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The Grabbing Hand : Government Pathologies and Their Cures - Andrei Shleifer

The Grabbing Hand

Government Pathologies and Their Cures

Paperback Published: 30th September 2002
ISBN: 9780674010147
Number Of Pages: 288

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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--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.

Industry Reviews

[The Grabbing Hand's] range of materials is impressive: the chapters deal with the growth of European cities before the industrial revolution, corruption in post-Soviet Russia, privatisation in Eastern Europe, local government in the United States, and more. The authors keep technical apparatus to a minimum. By any standard, let alone the debased standard of most modern economics, the essays are lucid and literate. The Economist

Acknowledgments
Perspectives on Governmentp. 1
Princes and Merchants: European City Growth before the Industrial Revolutionp. 19
The Allocation of Talent: Implications for Growthp. 53
Why Is Rent Seeking So Costly to Growth?p. 81
Corruptionp. 91
Pervasive Shortages under Socialismp. 109
The Politics of Market Socialismp. 123
A Theory of Privatizationp. 137
Politicians and Firmsp. 151
Privatization in the United Statesp. 183
Government in Transitionp. 227
Notesp. 254
Referencesp. 263
Indexp. 275
Table of Contents provided by Blackwell. All Rights Reserved.

ISBN: 9780674010147
ISBN-10: 0674010140
Audience: Professional
Format: Paperback
Language: English
Number Of Pages: 288
Published: 30th September 2002
Publisher: Harvard University Press
Country of Publication: US
Dimensions (cm): 22.23 x 14.61  x 1.91
Weight (kg): 0.35

Earn 149 Qantas Points
on this Book