The grabbing hand

Description:

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. The authors of this collection of essays describe many of these pathologies of a grabbing hand government and examine their consequences for growth.

subjects: Government business enterprises,  Government ownership,  Political aspects,  Political aspects of Trade regulation,  Political corruption,  Privatization,  Trade regulation,  Ownership & organization of enterprises,  Political science & theory,  Public finance,  Public Ownership,  Business & Economics,  Politics / Current Events,  Business/Economics,  General,  Government & Business,  Government business enterprise