Power and Prosperity: Outgrowing Communist and Capitalist Dictatorships

Front Cover
Basic Books, 2000 - Business & Economics - 233 pages
1 Review
Why do some economies do better than others? How does society encourage the kind of market economy that generates continually increasing incomes? How do particular styles of government affect economic performance? World-renowned economist Mancur Olson tackles these questions and others in what will surely be regarded as his magnum opus.Olson contends that governments can play an essential role in the development of markets. Reliable enforcement of private contracts and protection of individual rights to property depend on governments strong enough to guarantee these rights yet constrained enough not to undermine them. His exploration of "market-augmenting governments” will stand as a cutting-edge work on economic growth and provide a useful framework in which to consider the Asian financial crisis and its aftermath. As Susan Lee noted in Forbes, "his pioneering insights might have won a Nobel Prize for Olson had he lived a bit longer.”

From inside the book

What people are saying - Write a review

LibraryThing Review

User Review  - Miro - LibraryThing

If there is a leading economic text to act as a guide to the new milenium it is probably this one. Olson firmly rejects the idea that economics can be understood without the political context of power ... Read full review



8 other sections not shown

Other editions - View all

Common terms and phrases

About the author (2000)

Mancur Olson (1932-1998) was Distinguished Professor of Economics at the University of Maryland.

Bibliographic information