Open Access. Powered by Scholars. Published by Universities.®
- Publication
Articles 1 - 2 of 2
Full-Text Articles in Behavioral Economics
Impacts Of Sudan Macroeconomic Policy On Agriculture, Issam A.W. Mohamed Professor
Impacts Of Sudan Macroeconomic Policy On Agriculture, Issam A.W. Mohamed Professor
Professor Issam A.W. Mohamed
The crisis of Southern Sudan and eminent secession in 9 July 2011 is a nightmare to the Sudanese national economy. The dependence on oil revenue that controlled the country for the past 11 years and negligence of the other real economy's economic sectors, agriculture and industry severely threatens the country. That is not only with diminished returns but with also with economic nightmarish economic catastrophe, famine and internal implosion. Short-sightedness on utilizing the oil money that bubbled the economy atrophied the real economic sectors and disabled it from responding to secession consequences of parting with 75% of revenues from oil …
The Prudent Village: Risk Pooling Institutions In Medieval English Agriculture, Gary Richardson
The Prudent Village: Risk Pooling Institutions In Medieval English Agriculture, Gary Richardson
Gary Richardson
The prudent peasant mitigated the risk of crop failures by scattering his arable land throughout his village, Deirdre McCloskey argued, because alternative risksharing institutions did not exist. But, alternatives did exist, this essay concludes. Medieval English peasants formed two types of farmers’ cooperatives. Fraternities protected members from the perils of everyday life. Customary poor laws redistributed resources towards villagers beset by bad luck. In both institutions, the expectation of reciprocation motivated farmers with surpluses to aid neighbors with shortages.