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5
votes
2answers
890 views

Is money capital?

The Oxford English Dictionary defines "capital" as n. economic goods (e.g. railways, ships, machinery, buildings) destined for use in production (as opposed to consumers' goods). Historically, the ...
6
votes
1answer
86 views

Is there a study of world poverty rates over time pre 1800?

There seems to be research showing that world poverty rates have declined since 1800, see eg this. Is there any research on world poverty rates before this period? I am guessing that during this ...
6
votes
3answers
217 views

What is Islamic Banking?

What is "Islamic banking," and how is it similar to and different from banking as it occurs in the U.S.? I have heard Shariah Law prohibits usury, the taking of interest on loans. How do Muslim ...
5
votes
1answer
193 views

Book for Bretton Woods conferences and gold standard

I am looking for a good book to explain to me why the gold standard existed and why in the Bretton Woods conferences, some countries choose to abandon it. An explanation of the general scenario in a ...
2
votes
1answer
41 views

Could food storage prevent a depression?

In Genesis chapter 41 Joseph interpreted the dreams of Pharaoh about 7 years of plenty and 7 years of famine which resulted in saving Egypt from famine, among other things. I think this is a great ...
6
votes
2answers
6k views

When was fractional reserve banking introduced?

According to Wikipedia's history of banking article: Modern banking practice, including fractional reserve banking and the issue of banknotes emerged in the 17th century. The article on fractional ...
2
votes
0answers
59 views

Is the average age of economists getting higher than it was many years ago?

I read Hamermesh's 2012 paper, "Six Decades of Top Economics Publishing: Who and How?". He collected the data from QJE, AER and JPE. It seems that the average age of economists is now higher than it ...
4
votes
1answer
77 views

Was factory beef farming (in the USA) the result of government-subsidized corn?

In The Omnivore's Dilemma, Michael Pollan writes that industrial beef farming, in the form of concentrated animal feeding operations (CAFOs), is dependent on low corn prices for its cost-effectiveness....
8
votes
2answers
623 views

What causes the “imperialism of economics” and how did it start?

Wikipedia defines "economics imperialism" as follows: Economics imperialism (often economic imperialism) in contemporary economics refers to economic analysis of seemingly non-economic aspects of ...
10
votes
1answer
215 views

Do large public companies ever “quit while they're ahead”?

Large public companies (e.g. S&P 500) seem to end their lives in one of two ways: either they're acquired (or taken private), or they go bankrupt. Theoretically it seems like there should be a ...
8
votes
2answers
418 views

Historical US Housing Data Availability

Papers like Ng and Moench (2011) and Negro and Otrok (2007) use historical housing data to estimate latent variables that correspond to some "true" or "truer" measure of house prices or housing ...
18
votes
2answers
821 views

Why is capital income taxed differently than wage income?

Why is income from capital gains taxed differently than wage income? There are perhaps historical, practical, and theoretical reasons. What are they? (As far as historical reason go, I'm asking ...
14
votes
5answers
6k views

What was economics like as a field before Adam Smith, the father of *modern* economics?

Adam Smith is called the "father of modern economics" and his book The Weath of Nations, a fundamental work in the field of economics, is considered the first modern book on economics. In addition, ...

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