Knowingo
The Grabbing Hand
Why do governments so often damage growth, and what changes when politicians lose control of economic life?
At a glance
- Author
- Andrei Shleifer, Robert W. Vishny
Why read it
- You will see why absolutist rulers were linked to slower city growth in the centuries before industrialization
- You will understand how an official who can restrict a government good, such as a passport, gains power over buyers
- You will weigh the claim that bribery bargains with politicians are fragile because courts will not enforce them
Who it is for
- A development economist studying why reforms stall in poor countries
- A policy adviser designing the privatization of state firms
- A reader trying to explain corruption in a transition economy
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