The Rise And Decline Of Nations by Mancur Olson
Economic Growth, Stagflation, and Social Rigidities
It argues that stable societies gradually accumulate narrow special-interest groups that seek protective regulations and redistributions, which create rigidity, misallocation, and slower growth; conversely, large shocks can disrupt these coalitions and open space for renewal, helping explain divergent national performances. Extending the logic of collective action to the macroeconomy, it examines how institutional sclerosis develops, why encompassing organizations sometimes foster public goods, and how bargaining costs, rent-seeking, and policy frameworks shape long-run prosperity.
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- Published
- 1982
- Nationality
- American
- Length
- Medium
- Pages
- 270-320
- Original Language
- English
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