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Social and Behavioral Sciences Commons™

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Economics

Selected Works

2013

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Political Economy

Articles 1 - 2 of 2

Full-Text Articles in Social and Behavioral Sciences

Hungry Capital: The Financialization Of Food, Luigi Russi Mar 2013

Hungry Capital: The Financialization Of Food, Luigi Russi

Luigi Russi

Over the past thirty years, the ability of global finance to affect aspects of everyday life has been increasing at an unprecedented rate. The world of food bears vivid testimony to this tendency, through the scars opened by the 2008 world food price crisis, the iron fist of retailing giants that occupy the supply chain and the unsustainable ecological footprint left behind by global production networks. Hungry Capital offers a rigorous analysis of the influence that financial imperatives exert on the food economy at different levels: from the direct use of edible commodities as an object of speculation to the …

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Federal Competition And Economic Growth, Katrina Kosec, John William Hatfield Dec 2012

Federal Competition And Economic Growth, Katrina Kosec, John William Hatfield

Katrina Kosec

This paper exploits exogenous variation in the natural topography of the United States to estimate the causal impact of inter-jurisdictional competition on income growth. We find that doubling the number of county governments in a metropolitan area leads to a 17% increase in the average annual growth rate of earnings per employee over 1969-2006, and a 10% increase in 2006 income per employee. Decomposing income effects using 2000 Census worker-level data, we find that approximately half of the effect stems from making workers more productive, while the other half comes from changing the composition of the workforce and inducing workers …

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