Search

Skip to main content Accessibility help

Home
Search

Only show content I have access to (0)

Chapters (1)

Over 3 years (1)

From year:

To year:

Apply

Economics (1)

preferences for private ownership

Cambridge University Press (1)

View selected items
Save to my bookmarks
Export citations
Download PDF (zip)
Save to Kindle
Save to Dropbox
Save to Google Drive
Save content to
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 .

To save content items to your Kindle, first ensure [email protected] is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Please be advised that item(s) you selected are not available.
You are about to save
Your Kindle email address

Please provide your Kindle email.

@free.kindle.com @kindle.com (service fees apply)

By using this service, you agree that you will only keep content for personal use, and will not openly distribute them via Dropbox, Google Drive or other file sharing services

1 results

8 - Ownership Preferences
from Part IIB - The Transition of the Economic System
Martin Paldam, Aarhus Universitet, Denmark
Book:

The Grand Pattern of Development and the Transition of Institutions

Published online:

07 August 2021

Print publication:

19 August 2021, pp 125-144
- Chapter
- - Get access
    
    Check if you have access via personal or institutional login
    
    Log in Register
- Export citation
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.