The Grabbing Hand

The Grabbing Hand Government Pathologies and Their Cures

Hardback (01 Feb 1999)

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Publisher's Synopsis

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.

Book information

ISBN: 9780674358874
Publisher: Harvard University Press
Imprint: Harvard University Press
Pub date:
DEWEY: 338.9
DEWEY edition: 21
Language: English
Number of pages: 282
Weight: 530g
Height: 240mm
Width: 165mm
Spine width: 22mm