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. Num Pages: 288 pages, 11 line illustrations, 29 tables. BIC Classification: JPA; KFFD; KJVN. Category: (P) Professional & Vocational; (UP) Postgraduate, Research & Scholarly; (UU) Undergraduate. Dimension: 227 x 144 x 17. Weight in Grams: 358. . 2002. Paperback. . . . . Books ship from the US and Ireland.

Bestandsnummer des Verk�ufers V9780674010147

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Bibliografische Details

Titel: The Grabbing Hand
Verlag: Harvard University Press
Erscheinungsjahr: 2002
Sprache: Englisch
ISBN-10: 0674010140
ISBN-13: 9780674010147
Einband: Softcover
Zustand: New

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Inhaltsangabe

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.

�ber die Autorinnen und Autoren

Andrei Shleifer is Professor of Economics at Harvard University.

Robert Vishny is Professor in the Graduate School of Business at the University of Chicago.

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