The Grabbing Hand

The Grabbing Hand

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In many countries, public sector institutions impose heavy burdens on economic life. 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.When entry is completely free, the total bribe rises to infinity and the sales of the package of government goods, as well as bribe ... For simplicity, begin with the case of one such good, such as a United States passport or a drivera#39;s license. ... If this official attempts to charge a bribe, or to price his services above marginal cost, another individual will offer the public the same service at a lower price, and theanbsp;...

Title:The Grabbing Hand
Author: Andrei Shleifer, Robert W. Vishny
Publisher:Harvard University Press - 2002

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