The Rise and Decline of Nations

The Rise and Decline of Nations The Years Since World War II Have Seen Rapid Shifts In The Relative Positions Of Different Countries And Regions Leading Political Economist Mancur Olson Offers A New And Compelling Theory To Explain These Shifts In Fortune And Then Tests His Theory Against Evidence From Many Periods Of History And Many Parts Of The World T His Elegant, Readable Book Sets Out To Explain Why Economies Succumb To The British Disease, The Kind Of Stagnation And Demoralization That Is Now Sweeping Europe And North America A Convincing Book That Could Make A Big Difference In The Way We Think About Modern Economic Problems Peter Passell, The New York Times Book Review Schumpeter And Keynes Would Have Hailed The Insights Olson Gives Into The Sicknesses Of The Modern Mixed Economy Paul A Samuelson, Massachusetts Institute Of Technology One Of The Really Important Books In Social Science Of The Past Half Century Scott Gordon, The Canadian Journal Of Economics The Thesis Of This Brilliant Book Is That The Longer A Society Enjoys Political Stability, The Likely It Is To Develop Powerful Special Interest Lobbies That In Turn Make It Less Efficient Economically Charles Peters, The Washington Monthly Remarkable The Fundamental Ideas Are Simple, Yet They Provide Insight Into A Wide Array Of Social And Historical Issues The Rise And Decline Of Nations Promises To Be A Subject Of Productive Interdisciplinary Argument For Years To Come Robert O Keohane, Journal Of Economic Literature I Urgently Recommend It To All Economists And To A Great Many Non Economists Gordon Tullock, Public Choice Olson S Theory Is Illuminating And There Is No Doubt That The Rise And Decline Of Nations Will Exert Much Influence On Ideas And Politics For Many Decades To Come Pierre Lemieux, ReasonCo Winner Of The 1983 American Political Science Association S Gladys M Kammerer Award For The Best Book On U.S National Policy A genuine classic Mancur Olson starts with a three chapter summary of his Logic of Collective Action, where he explained how stability breeds special interest groups e.g cartels, guilds, unions, oligopolies etc and how those groups acquire influence in an economy Some of the most basic observations are 1 Bargaining power will never be perfectly symmetric, i.e there will be winners and losers 2 The longer the period of stability, thethese special interests will flourish 3 Smal A genuine classic Mancur Olson starts with a three chapter summary of his Logic of Collective Action, where he explained how stability breeds special interest groups e.g cartels, guilds, unions, oligopolies etc and how those groups acquire
17 Oct 2017I remember reading this book somewhere between 1981 85, since my Uncle Chuck had loaned me his copy after he read and liked it I remember liking it quite a bit too, and being convince of the argument that developed nations tended to start growing slower and stagnating due to the special interests gettingandpolitical power and legislation passing that prevented the faster growth and development.The things that knocked down the rating for me were 1 the ponderous writing 17 Oct 2017I remember reading this book somewhere between 1981 85, since my Uncle Chuck had loaned me his copy after he read and liked it I remember liking it quite a bit too, and being convince of the argument that developed nations tended to start growing slower and stagnating due to the special interests gettingandpolitical power and legislation passing that prevented the faster growth and development.The things that knock
It s pretty rare that you find a book, particularly in a well trodden field like economics, that manages to feel both original and important Its main thesis is simplicity itself that societies over time accumulate interest groups like ships hulls accumulate barnacles, and over time these groups becomeinterested in rerouting the benefits of progress to themselves than investing in the future Think labor unions, manufacturer s groups, advocacy organizations, even charities He builds on It s pretty rare that you find a book, particularly in a well trodden field like economics, that manages to feel both original and important Its main thesis is simplicity itself that societies over time accumulate interest groups like ships hulls accumulate barnacles, and over time these groups becomeinterested in rerouting the benefits of progress to themselves than investing in the future Think labor unions, manufacturer s groups, advocacy organizations, even charities He builds on his earlier work, The Logic of Collective Action, in identifying why special interests form, some barriers to their formation and success, and how they persist and operate once formed.It seems both inarguable and almost obvious, in the way of the best economic logic, but in much the same way that an idea as seemingly non controversial today as division of labor had to be explained over hundreds of pages way back in the day by Adam Smith, so Olson has to
The second of three major works by the late University of Maryland economist Mancur Olson, The Rise and Decline of Nations builds on the theories of his first work, The Logic of Collective Action Public Goods and the Theory of Groups, and applies them to macroeconomic issues, in particular stagflation, unemployment, and business cycles Olson writes for a general audience, with both the economic theory and the examples presented in plain English and well explained The final chapter delves a b The second of three major works by the late University of Maryland economist Mancur Olson, The Rise and Decline of Nations builds on the theories of his first work, The Logic of Collective Action Public Goods and the Theory of Groups, and applies them to macroeconomic issues, in particular stagflation, unemployment, and business cycles Olson writes for a general audience, with both the economic theory and the examples presented in plain English and well explained The final chapter delves a bit deeper into economic theory, but will still be within the grasp of non economists.For centuries, if not millennia, people have been fascinated by the rise and fall of nations Many have written about the issue in various ways Edward Gibbon opted for an historical case study in The Decline and Fall of the Roman Empire Jared Diamond took a broad, resource based geographic approach in his bestselling Guns, Germs and Steel while
I had to read this book for school and it was one of my least favorite books I have read in a long time The first chapters of the book that set up his argument were okay, but the chapters on why his argument was right and especially the last chapter on macroeconomic theory did not interest me much I also did not really like the author s writing style of talking to the reader and inserting himself in the first person He did not do this often, but I thought it was unnecessary when he did it I had to read this book for school and it was one of my least favorite books I have read in a long time The first chapters of the book that set up his argument were okay, but the ch
I m one of the laymen engineering by training who tried to read this for personal comprehension Hmmm It s a tough slog, since the obviously brilliant author meanders around the subject and embeds the pearls of wisdom inside a broad treatment I would have thought that Yale University would have chained a good editor to Olson s ankle, as the reader has to at least this reader had to go back and forth to keep up with the reasoning and context An index would have been valuable to say the l I m one of the laymen engin
This book isthan an exegesis of economic concerns in the 1980s It deals with a philosophical question of the nature of Western economies when the market is perfectly free where everyone in the economy acts in accordance with his or her best interests, why do depression and unemployment still occur In this book, the culprits are the wide spread special interest groups opposing the mainstream economic policies and seeking their own collective economic sanctuaries By answering the qu This book isthan an exegesis of economic concerns in the 1980s It deals with a philosophical question of the nature of Western economies when the market is perfectly free where everyone in the economy acts in accordance with his or her best interests, why do depression and unemployment still occur In this book, the culprits are the wide spread special interest groups opposing the mainstream economic policies and seeking their own collective economic sanctuaries By answering the question, the book unveils the relationship between national economies and influence of interest groups It argues that countless interest groups introduces chaos to economy by restraining free movement of human and capital resources, causing decline in production effici
Mancur Olson was a first class thinker and an economist held in high esteem His The Logic of Collective Action is rightly regarded as a classic not hype in this case This book is another fascinating product from Olson s mind It is not a classic at the level of the book just mentioned, but this volume did have an effect on thinking and research.The thesis is relatively straightforward The longer any society experiences political stability and economic success, one natural consequence is t Mancur Olson was a first class thinker and an economist held in high esteem His The Logic of Collective Action is rightly regarded as a classic not hype in this case This book is another fascinating product from Ol
In The Rise and Decline of Nations, Mancur Olson posits a quite credible theory of why nations grow, stagnate or decline As I understand it, as nations age they acquireandwhat Olson calls distributional organizations, unions, trade unions, manufacturing associations, professional associations, etc which tend to make the commercial process sclerotic Although he admits that there are multiple other forces at work He supports the theory very well, showing how it explains the r In The Rise and Decline of Nations, Mancur Olson posits a quite credible theory of why nations grow, stagnate or decline As I u
The most interesting chapter was the early one where he summarizes his Logic of Collective Action.

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  • Paperback
  • 276 pages
  • The Rise and Decline of Nations
  • Mancur Olson
  • English
  • 06 February 2017
  • 0300030797