The Cross of Gold: Brazilian Treasure and the Decline of Portugal (due to the resource curse)

18 Jul 2025 Leave a comment

by Jim Rose in applied price theory, comparative institutional analysis, constitutional political economy, development economics, economic growth, economic history, growth disasters, international economics, law and economics, macroeconomics, property rights, Public Choice, rentseeking, resource economics Tags: ,

By Davis Kedrosky and Nuno Palma. Published in The Journal of Economic History.In the book The Economics of Macro Issues which I used as a supplemental text, they mention that Russia has many resources but its per capita income is less than that of Luxembourg which has few resources. The book suggests that the economic…

The Cross of Gold: Brazilian Treasure and the Decline of Portugal (due to the resource curse)

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