Noel Maurer
Biographic Data
| ID | 719850 |
|---|---|
| NAME | Noel Maurer |
| GIVEN NAMES | Noel |
| FAMILY NAME | Maurer |
| SIGNATURE | MAURER N |
| AFFILIATIONS | Instituto Tecnológico Autónomo de México |
| ORCID | 0000-0003-4920-2888 |
| VERIFIED | Yes |
| TOTAL WORKS | 20 |
| TOTAL CITATIONS | 59 |
| AUTHOR COUNT | 20 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 1999 |
| LATEST PUBLICATION YEAR | 2024 |
| H-INDEX | 5 |
Does time heal all wounds? The rise, decline, and long-term impact of forced labor in Spanish America
Paesaniversuspaisanos: The relative failure of Spanish immigrants in Buenos Aires during the age of mass migration
Millions of immigrants chose Argentina as the land of opportunity during the era of mass migration. Two immigrant groups, Italian and Spanish, dominated the immigration flows. Despite higher literacy and a common language, Spaniards fared worse when compared to Italians in Buenos Aires. By 1895, Italians enjoyed higher wages. What explains their differential paths in the city of Buenos Aires? This study finds that the Italian community capitalize…
Multinational Oil Companies in South America in the 1920's
Borderland on the Isthmus: Race, Culture, and the Struggle for the Canal Zone
Journal Article Borderland on the Isthmus: Race, Culture, and the Struggle for the Canal Zone Get access By Michael E. Donoghue. (Durham: Duke University Press, 2014. xii, 349 pp. Cloth, $94.95. Paper, $25.95.) Journal of American History, Volume 103, Issue 1, June 2016, Page 263, https://doi.org/10.1093/jahist/jaw140 Published: 01 June 2016
The Empire Trap: The Rise and Fall of U.S. Intervention to Protect American Property Overseas, 1893-2013
Throughout the twentieth century, the U.S. government willingly deployed power, hard and soft, to protect American investments all around the globe. Why did the United States get into the business of defending its citizens' property rights abroad? This book looks at how modern U.S. involvement in the empire business began, how American foreign policy became increasingly tied to the sway of private financial interests, and how postwar administrati…
Empire Trap: The Rise and Fall of the U. S. Intervention to Protect American Property Overseas, 1893-2012
"Throughout the twentieth century, the U.S. government willingly deployed power, hard and soft, to protect American investments all around the globe. Why did the United States get into the business of defending its citizens' property rights abroad? The Empire Trap looks at how modern U.S. involvement in the empire business began, how American foreign policy became increasingly tied to the sway of private financial interests, and how postwar admin…
Banana Republicanism
This chapter illustrates how republican administrations after 1920 continued the intervention policy, even though Warren Harding openly campaigned against it in his 1920 presidential run. It shows how Harding tried and failed to extricate the United States from the interventions and receiverships in Central America, the Caribbean, and Liberia. Calvin Coolidge succeeded Harding after his death in 1923, and the Coolidge administration was equally a…
Avoiding the Trap
This chapter examines how the Democratic opponents of imperial expansion prevented the emergence of an empire trap in the Philippines and occupied Cuba. The McKinley administration annexed the Philippines for strategic reasons, but anti-imperialists used their blocking power in the Senate to restrict American investment in the islands deliberately, in order to prevent the emergence of a domestic interest group favoring the islands' retention as U…
The Empire Trap: The Rise and Fall of U.S. Intervention to Protect American Property Overseas, 1893-2013
The Empire Struck Back: Sanctions and Compensation in the Mexican Oil Expropriation of 1938
The Mexican expropriation of 1938 was the first large-scale non-Communist expropriation of foreign-owned natural resource assets. The literature makes three assertions: the United States did not fully back the companies, Mexico did not fully compensate them for the value of their assets, and the oil workers benefitted from the expropriation. This article finds that none of those assertions hold. The companies devised political strategies that man…
The Big Ditch: How America Took, Built, Ran, and Ultimately Gave Away the Panama Canal
On August 15, 1914, the Panama Canal officially opened for business, forever changing the face of global trade and military power, as well as the role of the United States on the world stage. The Canal's creation is often seen as an example of U.S. triumphalism, but Noel Maurer and Carlos Yu reveal a more complex story. Examining the Canal's influence on Panama, the United States, and the world, The Big Ditch deftly chronicles the economic and po…
What T. R. Took: The Economic Impact of the Panama Canal, 1903–1937
The Panama Canal was one of the largest public investments of its time. In the first decade of its operation, the canal produced significant social returns for the United States. Most of these returns were due to the transportation of petroleum from California to the East Coast. The United States also succeeded in leveraging the threat of military force to obtain a much better deal from the Panamanian government than it could have negotiated othe…
When the State is Untrustworthy: Public Finance and Private Banking in Porfirian Mexico
All sovereign governments face a commitment problem: how can they promise to honor their own agreements? The standard solutions involve reputation or political institutions capable of tying the government's hands. Mexico's government in the 1880s used neither solution. It compensated its creditors by enabling them to extract rents from the rest of the economy. These rents came through special privileges over banking services and the right to admi…
Related Lending and Economic Performance: Evidence from Mexico
Related lending, a widespread practice in LDCs, is widely held to encourage bankers to loot their banks at the expense of minority shareholders and depositors. We argue that neither looting nor credit misallocation are necessary outcomes of related lending. On the contrary, related lending often exists as a response to high information and contract-enforcement costs. Whether it encourages looting depends on other institutions, particularly those …
The Politics of Property Rights: Political Instability, Credible Commitments, and Economic Growth in Mexico, 1876–1929
This book, first published in 2003, addresses a puzzle in political economy: why is it that political instability does not necessarily translate into economic stagnation or collapse? In order to address this puzzle, it advances a theory about property rights systems in many less developed countries. In this theory, governments do not have to enforce property rights as a public good. Instead, they may enforce property rights selectively (as a priv…
When the Law Does Not Matter: The Rise and Decline of the Mexican Oil Industry
Changes in formal institutions do not always affect economic outcomes. When an industry has specific technological features that limit a government's ability to expropriate it, or when the industry is able to call on foreign governments to enforce its de facto property rights, economic agents can easily mitigate changes in formal institutions designed to reduce these property rights. We explore the Mexican oil industry from 1911 to 1929 and demon…
Enforcing Property Rights Through Reputation: Mexico's Early Industrialization, 1878–1913
Mexico's initial industrialization was based on firms that were “grouped”: that is, linked to other firms through close affiliations with a common bank. Most explanations for the prevalence of groups are based on increasing returns or missing formal capital markets. We propose a simpler explanation that better fits the facts of Mexican history. In the absence of secure property rights, tangible collateral could not credibly be offered to creditor…
Numbers from Nowhere: The American Indian Contact Population Debate
The size of the population of the Americas before European contact was once a topic of intense debate. For the past decade or so, however, it has been regarded as settled, and estimates on the order of 50 to one 100 million people have been accepted as proven. David Henige’s book questions if this should be the case. In fact, the book not only takes issue with current estimates but attempts to argue that the contact population is, in fact, unknow…
Progress without order: Mexican economic history in the 1990s
Este artículo revisa el desarollo más reciente en el campo de la historia económica mexicana. Argumenta que en los últimos diez años ha ocurrido un cambio significativo en la metodología, se ha pasado de la teoría de la dependencia y el analisis institucional tradicional, hacia el uso extensivo de técnicas cliométricas e hipótesis tomadas de la Nueva Economía Institucional. Este cambio ha aumentado nuestro conocimiento de diversas claves de la hi…
Banks and Entrepreneurs in Porfirian Mexico: Inside Exploitation or Sound Business Strategy
Banks in Porfirian Mexico widely engaged in the practice of making long-term loans to their own directors, a practice known as 'auto-prestamo'. This was neither pernicious nor fraudulent. Rather, Porfirian banks behaved as the financial arms of extended kinship and personal business groups. These groups used banks to raise impersonal capital for their diversified enterprises and give their partnerships a more permanent institutional base. Investo…
The Empire Struck Back: Sanctions and Compensation in the Mexican Oil Expropriation of 1938
The Mexican expropriation of 1938 was the first large-scale non-Communist expropriation of foreign-owned natural resource assets. The literature makes three assertions: the United States did not fully back the companies, Mexico did not fully compensate them for the value of their assets, and the oil workers benefitted from the expropriation. This article finds that none of those assertions hold. The companies devised political strategies that man…
When the Law Does Not Matter: The Rise and Decline of the Mexican Oil Industry
Changes in formal institutions do not always affect economic outcomes. When an industry has specific technological features that limit a government's ability to expropriate it, or when the industry is able to call on foreign governments to enforce its de facto property rights, economic agents can easily mitigate changes in formal institutions designed to reduce these property rights. We explore the Mexican oil industry from 1911 to 1929 and demon…
Enforcing Property Rights Through Reputation: Mexico's Early Industrialization, 1878–1913
Mexico's initial industrialization was based on firms that were “grouped”: that is, linked to other firms through close affiliations with a common bank. Most explanations for the prevalence of groups are based on increasing returns or missing formal capital markets. We propose a simpler explanation that better fits the facts of Mexican history. In the absence of secure property rights, tangible collateral could not credibly be offered to creditor…
The Empire Trap: The Rise and Fall of U.S. Intervention to Protect American Property Overseas, 1893-2013
Related Lending and Economic Performance: Evidence from Mexico
Related lending, a widespread practice in LDCs, is widely held to encourage bankers to loot their banks at the expense of minority shareholders and depositors. We argue that neither looting nor credit misallocation are necessary outcomes of related lending. On the contrary, related lending often exists as a response to high information and contract-enforcement costs. Whether it encourages looting depends on other institutions, particularly those …
Banks and Entrepreneurs in Porfirian Mexico: Inside Exploitation or Sound Business Strategy
Banks in Porfirian Mexico widely engaged in the practice of making long-term loans to their own directors, a practice known as 'auto-prestamo'. This was neither pernicious nor fraudulent. Rather, Porfirian banks behaved as the financial arms of extended kinship and personal business groups. These groups used banks to raise impersonal capital for their diversified enterprises and give their partnerships a more permanent institutional base. Investo…
When the State is Untrustworthy: Public Finance and Private Banking in Porfirian Mexico
All sovereign governments face a commitment problem: how can they promise to honor their own agreements? The standard solutions involve reputation or political institutions capable of tying the government's hands. Mexico's government in the 1880s used neither solution. It compensated its creditors by enabling them to extract rents from the rest of the economy. These rents came through special privileges over banking services and the right to admi…
Does time heal all wounds? The rise, decline, and long-term impact of forced labor in Spanish America
Paesaniversuspaisanos: The relative failure of Spanish immigrants in Buenos Aires during the age of mass migration
Millions of immigrants chose Argentina as the land of opportunity during the era of mass migration. Two immigrant groups, Italian and Spanish, dominated the immigration flows. Despite higher literacy and a common language, Spaniards fared worse when compared to Italians in Buenos Aires. By 1895, Italians enjoyed higher wages. What explains their differential paths in the city of Buenos Aires? This study finds that the Italian community capitalize…
Borderland on the Isthmus: Race, Culture, and the Struggle for the Canal Zone
Journal Article Borderland on the Isthmus: Race, Culture, and the Struggle for the Canal Zone Get access By Michael E. Donoghue. (Durham: Duke University Press, 2014. xii, 349 pp. Cloth, $94.95. Paper, $25.95.) Journal of American History, Volume 103, Issue 1, June 2016, Page 263, https://doi.org/10.1093/jahist/jaw140 Published: 01 June 2016
What T. R. Took: The Economic Impact of the Panama Canal, 1903–1937
The Panama Canal was one of the largest public investments of its time. In the first decade of its operation, the canal produced significant social returns for the United States. Most of these returns were due to the transportation of petroleum from California to the East Coast. The United States also succeeded in leveraging the threat of military force to obtain a much better deal from the Panamanian government than it could have negotiated othe…
Numbers from Nowhere: The American Indian Contact Population Debate
The size of the population of the Americas before European contact was once a topic of intense debate. For the past decade or so, however, it has been regarded as settled, and estimates on the order of 50 to one 100 million people have been accepted as proven. David Henige’s book questions if this should be the case. In fact, the book not only takes issue with current estimates but attempts to argue that the contact population is, in fact, unknow…
Progress without order: Mexican economic history in the 1990s
Este artículo revisa el desarollo más reciente en el campo de la historia económica mexicana. Argumenta que en los últimos diez años ha ocurrido un cambio significativo en la metodología, se ha pasado de la teoría de la dependencia y el analisis institucional tradicional, hacia el uso extensivo de técnicas cliométricas e hipótesis tomadas de la Nueva Economía Institucional. Este cambio ha aumentado nuestro conocimiento de diversas claves de la hi…
Banks and Entrepreneurs in Porfirian Mexico: Inside Exploitation or Sound Business Strategy
Banks in Porfirian Mexico widely engaged in the practice of making long-term loans to their own directors, a practice known as 'auto-prestamo'. This was neither pernicious nor fraudulent. Rather, Porfirian banks behaved as the financial arms of extended kinship and personal business groups. These groups used banks to raise impersonal capital for their diversified enterprises and give their partnerships a more permanent institutional base. Investo…
Numbers from Nowhere: The American Indian Contact Population Debate
The size of the population of the Americas before European contact was once a topic of intense debate. For the past decade or so, however, it has been regarded as settled, and estimates on the order of 50 to one 100 million people have been accepted as proven. David Henige’s book questions if this should be the case. In fact, the book not only takes issue with current estimates but attempts to argue that the contact population is, in fact, unknow…
Enforcing Property Rights Through Reputation: Mexico's Early Industrialization, 1878–1913
Mexico's initial industrialization was based on firms that were “grouped”: that is, linked to other firms through close affiliations with a common bank. Most explanations for the prevalence of groups are based on increasing returns or missing formal capital markets. We propose a simpler explanation that better fits the facts of Mexican history. In the absence of secure property rights, tangible collateral could not credibly be offered to creditor…
The Politics of Property Rights: Political Instability, Credible Commitments, and Economic Growth in Mexico, 1876–1929
This book, first published in 2003, addresses a puzzle in political economy: why is it that political instability does not necessarily translate into economic stagnation or collapse? In order to address this puzzle, it advances a theory about property rights systems in many less developed countries. In this theory, governments do not have to enforce property rights as a public good. Instead, they may enforce property rights selectively (as a priv…
When the Law Does Not Matter: The Rise and Decline of the Mexican Oil Industry
Changes in formal institutions do not always affect economic outcomes. When an industry has specific technological features that limit a government's ability to expropriate it, or when the industry is able to call on foreign governments to enforce its de facto property rights, economic agents can easily mitigate changes in formal institutions designed to reduce these property rights. We explore the Mexican oil industry from 1911 to 1929 and demon…
When the State is Untrustworthy: Public Finance and Private Banking in Porfirian Mexico
All sovereign governments face a commitment problem: how can they promise to honor their own agreements? The standard solutions involve reputation or political institutions capable of tying the government's hands. Mexico's government in the 1880s used neither solution. It compensated its creditors by enabling them to extract rents from the rest of the economy. These rents came through special privileges over banking services and the right to admi…
Related Lending and Economic Performance: Evidence from Mexico
Related lending, a widespread practice in LDCs, is widely held to encourage bankers to loot their banks at the expense of minority shareholders and depositors. We argue that neither looting nor credit misallocation are necessary outcomes of related lending. On the contrary, related lending often exists as a response to high information and contract-enforcement costs. Whether it encourages looting depends on other institutions, particularly those …
What T. R. Took: The Economic Impact of the Panama Canal, 1903–1937
The Panama Canal was one of the largest public investments of its time. In the first decade of its operation, the canal produced significant social returns for the United States. Most of these returns were due to the transportation of petroleum from California to the East Coast. The United States also succeeded in leveraging the threat of military force to obtain a much better deal from the Panamanian government than it could have negotiated othe…
The Big Ditch: How America Took, Built, Ran, and Ultimately Gave Away the Panama Canal
On August 15, 1914, the Panama Canal officially opened for business, forever changing the face of global trade and military power, as well as the role of the United States on the world stage. The Canal's creation is often seen as an example of U.S. triumphalism, but Noel Maurer and Carlos Yu reveal a more complex story. Examining the Canal's influence on Panama, the United States, and the world, The Big Ditch deftly chronicles the economic and po…
The Empire Struck Back: Sanctions and Compensation in the Mexican Oil Expropriation of 1938
The Mexican expropriation of 1938 was the first large-scale non-Communist expropriation of foreign-owned natural resource assets. The literature makes three assertions: the United States did not fully back the companies, Mexico did not fully compensate them for the value of their assets, and the oil workers benefitted from the expropriation. This article finds that none of those assertions hold. The companies devised political strategies that man…
The Empire Trap: The Rise and Fall of U.S. Intervention to Protect American Property Overseas, 1893-2013
Throughout the twentieth century, the U.S. government willingly deployed power, hard and soft, to protect American investments all around the globe. Why did the United States get into the business of defending its citizens' property rights abroad? This book looks at how modern U.S. involvement in the empire business began, how American foreign policy became increasingly tied to the sway of private financial interests, and how postwar administrati…
Empire Trap: The Rise and Fall of the U. S. Intervention to Protect American Property Overseas, 1893-2012
"Throughout the twentieth century, the U.S. government willingly deployed power, hard and soft, to protect American investments all around the globe. Why did the United States get into the business of defending its citizens' property rights abroad? The Empire Trap looks at how modern U.S. involvement in the empire business began, how American foreign policy became increasingly tied to the sway of private financial interests, and how postwar admin…
Banana Republicanism
This chapter illustrates how republican administrations after 1920 continued the intervention policy, even though Warren Harding openly campaigned against it in his 1920 presidential run. It shows how Harding tried and failed to extricate the United States from the interventions and receiverships in Central America, the Caribbean, and Liberia. Calvin Coolidge succeeded Harding after his death in 1923, and the Coolidge administration was equally a…
Avoiding the Trap
This chapter examines how the Democratic opponents of imperial expansion prevented the emergence of an empire trap in the Philippines and occupied Cuba. The McKinley administration annexed the Philippines for strategic reasons, but anti-imperialists used their blocking power in the Senate to restrict American investment in the islands deliberately, in order to prevent the emergence of a domestic interest group favoring the islands' retention as U…
The Empire Trap: The Rise and Fall of U.S. Intervention to Protect American Property Overseas, 1893-2013
Borderland on the Isthmus: Race, Culture, and the Struggle for the Canal Zone
Journal Article Borderland on the Isthmus: Race, Culture, and the Struggle for the Canal Zone Get access By Michael E. Donoghue. (Durham: Duke University Press, 2014. xii, 349 pp. Cloth, $94.95. Paper, $25.95.) Journal of American History, Volume 103, Issue 1, June 2016, Page 263, https://doi.org/10.1093/jahist/jaw140 Published: 01 June 2016
Multinational Oil Companies in South America in the 1920's
Paesaniversuspaisanos: The relative failure of Spanish immigrants in Buenos Aires during the age of mass migration
Millions of immigrants chose Argentina as the land of opportunity during the era of mass migration. Two immigrant groups, Italian and Spanish, dominated the immigration flows. Despite higher literacy and a common language, Spaniards fared worse when compared to Italians in Buenos Aires. By 1895, Italians enjoyed higher wages. What explains their differential paths in the city of Buenos Aires? This study finds that the Italian community capitalize…
Does time heal all wounds? The rise, decline, and long-term impact of forced labor in Spanish America
Political science (16 works) · Economics (15 works) · Law (12 works) · Business (9 works) · Geography (7 works) · Politics (6 works) · Finance (5 works) · Finance (5 works) · Market economy (5 works) · Culture, Economy, and Development Studies (4 works)