The Grabbing Hand: Government Pathologies and Their Cures (BOK)

Andrei Shleifer, Robert W. Vishny

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In many countries, public sector institutions impose heavy burdens on economic life: heavy and arbitrary taxes retard investment; regulations enrich corrupt bureaucrats; state firms consume national wealth; and the most talented people turn to rent-seeking rather than productive activities. As a consequence of such predatory policies, entrepreneurship lingers and economies stagnate. Andrei Shleifer and Robert Vishny describe the many pathologies of grabbing hand government, and examine their consequences for growth. The essays share a common viewpoint - that political control of economic life is central to the many government failures that have been observed. Fortunately, a correct diagnosis suggests the cures, including the best strategies of fighting corruption, privatization of state firms, and institutional building in the former socialist economies. Depoliticization of economic life emerges as the crucial theme of the appropriate reforms. The text describes the experiences with the grabbing hand government and its reform in medieval Europe, developing countries, and transition economies, as well as 1990s USA.


Språk Engelsk Engelsk Innbinding Heftet
Utgitt 2002 Forfatter Andrei Shleifer, Robert W. Vishny
ISBN 9780674010147
Antall sider 288 Dimensjoner 14,4cm x 22,7cm x 1,7cm
Vekt 358 gram Leverandør Bertram Trading Ltd
Emner og form Political science & theory, Public finance, Public ownership / nationalization