Soft power and coloured revolutions

Cultural Confrontation and Soft Power in

Due to its cultural capacities, Islamic revolution of Iran has challenged US interests in Islamic world especially the sensitive area of middle-east through the application of cultural power and soft power earlier than US. Islamic awakening, political and revolutionary Islam which has spread all over Arab Countries in middle-east and north Africa is an outcome of methods, tools and soft power a...

Technological Revolutions

In skill-biased (de-skilling) technological revolutions learning investments required by new machines are greater (smaller) than those required by preexisting machines. Skill-biased (de-skilling) revolutions trigger reallocations of capital from slow(fast-) to fast(slow-) learning workers, thereby reducing the relative and absolute wages of the former. The model of skill-biased (de-skilling) re...

Autocracy and Revolutions

Existing models of political transitions tend to treat either civil society or the incumbent as a unitary actor. Although useful in specific settings, both these assumptions are unrealistic in most cases and miss important dynamics, especially in cases of revolution. We develop a model of transitions in which two collective action games are nested within a larger political transformation game. ...

Technological Revolutions and Stock Prices

During technological revolutions, stock prices of innovative firms tend to exhibit high volatility and bubble-like patterns, which are often attributed to investor irrationality. We develop a general equilibrium model that rationalizes the observed price patterns. The high volatility results from high uncertainty about the average productivity of a new technology. Investors learn about this pro...

Philosophical Revolutions