Most Popular Books by Simon Johnson

Simon Johnson is the author of Cronyism and Capital Controls (2001), An African Success Story (2002), Lonea (1909), Poder y progreso (Edición mexicana) (2024), Poder e progresso (2024).

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Cronyism and Capital Controls

release date: Jan 01, 2001
Cronyism and Capital Controls
The initial impact of the Asian financial crisis in Malaysia reduced the expected value of government subsidies to politically favored firms. Of the estimated $60 billion loss in market value for politically connected firms from July 1997 to August 1998, roughly 9% can be attributed to the fall in the value of their connections. Firing the Deputy Prime Minister and imposing capital controls in September 1998 primarily benefited firms with strong ties to Prime Minister Mahathir. Of the estimated $5 billion gain in market value for Mahathir-connected firms during September 1998, approximately 32% was due to the increase in the value of their connections. The evidence suggests Malaysian capital controls provided a screen behind which favored firms could be supported.

An African Success Story

release date: Jan 01, 2002

Poder y progreso (Edición mexicana)

release date: Aug 20, 2024
Poder y progreso (Edición mexicana)
Los prestigiosos economistas Daron Acemoglu y Simon Johnson demuestran que el desarrollo técnico es indispensable para el avance de la democracia El progreso no es un destino predeterminado, sino que depende de las elecciones que hagamos sobre la tecnología. Esta reflexión resulta muy pertinente en un mundo donde los avances digitales y la robótica amenazan a nuestros empleos y a nuestras democracias a través de la automatización excesiva, la recopilación masiva de datos y la vigilancia intrusiva. Los prestigiosos economistas Daron Acemoglu y Simon Johnson emprenden en este libro un impresionante recorrido por la historia y el futuro de la tecnología, desde la revolución agrícola del Neolítico al ascenso de la inteligencia artificial. Concluyen que el ser humano siempre puede permanecer en el asiento del conductor del desarrollo tecnológico, y decidir si sirve a los intereses de una élite o al bien común. Poder y progreso ofrece una nueva interpretación de la economía política de la innovación y desafía el derrotismo de quienes asumen que el desarrollo técnico trae inevitablemente una concentración del poder y la riqueza. Acemoglu y Johnson demuestran que estos avances pueden convertirse en una herramienta de empoderamiento y democratización. Este libro es un recordatorio esencial de que podemos y debemos recuperar el control de la tecnología y redirigir la innovación para que vuelva a beneficiar a la mayoría.

Poder e progresso

release date: Apr 30, 2024
Poder e progresso
Uma nova e ousada perspectiva sobre os avanços tecnológicos ao longo da história, provando que as inovações podem gerar prosperidade para todos, não somente às elites. * Best-seller do New York Times * Autores vencedores do prêmio Nobel de Economia 2024 A partir da análise de mil anos de história, aliada ao exame de evidências contemporâneas, Daron Acemoglu e Simon Johnson, professores do Instituto de Tecnologia de Massachusetts (MIT), mostram como o progresso depende das escolhas que fazemos sobre o uso e os avanços da tecnologia. Novos modos de organizar os processos produtivos e novas formas de comunicação podem, a princípio, se tornar a base de uma sociedade mais próspera e igualitária. Na prática, no entanto, esses avanços servem apenas aos interesses de uma pequena elite que detém os meios de produção e de poder. Ou seja: a adoção de mais tecnologia não implica necessariamente mais progresso. A riqueza gerada pelos aprimoramentos na agricultura durante a Idade Média, por exemplo, foi absorvida pela nobreza para seus próprios fins, enquanto os camponeses viviam à beira da inanição. Na Inglaterra, os primeiros cem anos de industrialização só entregaram salários estagnados e duras jornadas de trabalho aos operários, enquanto empresários acumulavam capital. Isso continua atualmente. A inteligência artificial, assim como a evolução de outras tecnologias, mina os empregos e a democracia por meio da automação indiscriminada, da coleta maciça de dados e da invasão de privacidade. O ritmo das inovações ao longo da história, no entanto, já serviu a propósitos mais igualitários, e pode voltar a fazê-lo. Poder e progresso demonstra que é possível redirecionar as diferentes inovações para criar prosperidade real a todos, em vez de atender apenas a uma minoria privilegiada . "Uma jornada de tirar o fôlego pela história e pelo futuro da tecnologia." — Abhijit Banerjee e Esther Duflo, vencedores do prêmio Nobel de Economia "Com valores humanos e esperança, esse livro nos mostra como podemos guiar a tecnologia na promoção do bem comum. Leitura obrigatória para qualquer pessoa que se preocupe com o destino da democracia na era digital." — Michael J. Sandel, autor de A tirania do mérito

權力與進步

權力與進步
全球獨家中文版!《金融時報》年度選書 關心AI時代人類命運的必讀之作 當代經濟學巨擘從千年歷史經驗借鑑,重新定位科技變革的價值與方向 ☉ 《國家為什麼會失敗》、《自由的窄廊》作者最新力作 ☉ 《槍砲、病菌與鋼鐵》作者賈德.戴蒙、《正義》作者邁可.桑德爾 重磅推薦 ☉ 台灣大學經濟系特聘教授 林明仁 專文導讀 科技變革蘊藏著極大的潛力,不僅能提升生產力,還能改善地球上數十億人們的生活。然而,當我們跳上快速奔馳的「生產力便車」,盡情享受技術躍進所帶來快速、便捷的科技果實,此時人類的命運與社會的發展,卻悄然來到全新的十字路口。在迎向更強大的人工智慧世界之前,我們是否該停下來思考: ● 強大、快速的科技進步,對我們來說一定是好事? ● 在科技創新突破的過程中,誰會成為贏家、誰又會是輸家? ● 數位革命與AI技術的演進,為人們帶來的是「願景」、還是「陷阱」? 本書帶領讀者踏上一條橫跨千年的旅程,重新檢視科技變革為人類社會帶來的利與弊,探索如何創造一個兼顧進步與平等的未來。作者大聲疾呼:科技進步並不意味著所有人都能共蒙其利,今日我們所共享的繁榮生活,其實是前人積極爭取的結果。我們如果繼續對科技抱持盲目樂觀的態度,聽任少數人透過侵害多數人權益而致富,終將侵蝕得來不易的自由、民主與生活方式。 問題的解方並非阻礙科技與新技術的發展,而是要讓更多人從科技迷夢中警醒,凝聚眾人力量,共同審慎思考科技創新的價值與方向,打造一個能夠兼顧科技變革與共享繁榮的社會。透過本書,作者為全人類照亮一條通往理想未來之道。 專文導讀── 臺灣大學經濟系特聘教授 林明仁 盛讚好評── 《槍砲、病菌與鋼鐵》作者 賈德.戴蒙 《正義》、《成功的反思》作者 邁可.桑德爾 《重新想像資本主義》作者 瑞貝卡.韓德森 《監控資本主義時代》作者 肖莎娜.祖博夫 《VR萬物論》作者 傑容.藍尼爾 《激進市場》合著者 格倫.韋爾 2015年諾貝爾經濟學獎得主 安格斯.迪頓爵士 2019年諾貝爾經濟學獎得主 阿比吉特.班納吉、艾絲特.杜芙若 理解科技進步對政治、經濟、社會的影響,進而反思一個更基本的提問:什麼是「好」的技術?正是社會科學的大哉問。放眼當今學術江湖,沒有比艾塞默魯與強森這兩位長期合作的夥伴更適合處理這個難題了。 ──林明仁,臺灣大學經濟系特聘教授 科技正在顛覆我們的世界!將工作流程自動化,加劇不平等,創造出各種監控的工具與錯誤資訊,使民主飽受威脅。然而艾塞默魯與強森告訴我們,一切還有別的可能。科技要走向何方,並不像風那樣屬於人類無法控制的自然力量,其實可以由我們決定。這本充滿人性和希望的著作帶領我們思考:如何引導科技發展來提升公共利益。只要你關心數位時代民主的命運,絕不能錯過這本書。 ──邁可.桑德爾(Michael J. Sandel),哈佛大學政治哲學講座教授,《成功的反思》作者 如果艾塞默魯與強森過去的著作還沒讓你成為他們的書迷,本書肯定能讓你及時趕上。兩位作者的文采斐然,令人沉迷其中,尤其書中討論的又是與我們密切相關的重要議題。強大的新科技對我們來說一定是好事?一百五十年前的工業革命真的為我們的曾祖父母帶來快樂?今日的人工智慧能否為我們帶來更多幸福?閱讀本書,對你的生活方式做出睿智的選擇。 ──賈德.戴蒙(Jared Diamond),普利茲獎得主,《槍砲、病菌與鋼鐵》作者 一部必讀之作!扣人心弦、文筆優美、論證嚴密,為一個極為重要的問題提出強大的解決方案。兩位作者從歷史借鑑,深入探究AI及社群媒體如何壓低薪資、破壞民主,進而主張我們應該對科技的管理與掌控發動一場革命。縱觀歷史,唯有在精英階級被迫分享權力時,科技才能促進公共利益,而本書讓我們清楚看見這在今日可能的樣貌。 ──瑞貝卡.韓德森(Rebecca Henderson),哈佛大學講座教授,《重新想像資本主義》作者 透過書中這趟令人驚心動魄的旅程,帶領我們探訪從過去到未來、從新石器時代的農業革命到AI崛起的科技發展史。全書以一條強力主線貫串全局:科技的變革不是命中註定,科技的發展方向也絕非無法改變。儘管人類的制度並不完美,各種衝動也常相互矛盾,但人類仍然掌握主控權,我們有責任決定自己所造的這輛車要駛向正義或是墜落懸崖。在這個自動化高速發展、錢與權的壟斷似乎勢不可當的時代,本書適時敲響警鐘,提醒人類有能力、也必須奪回控制權! ──阿比吉特.班納吉(Abhijit Banerjee)、艾絲特.杜芙若(Esther Duflo),2019年諾貝爾經濟學獎得主,《窮人的經濟學》與《艱困時代的經濟學思考》作者 在艾塞默魯與強森的筆下,超過千年的科技變遷史壯闊展開。全書矛頭直指經濟學家既對科技變遷抱持盲目的熱情,卻對權力傾斜嚴重忽視。這是一部早該問世的重要著作。 ──安格斯.迪頓爵士(Sir Angus Deaton),2015年諾貝爾經濟學獎得主,《絕望死與資本主義的未來》合著者 這部大作讓我對目前社會、經濟與科技的匯流有了更深的理解。本書除了具備歷史與分析架構,也提出改善未來的具體建議;雖然種種批評毫不留情,卻也激發我們對於未來的樂觀情緒。 ──傑容.藍尼爾(Jaron Lanier),《VR萬物論》作者 AI革命究竟會讓一般勞工的生產力上升、辛勞度下降,或者只是創造出更多由機器人看管、剝削勞工且監控嚴格的工作場所?這是我們必須探問的重要議題。幸運的是,艾塞默魯與強森已經著手提出解答,提供清晰的歷史脈絡,梳理其中種種經濟誘因,為我們照亮一條更好的前行路徑。 ──凱西.歐尼爾(Cathy O’Neil),《大數據的傲慢與偏見》作者 我們的未來無可避免會隨著AI或Web3等技術的加速發展所決定……至少有人是這麼說的。然而,當代兩位最偉大的經濟學家明確反駁這種科技決定論的論述,指出在過去四十年間,這種論述一直妨礙我們打造更美好的未來。如果足夠幸運,或許未來當我們回顧此刻,會發現此刻就是轉捩點:眾人再次承擔起責任,為科技如何型塑我們共同生活的世界,審慎做出決定。 ──格倫.韋爾(E. Glen Weyl),《激進市場》合著者 本書對於科技變革的過去與現在做出精采而全面的回顧,作者試圖抓著我們的肩膀,即時搖醒並告訴我們:別讓現今這種贏家全拿的技術,繼續對全球社會與民主前景施加更多暴力。對於「科技必然性」(tech inevitability)這種有毒的論述,本書提供必要的解毒劑,揭露科技的現實政治,是作為經濟強權長久的特洛伊木馬,偏袒少數人的逐利,罔顧多數人的利益。本書是應對未來挑戰的重要藍圖,唯有當科技在受到民主權利、價值觀及維繫日常運作的法律馴服下,才能促進社會的共享繁榮。 ──肖莎娜.祖博夫(Shoshana Zuboff),《監控資本主義時代》作者 作者簡介 戴倫.艾塞默魯 Daron Acemoglu 麻省理工學院經濟學學院教授,為該校最高榮譽教職。他過去二十五年來持續研究繁榮與貧困的歷史根源,以及新科技對於經濟成長、就業與不平等的影響。曾榮獲眾多獎項與榮譽:2005年獲頒「克拉克獎章」(John Bates Clark Medal),該獎章授予四十歲以下、對經濟思想與知識具有重大貢獻的經濟學家;2016年榮獲「BBVA基金會新領域知識獎」(BBVA Frontiers of Knowledge Award),表彰他在經濟、財務金融與管理學上的傑出貢獻;2019年獲基爾世界經濟研究院(Kiel Institute for the World Economy)的「經濟學全球經濟獎」(Global Economy Prize)。作品:與詹姆斯.羅賓森(James Robinson)合著《自由的窄廊》(The Narrow Corridor)、《國家為什麼會失敗》(Why Nations Fail)。 賽門.強森 Simon Johnson 麻省理工學院史隆管理學院創業學講座教授與全球經濟與管理(Global Economics and Management)團隊主任。曾任國際貨幣基金組織(IMF)首席經濟學家,研究全球經濟危機與復甦長達三十年。在《紐約時報》、《華盛頓郵報》、《華爾街日報》、《大西洋月刊》、《金融時報》等重要刊物發表超過三百篇文章,著述豐富,影響深遠。作品:與強納森.格魯伯(Jonathan Gruber)合著《美國再啟動》(Jump-Starting America),與郭庾信(James Kwak)合著《燃燒的白宮》(White House Burning)、《13個銀行家》(13 Bankers)。強森目前與全球各地企業家、民選官員與公民社會維持密切合作。 譯者簡介 林俊宏 臺灣師範大學翻譯研究所博士,喜好電影、音樂、閱讀、閒晃,覺得把話講清楚比什麼都重要。譯有《如何讓人改變想法》、《元宇宙》、《人類大歷史》系列、《大數據》系列等書。

Macht und Fortschritt

release date: Sep 13, 2023
Macht und Fortschritt
Fortschritt – Eine 1000-jährige Illusion Die verbesserte Landwirtschaft im Mittelalter, später die industrielle Revolution und heute die künstliche Intelligenz – im Laufe der Geschichte wurde der technologische Wandel stets als Haupttriebkraft für das Gemeinwohl angesehen. Doch die Fortschrittsgewinne fallen nur wenigen zu, und die Technologie ist von den Zielen und Obsessionen der Mächtigen geprägt. Sie verhilft ihnen zu noch mehr Reichtum, sozialem Ansehen und Einfluss. Die zwei MIT-Professoren und Bestsellerautoren Daron Acemoglu (»Warum Nationen scheitern«) und Simon Johnson stellen das konventionelle Verständnis von technologischem Fortschritt auf den Kopf, Volkswirtschaften funktionieren anders als wir gemeinhin denken. Sie enthüllen, wer die Fortschrittsgewinner und wer die -verlierer sind, in einem Werk, das unseren Blick auf die Welt und unser Verständnis von ihr grundlegend verändert. Wie kann echter Fortschritt, wie kann gerechtere Innovation gelingen? Acemoglu und Johnson haben die Antworten. »Macht und Fortschritt« ist ausgezeichnet mit dem A.SK Social Science Award 2023. Daron Acemoglu und Simon Johnson sind Träger des Wirtschaftsnobelpreises 2024. »Eine Synthese aus Geschichte und Analyse, verbunden mit konkreten Ideen, wie die Zukunft verbessert werden kann.« Jaron Lanier »Dieses wichtige Buch ist ein notwendiges Gegenmittel gegen die giftige Rhetorik der technologischen Unvermeidbarkeit.« Shoshana Zuboff »Pflichtlektüre für alle, denen das Schicksal der Demokratie im digitalen Zeitalter am Herzen liegt.« Michael J. Sandel »Lesen Sie, genießen Sie, und entscheiden Sie dann über Ihren Lebensstil!« Jared Diamond

Potere e progresso

release date: Oct 24, 2023
Potere e progresso
Cos''è davvero il progresso? Nel corso della storia dell''umanità, il cambiamento tecnologico – che si tratti dei miglioramenti agricoli nel Medioevo, della Rivoluzione industriale o dell''odierna intelligenza artificiale – è stato visto come il principale motore della prosperità, qualcosa da cui avremmo tratto solo vantaggi. La realtà, però, si è sempre rivelata più complessa. Nel XIX secolo, l''introduzione della sgranatrice aumentò enormemente la produttività della coltivazione di cotone e trasformò gli Stati Uniti nel suo primo esportatore mondiale, ma allo stesso modo intensificò la ferocia dello schiavismo e della segregazione razziale. A partire da esempi come questo e guardando alla contemporaneità, Daron Acemoglu e Simon Johnson sfatano il mito del tecnottimismo moderno. È vero: ce la passiamo enormemente meglio dei nostri antenati, ma gli ultimi mille anni hanno visto la diffusione di invenzioni che non hanno affatto portato al benessere collettivo e i risultati sono sotto i nostri occhi. Una visione nuova e più inclusiva della tecnologia potrà emergere solo se prendiamo coscienza del nostro potere sociale, lottando per fare in modo che le innovazioni siano al servizio di tutti. Acemoglu e Johnson scrivono un manifesto per una società migliore, insistendo sulla necessità di assicurarci che la tecnologia crei nuovi posti di lavoro e nuove opportunità, anziché emarginare la maggior parte delle persone, attraverso il lavoro automatizzato e la passività politica. Solo così potremo realizzare il vero potenziale del progresso, ripensando la teoria economica in modo rivoluzionario.

Great Leaders

release date: Sep 16, 2019
Great Leaders
Discover the lives of history''s greatest leaders. From statesmen to generals and presidents to PMs, this detailed book explores the lives and legacies of five of the world''s most famous and influential men. With a comprehensive account of their lives, achievements, philosophies and more, inside this bundle you''ll find: Abraham Lincoln, 16th president of the United States and famous for his anti-slavery policy and leadership during the Civil War. Winston Churchill, the Prime Minister who stood up to Hitler and the Nazis, leading the UK to victory in World War II. George Washington, figurehead of America''s independence and one of the greatest military men of all time. Ulysses S. Grant, 18th president of the United States and General during the Civil War. With Lincoln, he helped secure a Union victory and defeat the Confederates. And Napoleon Bonaparte, one of history''s most ambitious rulers, famous for his role in the Napoleonic Wars and the French Revolution. History is filled with remarkable figures who have shaped the course of entire nations. From military masterminds to world leaders, this biography delves into the lives of these five extraordinary men and the achievements and legacies they leave behind. Great Leaders is a must-read for anyone interested in politics, history, war, or leadership principles. Buy now to uncover the lives of these remarkable leaders today!

Number Animal Tracing for Toddlers

release date: Jun 24, 2019
Number Animal Tracing for Toddlers
The Tracing For Toddlers helps early learning toddlers begin early tracing skills. Let your toddlers start using pencil for tracing practice with tracing activities for preschoolers.It will be the best help for the preschool workbook to prepare for their school success. This workbook includes: - Easy to follow activities which slowly increasing difficulty. - High-quality matte, come with the beautiful cover design. - Size 8.5"" x 11" suitable for kids usage. - Come with a large print font which good for reading.

Fundamental Guide to Chess for Beginners

release date: Feb 23, 2021
Fundamental Guide to Chess for Beginners
Are you fascinated by the excellent game of chess? Would you like to learn how to play this splendid game of strategies and missteps? This guide is for you! Playing is difficult and often being very good takes a lifetime and many studies, but that doesn''t mean it''s impossible to play it!!! This guide will teach you how to play one of the oldest games globally, explaining openings, strategies, and clever solutions to win against friends and family, and who knows ... maybe even against the champions! You will learn: - The Basics of Chess the Pieces and the Chessboard - How the Pieces Move - Opening Strategies for Beginners - Middle-game Strategies for Beginners - Ending Strategies for Beginners - Essential Tactics for Winning .. and much more!!! What are you waiting for to be the new King/Queen of Chess? Scroll UP and click the BUY NOW button!!

From Fjord to Prairie Or, in the New Kingdom

release date: Oct 16, 2018
From Fjord to Prairie Or, in the New Kingdom
This work has been selected by scholars as being culturally important and is part of the knowledge base of civilization as we know it. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. To ensure a quality reading experience, this work has been proofread and republished using a format that seamlessly blends the original graphical elements with text in an easy-to-read typeface. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.

Macrofinancial Linkages

release date: Jan 01, 2010
Macrofinancial Linkages
Macrofinancial linkages have long been at the core of the IMF''s mandate to oversee the stability of the global financial system. With the advent of the economic crisis, the Fund has drawn on its research in order to contribute to critical debates on the nature of appropriate policy responses at both the national and multilateral levels. This volume brings together writings by IMF economists on macrofinancial issues, and highlights the issues and approaches that have guided IMF thinking in an area that makes up an increasingly important component of the IMF''s overall remit.--Publisher''s description.

Mastering Modern Chess Openings

release date: Feb 23, 2021
Mastering Modern Chess Openings
Want to be sure about your openings? Do you want to have victory in your hands from the start? Many chess players spend a lot of time studying the openings working hard because, after that, the player will know how to continue the game and eventually win. The player who will have more mastery of the openings then will be the one who will dominate the game. It is not a matter of learning by heart but of understanding the game and each move. This book will introduce aspiring chess enthusiasts to the fundamental concepts behind many of the foremost popular opening strategies. With this guide, you''ll learn: - Rules of the Game - Important Concepts for Chess Openings - White''s First Moves - Black''s First Moves - Checkmate Themes - Tips for A Successful Opening ...and much more!! What do you waiting for You''ll never have to doubt your next moves again! Scroll up and click the BUY NOW button!

Emotion and Social Theory

release date: Jan 01, 2001
Emotion and Social Theory
This critical account of the resurgence of emotions in social theory draws on a wide range of sources, both classical and contemporary to examine this once marginalised topic.

Centreport Gibraltar

release date: Jan 01, 1986

中國煉丹術考

中國煉丹術考
著者: Obed Simon Johnson. -- 据上海商务印书馆1937年3月初版影印. -- 本书原为:“百科小丛书”之一

Why the Power of Technology Rarely Goes to the People

release date: Jan 01, 2023
Why the Power of Technology Rarely Goes to the People
Throughout history, the advantages and costs of technological innovations have been unevenly distributed between the powerful and the rest of society, assert economists Daron Acemoglu and Simon Johnson in their new book, Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity. In a Q&A, they discuss what’s wrong with today’s approach to automation, why machine usefulness is more important than machine intelligence, and what techno-optimists and -pessimists both get wrong.

Complementarities and Optimal Reform

release date: Jan 01, 1995

The Rise of Europe

release date: Jan 01, 2003
The Rise of Europe
This paper documents that the Rise of (Western) Europe between 1500 and 1850 is largely accounted for by the growth of European nations with access to the Atlantic, and especially by those nations that engaged in colonialism and long distance oceanic trade. Moreover, Atlantic ports grew much faster than other West European cities, including Mediterranean ports. Atlantic trade and colonialism affected Europe both directly, and indirectly by inducing institutional changes. In particular, the growth of New World, African, and Asian trade after 1500 strengthened new segments of the commercial bourgeoisie, and enabled these groups to demand, obtain, and sustain changes in institutions to protect their property rights. Furthermore, the most significant institutional changes and consequently the most substantial economic gains occurred in nations where existing institutions placed some checks on the monarchy and particularly limited its control of overseas trading activities, thus enabling new merchants in these countries to benefit from Atlantic trade. Therefore, the Rise of Europe was largely the result of capitalist development driven by the interaction of late medieval institutions and the economic opportunities offered by "Atlantic trade." Keywords: Capitalism, Economic Growth, Institutions, Political Economy, Social Conflict, Trade. JEL Classifications: O10, F10, P10, N13.

Inflation, Intermediation and Economic Activity

release date: Jan 01, 1989

Entrepreneurs and the Ordering of Institutional Reform

release date: Jan 01, 1999

Dodging the Grabbing Hand

release date: Jan 01, 2001
Dodging the Grabbing Hand
Across 69 countries, higher tax rates are associated with less unofficial activity as a percent of GDP but corruption is associated with more unofficial activity. Entrepreneurs go underground not to avoid official taxes but to reduce the burden of bureaucracy and corruption. Dodging the Grabbing Hand in this way reduces tax revenues as a percent of both official and total GDP. As a result, corrupt governments become small governments and only relatively uncorrupt governments can sustain high tax rates.

Spontaneous Privatization in the Soviet Union

release date: Jan 01, 1991
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