The grabbing hand : government pathologies and their cures

著者

書誌事項

The grabbing hand : government pathologies and their cures

Andrei Shleifer, Robert W. Vishny

Harvard University Press, c1998

  • : pbk

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注記

Includes bibliographical references (p. 263-274) and index

内容説明・目次

巻冊次

: pbk ISBN 9780674010147

内容説明

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--described in this book as the grabbing hand of the state--entrepreneurship lingers and economies stagnate. The authors of this collection of essays describe many of these pathologies of a 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 we observe. 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 book describes the experiences with the grabbing hand government and its reform in medieval Europe, developing countries, transition economies, as well as today's United States.

目次

  • Perspectives and government
  • princes and merchants - European city growth before the industrial revolution
  • the allocation of talent - implications for growth
  • why is rent-seeking so costly to growth
  • corruption
  • pervasive shortages under socialism
  • the politics of market socialism
  • a theory of privatization
  • politicians and firms
  • privatization in the United States
  • government in transition.
巻冊次

ISBN 9780674358874

内容説明

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.

目次

  • Perspectives and government
  • princes and merchants - European city growth before the industrial revolution
  • the allocation of talent - implications for growth
  • why is rent-seeking so costly to growth
  • corruption
  • pervasive shortages under socialism
  • the politics of market socialism
  • a theory of privatization
  • politicians and firms
  • privatization in the United States
  • government in transition.

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