Governing For Prosperity
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Governing for Prosperity
Author: Bruce Bueno de Mesquita
language: en
Publisher: Yale University Press
Release Date: 2000-07-11
How do political institutions help promote prosperity in some countries and poverty in others? What can be done to encourage leaders to govern not for patronage but for economic growth? In this book, such distinguished political economists as Douglass North, Robert Barro, and Stephen Haber answer these questions, providing a solution to one of the most important policy puzzles of the new century: how to govern for prosperity. The authors begin from a premise that political leaders are self-interested politicians rather than benign agents of the people they lead. When leaders depend on only a few backers to stay in power, they dole out privileges to those people, thereby dissipating their country’s total resources and national growth potential. On the other hand, leaders who need large coalitions to stay in office implement policies that generally foster growth and political competition over ideas. The result is that those who promote policies that lead to stagnation tend to stay in office for a long time, and those who produce prosperity tend to lose their jobs. Analyzing countries in North and South America and Asia, the authors discuss the range of political regimes that permit or even encourage leaders to rule by mismanaging their nation’s resources. And they show that nations must forge institutions that allow all social groups to participate in and benefit from the economy as well as force political leaders to be responsible for policy outcomes.
You Know I'm Right
Author: Michelle Caruso-Cabrera
language: en
Publisher: Simon and Schuster
Release Date: 2010-10-05
Straight-talking CNBC reporter Michelle Caruso-Cabrera demands a modern solution to our nation’s social and economic woes—a return to our political roots: fiscal conservatism, limited government, and personal accountability. Hypocrites and radicals on both sides of the political spectrum have left fiscally conservative, socially liberal Americans like CNBC’s Michelle Caruso-Cabrera people without a party. If you tell your neighbors you’re a card-carrying Republican, they’ll assume you’re opposed to abortion, hostile to gay marriage, and don’t care about the environment or the poor. Democrats are portrayed as union-loving, tree-hugging activists, more concerned with making government big rather than effective. The reality is that both parties have been hijacked by the wrong issues and have abandoned the loyal Americans who believe that government should stay out of our private lives and out of our pocketbooks. Both parties are to blame for the exorbitant spending and excessive social interference over the last ten years that have left our country in a financial disaster. The core principles of Reaganomics rejuvenated an unstable economy and the Clinton-era policy successes took power away from the federal government and put money in our pockets. We must return to the fundamentals of American politics: small, not big, government. Less spending, not more. The first step is to more narrowly define the parties’ platforms away from needlessly divisive social issues and refocus the political discussion on that really matters: economic policies that create jobs. In the smart, tell-it-like-it-is style that has made her popular with Democrats and Republicans like, Caruso-Cabrera outlines forward-thinking free-market solutions for health care, education, and immigration. These ideas will stop our growing deficit, boost our competitive capital, and strengthen our dollar, because an economy that is flexible and free of government interference can grow faster and get the country out of its current malaise. It’s not too late to fix our nation, restore our credibility, and rebuild our political system with the tenets on which it was founded: fiscal conservatism and social liberty. Our future is counting on it.
Pillars of Prosperity
Author: Timothy Besley
language: en
Publisher: Princeton University Press
Release Date: 2011-08-28
How nations can promote peace, prosperity, and stability through cohesive political institutions "Little else is required to carry a state to the highest degree of opulence from the lowest barbarism, but peace, easy taxes, and a tolerable administration of justice; all the rest being brought about by the natural course of things." So wrote Adam Smith a quarter of a millennium ago. Using the tools of modern political economics and combining economic theory with a bird's-eye view of the data, this book reinterprets Smith's pillars of prosperity to explain the existence of development clusters—places that tend to combine effective state institutions, the absence of political violence, and high per-capita incomes. To achieve peace, the authors stress the avoidance of repressive government and civil conflict. Easy taxes, they argue, refers not to low taxes, but a tax system with widespread compliance that collects taxes at a reasonable cost from a broad base, like income. And a tolerable administration of justice is about legal infrastructure that can support the enforcement of contracts and property rights in line with the rule of law. The authors show that countries tend to enjoy all three pillars of prosperity when they have evolved cohesive political institutions that promote common interests, guaranteeing the provision of public goods. In line with much historical research, international conflict has also been an important force behind effective states by fostering common interests. The absence of common interests and/or cohesive political institutions can explain the existence of very different development clusters in fragile states that are plagued by poverty, violence, and weak state capacity.