4 Works

China's Ancient Principles of Price Regulation through Market Participation: The Guanzi from a Comparative Perspective

Isabella Weber
The History of Economic Thought as a field has long taken it as a premise that so far as ancient economic thought is concerned, only the Greeks and Romans are worth studying. This paper introduces the Guanzi as a core text in ancient Chinese economic thought on price stabilization from a comparative perspective with ancient Greek contributions. The Guanzi presents a framework for the empirical analysis of market fluctuations and price movements and derives principles...

Women's Workforce Participation and Spousal Violence: Insights from India

Arpita Biswas & Anjani Thampi
Intimate partner violence is a serious form of unfreedom inflicted on women across the world. How does the incidence of such violence vary with women’s workforce participation – a factor that is supposed to enhance their economic well-being? Our study examines this relationship using a nationally representative dataset from India. Given vast heterogeneity among Indian women, we investigate how this link varies by their class and socio-religious identities. Treating women’s employment as endogenous, we find...

The state-constituted market economy: A conceptual framework for China's state-market relations

Isabella Weber & Hao Qi
China has created a distinct economic system. Yet despite a growing literature with valuable contributions on the institutional arrangements under ‘capitalism with Chinese characteristics’, the precise economic mechanisms underpinning China’s state–market relations remain undertheorised. In this paper we develop a conceptual framework of what we call China’s state-constituted market economy. We define essential as ‘systemically significant from the perspective of the state’. We argue that the Chinese state ‘constitutes’ the market economy by creating, participating...

World Profit Rates, 1960-2019

Deepankur Basu, Julio Huato, Jesus Lara Jauregui & Evan Wasner
In this paper we present estimates of the world profit rate using country-level data from the Extended Penn World Table 7.0 and industry-level data from the World Input Output Database. The country-aggregated world profit rate series spans the period from 1960 to 2019, and the industry-aggregated world profit rate series runs from 2000 to 2014. The country-aggregated world profit rate series displays a strong negative linear trend for the period 1960-1980 and a weaker negative...

Registration Year

  • 2022
  • 2021

Resource Types

  • Preprint


  • University of Massachusetts Amherst
  • St. Francis College
  • O. P. Jindal Global University
  • Renmin University of China