História Econômica, de verdade

Se tem um cara que eu admiro um bocado, este alguém é o Peter Temin. Veja só este artigo, com Joachim Fest:

Interest Rate Restrictions in a Natural Experiment: Loan Allocation and the Change in the Usury Laws in 1714

This paper studies the effects of interest rate restrictions on loan allocation. In 1714, the British government tightened the usury laws, reducing the maximum permissible interest rate from 6 to 5 percent. A sample of individual loan transactions from a goldsmith bank allows us to examine how interest rate restrictions affected loan allocation. Average loan size and minimum loan size increased strongly. Access to credit for those of noble origin improved, while it worsened for those with less “social capital”. Collateralized credits, which had accounted for a declining share of total lending, returned to their former role of prominence. While we have no direct evidence that loans were misallocated, the discontinuity in loan receipts makes this likely. Our results suggest that the usury laws distorted credit markets significantly. We find no evidence that they offered a form of Pareto-improving social insurance.

É incrível, não? Ele sempre acha dados onde eu nunca acho que ele vai achar…

Eis a referência para você obter o artigo.


Continue lendo “História Econômica, de verdade”



Através do Publius Pundit, descobri isto:

Could getting rid of traffic laws make people better drivers and ultimately safer? Not too long ago I would have written off the idea as absurd. But when I read this post over at Cato that talks about how 7 European cities are doing away with traffic signs, I thought they just might be onto something.

The change of heart comes after spending some time in Vietnam. Half the fun of being in HCMC came from standing on a street corner and marveling at how well the traffic flows despite the complete lack of rules.

A citação acima foi feita sem importar os links originalmente “postados”. Bom, eis aqui a matéria da Der Spiegel sobre o experimento das cidades européias. Para os amigos federalistas: seria possível um experimento destes no regime federalista brasileiro? Ou não?


Continue lendo “Trânsito…trânsito”