This economist wrote an article comparing the poverty caused by poorly chosen institutions and policies to "big bills left on the sidewalk."
This economist wrote an article comparing the poverty caused by poorly chosen institutions and policies to "big bills left on the sidewalk." He argued that autocratic governments tend to have higher taxes than democracies in his 1993 paper "Dictatorship, democracy, and development," which begins by explaining his distinction between roving and stationary bandits. This economist blamed "distributional coalitions" for causing "institutional sclerosis" and suppressing economic growth in peaceful democracies in his book The Rise and Decline of Nations. In a book first published in 1965, he showed that public policy is subject to the free rider problem because self-interested individuals need incentives or sanctions to act in order to achieve common interests. For 10 points, name this American economist, the author of The Logic of Collective Action.
This economist wrote an article comparing the poverty caused by poorly chosen institutions and policies to "big bills left on the sidewalk."
Mancur Olson