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Suresh Naidu and Noam Yuchtman (2013): Coercive Contract Enforcement: Law and the Labor Market in Nineteenth Century Industrial Britain

Summary:
Suresh Naidu and Noam Yuchtman (2013): Coercive Contract Enforcement: Law and the Labor Market in Nineteenth Century Industrial Britain, American Economic Review 103 (February): 107–144 Degrees of "Freedom" Is “freedom” really free? Naidu and Yuchtman The law of “master and servant” Criminal penalties for what we see as a civil breach of contract Who decides when the contract has been breached? How frequent are these prosecutions? How much informal bargaining is conducted under legal threat, implicit or explicit? How much unfreedom is generated by this set of legal institutions? How do they come to an end? key:

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Suresh Naidu and Noam Yuchtman (2013): Coercive Contract Enforcement: Law and the Labor Market in Nineteenth Century Industrial Britain, American Economic Review 103 (February): 107–144 <https://www.aeaweb.org/articles.php?doi=10.1257/aer.103.1.107>

Degrees of "Freedom"

  • Is “freedom” really free? Naidu and Yuchtman
  • The law of “master and servant”
  • Criminal penalties for what we see as a civil breach of contract
  • Who decides when the contract has been breached?
  • How frequent are these prosecutions?
  • How much informal bargaining is conducted under legal threat, implicit or explicit?
  • How much unfreedom is generated by this set of legal institutions?
  • How do they come to an end?

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key: <https://www.icloud.com/keynote/04FYmYdjLtuzE6TbIB7aJu1gA#2017-02-08_Naidu_and_Zuchtman_.IEH>

Bradford DeLong
J. Bradford DeLong is Professor of Economics at the University of California at Berkeley and a research associate at the National Bureau of Economic Research. He was Deputy Assistant US Treasury Secretary during the Clinton Administration, where he was heavily involved in budget and trade negotiations. His role in designing the bailout of Mexico during the 1994 peso crisis placed him at the forefront of Latin America’s transformation into a region of open economies, and cemented his stature as a leading voice in economic-policy debates.

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