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2 results

  • 7 - The Price of Security

  • Beatrice de Graaf, Universiteit Utrecht, The Netherlands
  • Book:
    Fighting Terror after Napoleon
    Published online:
    12 September 2020
    Print publication:
    01 October 2020, pp 302-356

  • Summary

    Despite being humiliating to France, the financial obligations imposed by the Allied Council led to political reforms in that country and an intertwining of financial interests across Europe. The property rights of smaller countries and individuals were respected as much as the demands of the four great powers were. Bankers benefited from the loans, and wealthy European citizens who bought these so-called rentes helped finance France’s security. French and European security rested on the capitalist foundation of financial ‘securities’, securing the new peace order through the payment of reparations. This led to a transformation towards a new system of financial and capitalist power alignments in Europe, exemplified by the formula: ‘indemnity for the past and security for the future’.

  • Exports and Wages: Discriminating between the Sources of Rents*

  • Lionel Fontagné, Daniel Mirza
  • Journal:
    Recherches Économiques de Louvain/ Louvain Economic Review / Volume 75 / Issue 1 / March 2009
    Published online by Cambridge University Press:
    17 August 2016, pp. 35-61
    Print publication:
    March 2009

  • When do exports lead to rents? And when are they shared with employees? This paper proposes a double empirical test that deals with this question, based on a mix of rent sharing theories and Cournot Oligopoly. We find that most of the OECD exporting activities are associated with some rents that are shared with employees. However, we also show that the destination of sales matter, as rents seem to originate mostly from exporting to other OECD economies or, to a lesser extent, selling to own markets. Exports to developing countries' however, seem to be associated with positive rents only in a small minority of industries.