neoliberalism, ISBN 978-1-78873-255-0, Verso, London, New York, NY, https://www.versobooks.com/books/3075-nine-lives-of-neoliberalism This Version is available at: http://hdl.handle.net/10419/215796 Standard-Nutzungsbedingungen: Terms of use: Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Documents in EconStor may be saved and copied for your Zwecken und zum Privatgebrauch gespeichert und kopiert werden. personal and scholarly purposes. Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle You are not to copy documents for public or commercial Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich purposes, to exhibit the documents publicly, to make them machen, vertreiben oder anderweitig nutzen. publicly available on the internet, or to distribute or otherwise use the documents in public. Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, If the documents have been made available under an Open gelten abweichend von diesen Nutzungsbedingungen die in der dort Content Licence (especially Creative -
Creating Value from Science Interaction Between Academia, Business and Healthcare in the Uppsala PET Centre Case
Företagsekonomiska institutionen Department of Business Studies Creating value from science Interaction between academia, business and healthcare in the Uppsala PET Centre case Anna Launberg Dissertation presented at Uppsala University to be publicly examined in Hörsal 2, Ekonomikum, Kyrkogårdsgatan 10, Uppsala, Wednesday, 14 June 2017 at 13:15 for the degree of Doctor of Philosophy. The examination will be conducted in Swedish. Faculty examiner: Professor Frans Prenkert (Örebro universitet). Abstract Launberg, A. 2017. Creating value from science. Interaction between academia, business and healthcare in the Uppsala PET Centre case. Doctoral thesis / Företagsekonomiska institutionen, Uppsala universitet 187. 274 pp. Uppsala: Företagsekonomiska institutionen. ISBN 978-91-506-2640-7. Recent decades have seen greater focus, both national and global, on universities’ role in boosting economic growth. Besides teaching and conducting research, universities are urged to contribute directly to the economy by commercialising research findings and interacting with industry. This thesis explores the dynamics and effects of such interplay by concentrating on a particular case of interaction involving Uppsala University, Uppsala University Hospital and a large multinational corporation. More specifically, the aim of the study was to investigate how use of science and value creation from science are affected when actors belonging to disparate spheres interact closely. The thesis recounts the evolution of the Uppsala PET Centre, established as a University research institute in 1989, which has served both as a site for pre- clinical and clinical research and as an important resource in routine clinical work. The whole Centre was commercialised when a large firm acquired it in 2002, only to be decommercialised and returned to the University and the University Hospital less than a decade later. -
Ohlin on the Great Depression
Ohlin on the Great Depression BENNY CARLSON | LARS JONUNG KNUT WICKSELL WORKING PAPER 2013:9 Working papers Editor: F. Lundtofte The Knut Wicksell Centre for Financial Studies Lund University School of Economics and Management Ohlin on the Great Depression Ten newspaper articles 1929-1935 selected by Benny Carlson and Lars Jonung Abstract: Bertil Ohlin was a most active commentator on current economic events in the inter- war period, combining his academic work with a journalistic output of an impressive scale. He published more than a thousand newspaper articles in the 1920s and 1930s, more than any other professor in economics in Sweden. Here we have collected ten articles by Ohlin, translated from Swedish and originally published in Stockholms-Tidningen, to trace the evolution of his thinking during the Great Depression of the 1930s. These articles, spanning roughly half a decade, bring out his response to the stock market crisis in New York in 1929, his views on monetary policy in 1931, on fiscal policy and public works in 1932, his reaction to Keynes' ideas in 1932 and 1933 and to Roosevelt's New Deal in 1933, and, finally, his stand against state socialism in 1935. At the beginning of the depression, Ohlin was quite optimistic in his outlook. But as the downturn in the world economy deepened, his optimism waned. He dealt with proposals for bringing the Swedish economy out of the depression, and reported positively on the policy views of Keynes. At an early stage, he recommended expan- sionary fiscal and monetary policies including public works. This approach permeated the contributions of the young generation of Swedish economists arising in the 1930s, eventually forming the Stockholm School of Economics.