Notes: Center discussion papers are preliminary materials circulated to stimulate discussion and critical comments. This paper can be downloaded without charge from the Social Science Research Network Electronic Paper Collection: http://ssrn.com/abstract=2321168. Continued Existence of Cows Disproves Central Tenets of Capitalism? "In theory, the market should have done away with Edible Arrangements long ago," said American Economic Association president Orley Ashenfelter, who added that one of the crucial assumptions of capitalism is the idea that businesses producing undesired goods or services will fail. "That's how it's supposed to work".
A key element of Rotating Saving and Credit Associations (ROSCAs) is the trust which members must place in each other, and which replaces formal financial contracts in places where financial transactions costs are high. However, there is very little evidence on the relationship between trust and ROSCA membership. We address this issue using new experimental data from rural Cameroon. We find large and statistically significant differences between trust among ROSCA members and trust among other people. However, the demographic characteristics associated with ROSCA membership are rather different from the ones that explain variations in the level of experimental trust.
The outbreak of the Ebola virus disease in West Africa in 2014 constituted one of the gravest global health emergencies of recent years. 1 The Ebola outbreak originated in rural Guinea in December 2013, and then spread across the country and to the neighboring countries of Liberia and Sierra Leone. The pandemic continued for two years and the World Health Organization (WHO
Notes: Center discussion papers are preliminary materials circulated to stimulate discussion and critical comments. This paper can be downloaded without charge from the Social Science Research Network Electronic Paper Collection: http://ssrn.com/abstract=2321168. Continued Existence of Cows Disproves Central Tenets of Capitalism? "In theory, the market should have done away with Edible Arrangements long ago," said American Economic Association president Orley Ashenfelter, who added that one of the crucial assumptions of capitalism is the idea that businesses producing undesired goods or services will fail. "That's how it's supposed to work".
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