[PDF] The Political Economy Of Prosperity eBook

Author : Timothy Besley
Publisher : Princeton University Press
Page : 393 pages
File Size : 40,16 MB
Release : 2011-08-28
Category : Business & Economics
ISBN : 0691152683

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How nations can promote peace, prosperity, and stability through cohesive political institutions "Little else is required to carry a state to the highest degree of opulence from the lowest barbarism, but peace, easy taxes, and a tolerable administration of justice; all the rest being brought about by the natural course of things." So wrote Adam Smith a quarter of a millennium ago. Using the tools of modern political economics and combining economic theory with a bird's-eye view of the data, this book reinterprets Smith's pillars of prosperity to explain the existence of development clusters—places that tend to combine effective state institutions, the absence of political violence, and high per-capita incomes. To achieve peace, the authors stress the avoidance of repressive government and civil conflict. Easy taxes, they argue, refers not to low taxes, but a tax system with widespread compliance that collects taxes at a reasonable cost from a broad base, like income. And a tolerable administration of justice is about legal infrastructure that can support the enforcement of contracts and property rights in line with the rule of law. The authors show that countries tend to enjoy all three pillars of prosperity when they have evolved cohesive political institutions that promote common interests, guaranteeing the provision of public goods. In line with much historical research, international conflict has also been an important force behind effective states by fostering common interests. The absence of common interests and/or cohesive political institutions can explain the existence of very different development clusters in fragile states that are plagued by poverty, violence, and weak state capacity.

Author : Arthur M. Okun
Publisher : Washington, Brookings Institution [1970]
Page : 168 pages
File Size : 14,53 MB
Release : 1970
Category : Business & Economics
ISBN :

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Revised version of the text of a series of lectures on the economy and economic policy of the USA - covers the role of interest groups, sustained economic growth, proposals relating to taxation, the unemployment rate, the relationship between fiscal policy and monetary policy, problems of maintaining full employment, defence financing, inflation, stabilisation policy, the gross national product, etc. Bibliography.

Author : Peter Murphy
Publisher : Routledge
Page : 255 pages
File Size : 41,49 MB
Release : 2019-10-24
Category : Business & Economics
ISBN : 0429015410

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Why do some nations and cities attain high levels of economic and social prosperity? What makes them so successful? The kinds of factors habitually cited in answer to these questions explain why nations improve their economic and social performance but not why a small group of nations (or cities) perform much better than the rest. Economists stress efficient markets, effective industries and functional factors like transport, health, education, and infrastructure. Political scientists emphasize honest and democratic government. This book argues that three further factors are key: paradoxes, patterns, and portals. To an unusual degree, the world’s most prosperous economies and societies think and act paradoxically. At their core are enigmatic, puzzle-like belief systems that elicit cooperation via abstract patterns rather than personal connections. They are often accompanied by high levels of autodidactic self-directed learning and intense creation in the arts and sciences. These factors, when combined, facilitate large-scale interactions between strangers and, in so doing, they energize markets, industries, cities, and publics. Pattern-based political economies are especially prominent in the portal cities, regions, and nations that are concentrated along the world’s maritime circumference in North America, East Asia, North-Western Europe, and Australasia. It is only by integrating additional cognitive, cultural, creative, and geographic elements that we can truly understand the successes of prosperous economies. This book represents a significant contribution to the literature on political economy, economic growth, and prosperity.

Author : Robert H. Bates
Publisher : Norton Series in World Politic
Page : 0 pages
File Size : 34,15 MB
Release : 2010
Category : Business & Economics
ISBN : 9780393933833

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In his new edition of Prosperity and Violence, Robert Bates continues to investigate the relationship between political order and economic growth.

Author : Shalendra D. Sharma
Publisher : Cambridge University Press
Page : 235 pages
File Size : 44,33 MB
Release : 2018-05-17
Category : Business & Economics
ISBN : 1107183588

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Examines the widening economic inequality in the United States, China, and India, and what can be done to ameliorate this.

Author : Scott Timcke
Publisher : Policy Press
Page : 181 pages
File Size : 37,95 MB
Release : 2023-03-31
Category : Social Science
ISBN : 1529221773

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Luck greatly influences a person’s quality of life. Yet little of our politics looks at how institutions can amplify good or bad luck that widens social inequality. But societies can change their fortune. Too often debates about inequality focus on the accuracy of data or modelling while missing the greater point about ethics and exploitation. In the wake of growing disparity between the 1% and other classes, this book combines philosophical insights with social theory to offer a much-needed political economy of life chances. Timcke advances new thought on the role luck plays in redistributive justice in 21st century capitalism.

Author : Harry Magdoff
Publisher : NYU Press
Page : 147 pages
File Size : 18,60 MB
Release : 1977
Category : Business & Economics
ISBN : 0853454221

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This is the second in the series of four collections of essays in which Paul M. Sweezy and Harry Magdoff, the editors of Monthly Review, set out as it took place the development of U.S. and global capitalism from the late 1960s to the "financial explosion" age of the early 1990s and after. This second set of essays constitute in their totality a probing analysis of the condition of the United States economy in the 1970s, immediately after the end of the "golden age" of capitalism. The authors concluded, correctly, that a new period had begun-"one of sluggish capitalist accumulation and unemployment in the advanced capitalist countries on a scale not seen since the 1930s."

Author : Bruce Bueno de Mesquita
Publisher : Yale University Press
Page : 278 pages
File Size : 14,51 MB
Release : 2000-07-11
Category : Business & Economics
ISBN : 9780300080186

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How do political institutions help promote prosperity in some countries and poverty in others? What can be done to encourage leaders to govern not for patronage but for economic growth? In this book, such distinguished political economists as Douglass North, Robert Barro, and Stephen Haber answer these questions, providing a solution to one of the most important policy puzzles of the new century: how to govern for prosperity. The authors begin from a premise that political leaders are self-interested politicians rather than benign agents of the people they lead. When leaders depend on only a few backers to stay in power, they dole out privileges to those people, thereby dissipating their country’s total resources and national growth potential. On the other hand, leaders who need large coalitions to stay in office implement policies that generally foster growth and political competition over ideas. The result is that those who promote policies that lead to stagnation tend to stay in office for a long time, and those who produce prosperity tend to lose their jobs. Analyzing countries in North and South America and Asia, the authors discuss the range of political regimes that permit or even encourage leaders to rule by mismanaging their nation’s resources. And they show that nations must forge institutions that allow all social groups to participate in and benefit from the economy as well as force political leaders to be responsible for policy outcomes.