The Rise and Decline of Nations
Economic Growth, Stagflation and Social Rigidities New edition
By (author) Mancur Olson
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Rise and Decline of Nations by Mancur Olson
Book DescriptionThe years since World War II have seen rapid shifts in the relative positions of different countries and regions. Leading political economist Mancur Olson offers a new and compelling theory to explain these shifts in fortune and then tests his theory against evidence from many periods of history and many parts of the world.
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Book DetailsISBN: 9780300030792
(77mm x 77mm x 19mm)
Imprint: Yale University Press
Publisher: Yale University Press
Publish Date: 1-Jul-1984
Country of Publication: United States
Books By Author Mancur Olson
Power and Prosperity, Paperback (October 2000)
This final work by a world-renowned economist will take its place among the classics of political economy
Not-so-dismal Science, Hardback (January 2000)
The influence of the economics-type thinking in social sciences is bringing about a theoretical integration of all the social sciences under one overarching paradigm. The chapters of the book illustrate the intellectual advances that account for this unified view of economies and societies.
No-growth Society, Hardback (June 1975)View all books by Mancur Olson
First Published in 1975. Routledge is an imprint of Taylor & Francis, an informa company.
US Kirkus Review » The title may presage an awful lot for one book, but University of Maryland economist Olson is in the business of constructing theories that explain a lot in the simplest way. His Logic of Collective Action (1971) made a big social-science splash by arguing that people can't act for the public good in large groups because the personal sacrifice appears to outweigh the collective benefit, ha this follow-up, he extends his theory to say that those groups that can form for collective action-because they are small enough, and/or are able to employ sanctions to get people to join (e.g., union picketing) - will take time to get going (because of "start-up costs"), and therefore require a stable environment. Since these groups seek to get more for themselves, they are detrimental to the efficiency of the economy as a whole. It follows that the various problems associated with the "ungovernability" of democracies stem from the proliferation of collective-action groups. The English malaise isn't hard to figure out - Britain has the longest history of stability. That doesn't mean that Olson advocates instability to foster economic growth; in fact, his prescriptions are as orthodox as the accepted microeconomic theories (i.e., theories of individual and firm behavior) that are the bedrock of his construct. Rather than revolution, he favors government action to free up trade through reductions in tariffs and protective barriers. In the course of filling out his theory with empirical evidence, Olson drags in everything from Jacksonian America to the Indian caste system. The late-19th-century Japanese leap is seen here to have resulted from the destruction of Japan's internal barriers by the demands of Britain and the Western powers for free trade. But while laissez faire worked to destroy cartelization in Japan, it did not do so in India - where the caste system, unchallenged by governmental authority, prevailed. So Olson is not an unbridled advocate of the dogmas, as he calls them, of the left or the right. His analysis of stagflation is based on the implications of the overall theory - and calls, at the moment, for shorter-term contracts at lower wage rates. Whatever its merits, the theory will have appeal. (Kirkus Reviews)
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