Power and Prosperity: Outgrowing Communist and Capitalist Dictatorships
Article from: OGEL 1 (2003), in Book Reviews and Related Material
Mancur Olson
Basic Books, New York, 2000, paperback. ISBN: 0-465-05196-0, 272 pages, bibliography, index. USD 18.00 When Communism collapsed, the recipe for developing a functioning market economy seemed easy. The international economic institutions, Western government advisers and numerous Western economists had one clear recipe – privatise the former state-owned enterprises, introduce markets and copy Western laws and institutions. The only major difference between them was whether this should be done incrementally or through ‘shock therapy’, as then propagated ...