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    • Why are Market Economies Politically Stable? A Theory of Capitalist Cohesion 

      Dalgaard, Carl-Johan; Olsson, Ola (Faculty of Economics, University of Cambridge, UK, 2007-12)
      The present paper documents that political stability is positively associated with the extent of domestic trade. In explaining this regularity, we provide a model where political cohesion is linked to the emergence of a ...