Showing results 1 - 2 of 2
| James Robinson
The Political Economy of Clientelism. James Robinson, 2013, Paper. "In this paper, we argue that the political-commitment problem provides an explanation for why much income redistribution takes an inefficient form, particularly employment in the public sector. A job is a credible way of redistributing when it provides rents (such as in situations with moral hazard), and employment is optimal ex post. Moreover, a job is selective and reversible…
| James Robinson
Why Nations Fail: The Origins of Power, Prosperity, and Poverty. James Robinson, March 2012, Book. Publisher's description: "Brilliant and engagingly written, Why Nations Failanswers the question that has stumped the experts for centuries: Why are some nations rich and others poor, divided by wealth and poverty, health and sickness, food and famine? Is it culture, the weather, geography? Perhaps ignorance of what the right policies are? Simply,…