Cover: The Grabbing Hand: Government Pathologies and Their Cures, from Harvard University PressCover: The Grabbing Hand in PAPERBACK

The Grabbing Hand

Government Pathologies and Their Cures

Add to Cart

Product Details

PAPERBACK

$36.00 • £28.95 • €32.50

ISBN 9780674010147

Publication Date: 09/30/2002

Short

288 pages

5-11/16 x 8-15/16 inches

11 line illustrations, 29 tables

World

In many countries, public sector institutions impose heavy burdens on economic life: heavy and arbitrary taxes retard investment, regulations enrich corrupt bureaucrats, state firms consume national wealth, and the most talented people turn to rent-seeking rather than productive activities. As a consequence of such predatory policies—described in this book as the grabbing hand of the state—entrepreneurship lingers and economies stagnate.

The authors of this collection of essays describe many of these pathologies of a grabbing hand government, and examine their consequences for growth. The essays share a common viewpoint that political control of economic life is central to the many government failures that we observe. Fortunately, a correct diagnosis suggests the cures, including the best strategies of fighting corruption, privatization of state firms, and institutional building in the former socialist economies. Depoliticization of economic life emerges as the crucial theme of the appropriate reforms. The book describes the experiences with the grabbing hand government and its reform in medieval Europe, developing countries, transition economies, as well as today’s United States.

Recent News

Black lives matter. Black voices matter. A statement from HUP »

From Our Blog

Jacket: The Will of the People: The Revolutionary Birth of America, by T. H. Breen, from Harvard University Press

Q&A with T. H. Breen, author of The Will of the People: The Revolutionary Birth of America

In most histories of the American Revolution, the Founding Fathers are foregrounded. In The Will of the People: The Revolutionary Birth of America, T. H. Breen recovers the forgotten history of our nation’s true founders—ordinary Americans. We spoke with him about what he discovered while writing the book, and what relevance it might have to today’s politics