Power And Prosperity by Mancur Olson
Outgrowing Communist And Capitalist Dictatorships

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Synopsis

Why do some economies do better than others? How does society encourage the kind of market economy that generates continually increasing incomes? How do particular styles of government affect economic performance? World-renowned economist Mancur Olson tackles these questions and others in what will surely be regarded as his magnum opus.Olson contends that governments can play an essential role in the development of markets. Reliable enforcement of private contracts and protection of individual rights to property depend on governments strong enough to guarantee these rights yet constrained enough not to undermine them. His exploration of “market-augmenting governments” will stand as a cutting-edge work on economic growth and provide a useful framework in which to consider the Asian financial crisis and its aftermath. As Susan Lee noted in Forbes, “his pioneering insights might have won a Nobel Prize for Olson had he lived a bit longer.”
 

About Mancur Olson

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Mancur Olson (1932-1998) was the Chair and Principal Investigator of the Center on Institutional Reform and the Informal Sector (IRIS) and Distinguished Professor of Economics at the University of Maryland. His books The Logic of Collective Action and The Rise and Decline of Nations have been translated into nine languages.
 
Published November 20, 2000 by Basic Books. 272 pages
Genres: Business & Economics, Political & Social Sciences. Non-fiction

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