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8 - Ownership Preferences

The B-Index

from Part IIB - The Transition of the Economic System

Published online by Cambridge University Press:  07 August 2021

Martin Paldam
Affiliation:
Aarhus Universitet, Denmark
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Summary

The two indices used in Chapters 8 and 9 cover many countries but a short period, and the period of Imperialism destroyed most traditional economic systems, so the chapter begins with a brief historical narrative including the two big waves of liberal and Socialist ideologies. An item in the World Values Survey polls the ownership preferences of the respondents. The B-index is a Gini-like aggregation of each poll of this item giving the excess preference in each of 295 polls for capitalism vs Socialism. The pattern of the polls has a significant transition curve, though the fuzziness is larger than for the political system. It appear that the preference for capitalism increases with income, contrary to Marx’s prediction. Causality is mainly from income to the index, but the relation has some simultaneity.

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Publisher: Cambridge University Press
Print publication year: 2021

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  • Ownership Preferences
  • Martin Paldam, Aarhus Universitet, Denmark
  • Book: The Grand Pattern of Development and the Transition of Institutions
  • Online publication: 07 August 2021
  • Chapter DOI: https://doi.org/10.1017/9781009025898.013
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  • Ownership Preferences
  • Martin Paldam, Aarhus Universitet, Denmark
  • Book: The Grand Pattern of Development and the Transition of Institutions
  • Online publication: 07 August 2021
  • Chapter DOI: https://doi.org/10.1017/9781009025898.013
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Ownership Preferences
  • Martin Paldam, Aarhus Universitet, Denmark
  • Book: The Grand Pattern of Development and the Transition of Institutions
  • Online publication: 07 August 2021
  • Chapter DOI: https://doi.org/10.1017/9781009025898.013
Available formats
×