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Tag: liberalism

Reassessing the Dependence of Capitalism on Democracy – the Case of Imperial Germany and the Weimar Republic

Posted on March 29, 2020January 25, 2021 by Nikhilesh Sinha

Summary of JOIE article (First View, 20 January 2020) by Gerhard Wegner, Lehrstuhl für Institutionenökonomie und WirtschaftspolitikStaatswissenschaftliche Fakultät, Universität Erfurt. The full article is available on the JOIE website. Recent approaches in institutional economics emphasize the dependence of capitalism on democracy. Acemoglu/Robinson (2012) argue that only inclusive political institutions will establish inclusive economic institutions which…

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