Since the 1980s, the United States has regressed to a level of economic inequality not seen since the Gilded Age in the late nineteenth century. At the same time, technological innovation has transformed society, and a core priority of public policy has been promoting innovation. What is the relationship between economic inequality and technological change? Mordecai Kurz develops a comprehensive integrated theory of the dynamics of market power and income inequality. He shows that technological innovations are not simply sources of growth and progress: they sow the seeds of market power. In a free market economy with intellectual property rights, firms’ control over technology enables them to expand, attain monopoly power, and earn exorbitant profits. Competition among innovators does not eliminate market power because technological competition is different from standard competition; it results in only one or two winners. Kurz provides a pioneering analysis grounded on quantifying technological market power and its effects on inequality, innovation, and economic growth. He outlines what causes market power to rise and fall and details its macroeconomic and distributional consequences. Kurz demonstrates that technological market power tends to rise, increasing inequality of income and wealth. Unchecked inequality threatens the foundations of democracy: public policy is the only counterbalancing force that can restrain corporate power, attain more egalitarian distribution of wealth, and make democracy compatible with capitalism. Presenting a new paradigm for understanding today’s vast inequalities, this book offers detailed proposals to redress them by restricting corporate mergers and acquisitions, reforming patent law, improving the balance of power in the labor market, increasing taxation, promoting upward mobility, and stabilizing the middle class.
A collection of papers dealing with a broad range of topics in mathematical economics, game theory and economic dynamics. The contributions present both theoretical and applied research. The volume is dedicated to Mordecai Kurz. The papers were presented in a special symposium co-hosted by the Stanford University Department of Economics and by the Stanford Institute of Economic Policy Research in August 2002.
Since the 1980s, the United States has regressed to a level of economic inequality not seen since the Gilded Age in the late nineteenth century. At the same time, technological innovation has transformed society, and a core priority of public policy has been promoting innovation. What is the relationship between economic inequality and technological change? Mordecai Kurz develops a comprehensive integrated theory of the dynamics of market power and income inequality. He shows that technological innovations are not simply sources of growth and progress: they sow the seeds of market power. In a free market economy with intellectual property rights, firms’ control over technology enables them to expand, attain monopoly power, and earn exorbitant profits. Competition among innovators does not eliminate market power because technological competition is different from standard competition; it results in only one or two winners. Kurz provides a pioneering analysis grounded on quantifying technological market power and its effects on inequality, innovation, and economic growth. He outlines what causes market power to rise and fall and details its macroeconomic and distributional consequences. Kurz demonstrates that technological market power tends to rise, increasing inequality of income and wealth. Unchecked inequality threatens the foundations of democracy: public policy is the only counterbalancing force that can restrain corporate power, attain more egalitarian distribution of wealth, and make democracy compatible with capitalism. Presenting a new paradigm for understanding today’s vast inequalities, this book offers detailed proposals to redress them by restricting corporate mergers and acquisitions, reforming patent law, improving the balance of power in the labor market, increasing taxation, promoting upward mobility, and stabilizing the middle class.
This book, co-authored by the Nobel-prized economist, Kenneth Arrow, considers public expenditures in the context of modern growth theory. It analyzes optimal growth with public capital. A theory of 'controllability' is developed and injected into public economics and growth models. Originally published in 1970
In this remarkable, historically significant book, Mordecai Paldiel recounts in vivid detail the many ways in which, at great risk to their own lives, Jews rescued other Jews during the Holocaust. In so doing he puts to rest the widely held belief that all Jews in Nazi-dominated Europe wore blinders and allowed themselves to be led like "lambs to the slaughter." Paldiel documents how brave Jewish men and women saved thousands of their fellow Jews through efforts unprecedented in Jewish history. Encyclopedic in scope and organized by country, Saving One's Own tells the stories of hundreds of Jewish activists who created rescue networks, escape routes, safe havens, and partisan fighting groups to save beleaguered Jewish men, women, and children from the Nazis. The rescuers' dramatic stories are often shared in their own words, and Paldiel provides extensive historical background and documentation. The untold story of these Jewish heroes, who displayed inventiveness and courage in outwitting the enemy--and in saving literally thousands of Jews--is finally revealed.
A study of Christian clerics who have been declared "Righteous among the Nations" by Yad Vashem; the number at present is close to 600. Examines activities of rescuers country by country, e.g. Germany, France, Belgium, the Netherlands, Poland, other countries of Eastern Europe, and Italy. Aid given to persecuted Jews included protests against official antisemitism, intervention with authorities, sermons calling on congregations to help Jews, providing Jews with Christian identity papers, and hiding Jews. Stresses that the Churches did not abandon their anti-Judaic doctrines during the Holocaust, and many of the rescuers were known as antisemites before the war. Some of the clerics approved the early anti-Jewish measures of the occupiers or of the pro-Nazi governments, but protested when the deportations began. Examines the motives of the clerical rescuers, which involved compassion and a necessity to help the persecuted in the spirit of the parable of the Good Samaritan, as well as a deep respect for Jews and Judaism, which was especially typical of Protestants. Protestants in countries where they were a small and persecuted minority rendered more help to Jews during the Holocaust than the dominant Catholic or Orthodox populations. After World War II the Catholic and Protestant Churches acknowledged a measure of responsibility for the genocide of the Jews.
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