Continued Existence of Cows Disproves Central Tenets of Capitalism?
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We examine the returns from owning cows and buffaloes in rural India. We estimate that when valuing labor at market wages, households earn large, negative average returns from holding cows and buffaloes, at negative 64% and negative 39% respectively. This puzzle is mostly explained if we value the
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美国国家经济研究局创建时间：
2013-09-01
