Ideas tagged with institutions

"I am the law!" - The empirical link between lawyer-lawmakers and legal cost/burden

For better or worse, a large part of the politicians sitting in national/regional parliaments or similar positions of power are trained law professionals. As lawmakers, they have the unique opportunity to influence the amount of available work for their own profession (particularly if they don't...

By Matthias Roesti

Index of the Value of Labor over Capital (LoCI)

I present a simple index to gauge the relative valuation of labor over capital in a country (LoCI). This index should correlate positively with the wealth and HDI of the country, and negatively with the precariousness of life of basic service providers at the bottom of the pyramid in that countr...

By Michael Araki