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Articles 1 - 5 of 5

Full-Text Articles in Economic History

Antitrust Energy, D. Daniel Sokol, Barak Orbach Nov 2014

Antitrust Energy, D. Daniel Sokol, Barak Orbach

D. Daniel Sokol

Marking the centennial anniversary of Standard Oil Co. v. United States, we argue that much of the critique of antitrust enforcement and the skepticism about its social significance suffer from “Nirvana fallacy” — comparing existing and feasible policies to ideal normative policies, and concluding that the existing and feasible ones are inherently inefficient because of their imperfections. Antitrust law and policy have always been and will always be imperfect. However, they are alive and kicking. The antitrust discipline is vibrant, evolving, and global. This essay introduces a number of important innovations in scholarship related to Standard Oil and its modern applications ...


Interest Groups In The Teaching Of Legal History, Herbert J. Hovenkamp Nov 2014

Interest Groups In The Teaching Of Legal History, Herbert J. Hovenkamp

Faculty Scholarship at Penn Law

One reason legal history is more interesting than it was several decades ago is the increased role of interest groups in our accounts of legal change. Diverse movements including law and society, critical legal theory, comparative law, and public choice theory have promoted this development, even among writers who are not predominantly historians. Nonetheless, in my own survey course in American legal history I often push back. Taken too far, interest group theorizing becomes an easy shortcut for assessing legal movements and developments without fully understanding the ideas behind them.

Intellectual history in the United States went into decline because ...


Officers Of Early Republic Philadelphia Corporations, Andrew M. Schocket Oct 2014

Officers Of Early Republic Philadelphia Corporations, Andrew M. Schocket

The Magazine of Early American Datasets (MEAD)

A large and representative but not exhaustive compilation of the elected and appointed officers of Philadelphia-area business corporations from the 1780s through the 1830s. It includes the officers of banks, insurance companies, turnpike companies, bridge companies, canal companies, river navigation companies, and railroad companies.


Three Essays In Macroeconomic History, Joshua W. Mason Sep 2014

Three Essays In Macroeconomic History, Joshua W. Mason

Doctoral Dissertations

Following Minsky, an economy can be understood as a set of units linked to each other by flows of money payments and by the commitments to future payments reflected on balance sheets. This dissertation offers three accounts of the historical evolution of the US economy, conceived of a network of balance sheets, over the course of 20th and early 21st century. The first essay looks at changes in the pattern of payment flows between nonfinancial corporations and financial markets associated with the ``shareholder revolution" of the 1980s. It argues that the shift in payouts to shareholders from a quasi-fixed stream ...


An Academic Parable: Robert W. Fogel's Raft, Heitor Moura Filho Apr 2014

An Academic Parable: Robert W. Fogel's Raft, Heitor Moura Filho

Heitor Moura Filho

The book Time on the Cross: The Economics of American Negro Slavery, by Robert W. Fogel and Stanley L. Engerman achieved great fame as a revolutionary interpretation of North American slavery, even though at the time it was criticized in detail by specialists in quantitative economic history. We believe that to quote it as a pioneering quantitative study of slavery has become an academic “meme”, which does not adequately reflect the severe criticism suffered by the book during the years following its publication. This text looks back to the book’s release and the subsequent debates in the ideological and ...