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Author: Andre Shleifer
Publisher:
Publish Date: 2004-08-01
Features: This book covers a very broad range of topics, including the development of European cities before the Industrial Revolution, the corruption in Russia after the dissolution of the Soviet Union, privatization in Eastern Europe, the outsourcing of public services by local governments in the United States, and more. The author strives to analyze these subjects using the fewest technical tools possible. From any standard, the chapters in this book are commendable for their smooth and elegant writing, as well as their concise and clear content. In many countries, the public sector imposes a heavy burden on economic life: heavy taxes hinder investment, various regulatory measures foster bureaucratic corruption, state-owned enterprises recklessly squander national wealth, highly talented individuals are not devoted to productive activities but instead scramble to enter rent-seeking sectors, entrepreneurship is stifled, and economic growth stagnates. This book uses simple economic theoretical models as analytical tools, employing rich historical and real-world cases to delve into the mechanisms of the public sector and its heavy burden on economic life. For those studying rent-seeking, corruption, and government governance, this is a rare gem. The book "The Grabbing Hand" also covers a very broad range of topics, including the development of European cities before the Industrial Revolution, the corruption in Russia after the dissolution of the Soviet Union, privatization in Eastern Europe, the outsourcing of public services by local governments in the United States, and more. The author strives to use the fewest technical tools possible to analyze these content. From any standard, the chapters in this book are commendable for their smooth and elegant writing, as well as their clear content.