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Theories of Collective Action pp Cite as. Mancur Olson has applied his theory of collective action to the problem of national advance: The Rise and Decline of Nations is an ambitious attempt to synthesise the topics of growth and development, efficiency and flexibility, free trade and involuntary unemployment, and to correlate them with the size and power of the special-interest groups which comprise the corporate society.

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The Rise and Decline of Nations: Economic Growth, Stagflation, and Social Rigidities

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Equally clearly, it sprang from the mind of no ordinary economist. 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. 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.

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More filters. Sort order. Aug 27, Athan Tolis rated it it was amazing Shelves: ec-and-finance , politics , favorites.

A genuine classic. Some of the most basic observations are 1. Bargaining power will never be perfectly symmetric, i. The longer the period of stability, the more these special interests will flourish; 3. Smal A genuine classic.

Smaller groups can organize better than bigger ones; 4. Cartels are bad for growth; 5. Special interest groups fight progress that might make them redundant; 8.

As these special interest groups accumulate they make the economy and society progressively unworkable. He compares the growth of rich countries and demonstrates that the UK is suffering growth-wise because its polity has been uninterrupted for the longest time. Thatcher had only been in office for 3 years when he wrote this! He moves on to the success of the European Union in tearing down trade barriers, with all the economic benefits it reaped, and laments that this was more of a coincidence than anything else, since he is not aware of a single case where trade barriers were not torn down by a separate political reason.

From there he moves on to explain the motives for primogeniture in European nobility, the formation of castes in India and apartheid in South Africa: a group enacts an exclusionary practice to preserve a privilege, and as time goes by the practice gets progressively stricter, as the gradient of privilege between insiders and outsiders increases. And so on. I now understand Greece ten times better. I understand why we used to make washing machines in Greece, why we established distilleries and alumina smelting facilities in some of the most beautiful settings on earth ancient Eleusis and Delphi and why I was limited to USD of hard currency per trip.

It is unlikely we will ever recover. In short, all the various cartels, guilds, unions etc. If the economy is doing better, this mispricing becomes less unjustified, but if the economy is doing worse for example subsequent to a shock to relative prices which leaves everybody in an economy poorer, like the one caused by OPEC then the mispricing becomes even worse. So the misallocation of resources is less egregious when prices go higher than when they go lower. So when nominal income for the economy goes down, the more natural way to take the hit is via quantity, rather than price.

A la limite, and as the powerful lobbies push their own agendas increasingly harder, you could even observe rising prices.

So this was overall an amazing read. Mar 27, Aaron Arnold rated it really liked it Shelves: economics , politics , read-in 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 become more interested 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.

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 spend his time laying out all the background detail on how groups decide to grab their slice of the economic pie rather than investing in bakeries and making more pies, instead of just condensing his arguments to bullet points and getting on with it.

One of the things that endeared this book to me is that it neatly complements the existing schools of economic thought - you can still be a die-hard Friedmanite or Keynesian while still accepting his regressions on the effects of interest groups on growth rates. Additionally, he doesn't take an ideological stance on whether these groups are good or bad; special interests are simply advocating for whatever is special to them, and rare is the reader who won't agree that at least some special interest groups are doing some good overall.

The ultimate implications of his book as I understand them are not so good for the US: once a society becomes encrusted to a point with groups dedicated to redirecting output towards their members e. Social Security and Medicare for the AARP, farm and energy subsidies for the folks in flyover states, the military-industrial complex in its entirety , it becomes almost impossible to dislodge them without some kind of shock to the political system equivalent to a revolution or a defeat in a war the temporary lack of interest groups is his major explanation for the rapid growth of the seemingly ruined Axis nations after World War 2.

So after political shocks, countries can experience years or decades of "catch-up" growth until coalitions start forming to argue for special treatment, and ironically fast-growing societies can sow the seeds of their own stagnation by betting that it's cheaper to buy off these coalitions rather than fight them, until lo and behold they grind to a halt. The United States has been blessed with an unusually stable political system relative to most other advanced nations, and stability is the perfect breeding ground for parasites, so even the recent recession, as traumatic as it is for average people, has made little impact on Capitol Hill where the real action and lobbying and horse-trading have continued practically uninterrupted.

This all has real consequences: if you look at a graph of American GDP growth by decade, each one is inevitably less than the one before, with the sole exception of the 90s as the Baby Boomers entered their working prime.

Lacking that irreproducible demographic bonus, and barring future technological miracles the "New Economy" of internet companies doesn't look like it's going too well , America can look forward to ever-slower growth in spite of all its other advantages like plentiful immigration and its world-class universities, simply because there are so many interest groups trying to grab goodies for themselves.

This is of course on top of other challenges like climate change, the steady evaporation of the middle class, and transnationalized businesses that don't really care about the average chump who can't afford their stuff anyway, and so it's kind of tough to see where we can go from here. However, I'm not really sure his ending arguments about the way that flexible prices operate in an era of stagflation - supposedly the climax of the book and the strongest formulation of his alternative to Keynes - is very accurate, at least with respect to the Great Recession: unemployment has doubled across the board in every industry, in every state, for every educational level, which is something that's tough to explain as the result of distributional coalitions and constrained movement between the "flexprice" versus "fixprice" sectors.

Also, a lot of his regression tests seem to have broken down completely in the intervening years this book was published in , like the relationship between state-level unionization and unemployment, which obviously considerably weakens his theory. I still think Keynes has the best foundational framework for thinking through the mechanics of recessions.

Still, it's an interesting book, even inarguably "true" in parts, and so I think it's a valuable addition to everyone's mental economics toolbox, especially the parts emphasizing how historically dependent a lot of economic theories are. Unfortunately his is too, but that's pretty much unavoidable. Economics is often nothing more than philosophy with a veneer of psychology, rather than the physics with a veneer of politics it pretends to be.

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 getting more and more political power and legislation passing that prevented competition, faster growth and development.

The author is seen as one of the key players in the development of 17 Oct. The author is seen as one of the key players in the development of the field of "public choice" economics and highly admired, justifiably so.

The things that knocked down my rating of the book were: 1. If he had explored these ideas seriously, he would not have made such a nasty and ill-informed statement about laissez-faire. So I recommend the book and it's sound thesis highly. But beware. Updated in a minor way: View 2 comments. Aug 08, Ian Robertson rated it it was amazing. 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.

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 Thomas Piketty in Capital in the Twenty-first Century used an economic approach to note that extreme divergences in wealth have historically led to civil unrest, revolution, and the collapse of regimes.

Olson uses a bottom-up approach, drawing on his earlier work in Logic to propose that the incentive and ability of groups to self-organize within a society has a growing impact over time on economic efficiency and growth. From this, he draws nine implications: 1. Stable societies with unchanged boundaries tend to accumulate more collusions and organizations for collective action over time.

Members of "small" groups have disproportionate organizational power for collective action, and this disproportion diminishes but does not disappear over time in stable societies.

The rise and decline of nations

Mancur Olson along with Milton Friedman and Michael Porter may well be one of the key figures of late 20th century economics. In some respects he is more universal in his outlook than the other two as his life's work represented in this book synthesises economics and politics in a sort of evolutionary life cycle view of societies. He probably wouldn't have liked to hear it but his ideas have a nice Taoist flavour. As a society becomes more successful, advanced and stable its institutions become more complex and invariably start to turn the favourable stability into undesirable rigidity. Legislation starts to mushroom along with the people who create and administer it and somehow the society finds that the achievements of its youth are no longer possible. He identifies various strands in this process of sclerosis, the main one here being the activity of special interest groups. As he puts it; "the larger the number of individuals or firms that would benefit from a collective good, the smaller the share of the gains from action in the group interest that will accrue to the individual or firm that undertakes the action.

Collective Choice pp Cite as. Mancur Olson is primarily regarded as a pioneer of public choice theory, but he was also keenly interested in how political and economic forces interacted to influence the historical performance of the economy and society. Unable to display preview. Download preview PDF. Skip to main content. This service is more advanced with JavaScript available.

Collective Action and Economic Growth

By Mancur Olson. New Haven: Yale University Press. MANY of the best academic economists are scientists manques.

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Mancur Olson offered us big thoughts on big subjects. Today, he might well attack the problem of climate change and the current failure of nations to act effectively. Olson would note the incentives of nations to ride free or cheaply. He would observe that climate change is an alliance problem, one where some nations have much more at stake than others.

If I Had a Hammer: Mancur Olson as an Economic Historian

The concept institutional sclerosis was first introduced by American economist and social scientist Mancur Olson , in his book The Rise and Decline of Nations , published in Olson argues that the number of interests groups within a society has a sclerotic effect on economic growth. This concept formulation builds up on Olson's previous work, the Logic of Collective Action It sets focus on the problem of Collective Action , where individuals are driven by social incentives to join collectives in concern of the provision of goods and services.

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Request PDF | The Rise and Decline of Mancur Olson's View of The Rise and The evolution of Mancur Olson's views regarding The Rise and Decline of Nations, To read the full-text of this research, you can request a copy directly from the.

The varieties of eurosclerosis : the rise and decline of nations since 1982

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То, что он увидел, больше напоминало вход в преисподнюю, а не в служебное помещение. Узкая лестница спускалась к платформе, за которой тоже виднелись ступеньки, и все это было окутано красным туманом. Грег Хейл, подойдя к стеклянной перегородке Третьего узла, смотрел, как Чатрукьян спускается по лестнице. С того места, где он стоял, казалось, что голова сотрудника лаборатории систем безопасности лишилась тела и осталась лежать на полу шифровалки.

Institutional sclerosis

Сейчас она держалась подчеркнуто сдержанно, и это пугало его еще сильнее. - Так в чем же проблема, Фил? - спросил Стратмор, открывая холодильник.

 Не существует алгоритма, не поддающегося взлому. - Нет, существует. Я видел его в Интернете. Мои люди несколько дней пытаются его взломать.

Створки с шипением разъехались в стороны. Он вошел. Сьюзан стояла перед ним, промокшая, взъерошенная, в его пиджаке, накинутом на плечи. Она выглядела как первокурсница, попавшая под дождь, а он был похож на студента последнего курса, одолжившего ей свою куртку. Впервые за многие годы коммандер почувствовал себя молодым.

The Rise and Decline of Nations


David L. 25.05.2021 at 04:34

The Rise and Decline of Nations: Economic Growth, Stagflation, and Social Rigidities. Mancur Olson. Copyright Date: Published by: Yale University Press.

Annett B. 28.05.2021 at 23:41

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