<< 1 >>
Rating: 
Summary: Power groups disected
Review: In this extremely well written book Mancur Olson applies his Noble Price winning 'Logic of Collective Action' to the real world. It tries to give a partial answer to the question: why do some countries get rich and others do not? Well: power groups emerge and make a society rigid. The society cannot properly respond to changes anymore. The theory is applied to a very large number of nations throughout recorded histrory: from ancient China and caste India to apartheid South Africa and post-industrial-revolution England. The only country/nation throughout the entire human histry he admids he has trouble understanding with this great theory is France. Read it!
Rating:
Summary: A classic in the world of political economy.....
Review: It surprises me that I haven't reviewed this book..... Anyway, this is one of the classic works on political economy: it builds on the Olson's earlier (and perhaps even better work) 'The Logic of Collective Action' using the logic contained therein to explain why and how different societies have prospered (and declined....) at certain stages in the world's or there own development.Without writing a short book report for the undergraduate readers of this book, countries he examines are spread across the world; much of his thesis hinges on post-WWII comparisons of the US against Japan and Germany.... For prospective readers of Olson's work: first, I would start with 'The Logic...' BEFORE you read this, though a reading of this book would not be compromised by not having done so. His newer book 'Power and prosperity...' can be safely avoided (it's kinda expensive as it is still only out in hardcover...) having read both of these; you could then waste your political economy-budgeted money on either the works of Douglass North ('Structure and Change in Economic History';'The Rise of the West), Karl Polyani ('The Great Transformation'), or, well, Hemingway or Fitzgerald or something fun to read..... I do highly recommend this book. Any student of foreign affarirs, politics at any level (though people who don't do IR or comparative stuff might benefit more from 'The Logic...'), economists, or students of history. Perhaps even to more general readers.....
Rating:
Summary: An excellent study with plenty of applications.
Review: Olson does a stellar job "proving" his theory using accepted scientific standards. His main thesis is that stable societies, over time, will be stifled by a steady growth of groups each committed to obtaining a disproportionate amount of society's goods. This theory, composed of only nine implications, is parsimonious with wide explanatory power. It helps to explain the post-war growth of coutries such as Japan and Germany, while providing a reason why the growth rates of the United States, and especially Great Britain, have been stagnated. Perhaps the most interesting chapter of the book is the last, in which Olson merges both Keynesianism and monetarism to form a new theory of macroeconomics. By using his theory, he is able to better explain involuntary unemployment than either of the more popular schools of macroeconomic theory. I was amazed at how many phenomena, such as slavery and the Indian caste system, can be at least partially explained by Olson's theory. Anyone seriously interested in knowing the way the world works will want to give this theory substantial consideration.
Rating:
Summary: Elegant Theory Elegantly Presented
Review: Professor Olson describes a wide range of social/economic structures and processes (unions, big government, high and rising taxes, regulation, monopolies, etc.) that characterize most economies but more so the aging economies of Western Europe (This book was written before the unification of eastern and western Europe). He then proceeds to show us what these all have in common: They each, together and with time, contribute in increasingly slowing down and stifling a nation's economy. Reading this book leads one to see that the USA is also involved in a similar progression, albeit at an earlier stage. I first read this book as an Economics student about 15 years ago. I enjoyed it tremendously. I also learned from it. His clear and powerful conveyance of concepts have kept the ideas with me. He explains the economics simply yet completely. One need not have studied Economics to follow him. I highly recommend this book. Even though the author's forescast is gloomy, his book is brilliant. Sherry S.
Rating:
Summary: A parsimonious argument.
Review: When I picked up this book to begin reading it, I was quite frankly nervous. I'd heard it recommended in so many places that I wanted to read it, but I am not an economist and so was not sure that I was going to be able to follow the arguments that it laid out.
While I'm certainly not going to claim that I understood everything, I think that I did manage to follow the majority of Olson's points. Furthermore, I believe that this owes more to the lucid and well-structured nature of the book than it does to me being blessed with any unusual intelligence.
_The Rise and Decline of Nations_ begins with an explanation of the questions that the book will explore and sets the standards for the consideration of a satisfactory answer. It then works out the logic of the offered argument and breaks that argument down into 9 well-described implications. It then goes on to test and explain that logic and those implications. Olson does a wonderful job of providing adequate support the concepts that he introduces, even to the point of pointing out areas where non-economists might have special trouble or require further information. As a result of all his hard work, the book has the feeling of being exactly as long as it needs to be, and no longer.
I was certainly convinced by his arguments about how special interest groups affect economic growth. I understood why he was unwilling to take it farther into the area of policy, but couldn't help but wonder what the eventual policy implications would be, assuming that his theory is further tested and developed.
I thoroughly enjoyed reading it, and recommend it wholeheartedly.
Rating:
Summary: A parsimonious argument.
Review: When I picked up this book to begin reading it, I was quite frankly nervous. I'd heard it recommended in so many places that I wanted to read it, but I am not an economist by training and so was not sure that I was going to be able to follow the arguments that it laid out. While I'm certainly not going to claim that I understood everything, I think that I did manage to follow the majority of Olson's points. Furthermore, I believe that this owes more to the lucid and well-structured nature of the book than it does to me being blessed with any unusual intelligence. _The Rise and Decline of Nations_ begins with an explanation of the questions that the book will explore and sets the standards for the consideration of a satisfactory answer. It then works out the logic of the offered argument and breaks that argument down into 9 well-described implications. It then goes on to test and explain that logic and those implications. Olson does a wonderful job of providing adequate support the concepts that he introduces, even to the point of pointing out areas where non-economists might have special trouble or require further information. As a result of all his hard work, the book has the feeling of being exactly as long as it needs to be, and no longer. I was certainly convinced by his arguments about how special interest groups affect economic growth. I understood why he was unwilling to take it farther into the area of policy, but couldn't help but wonder what the eventual policy implications would be, assuming that his theory is further tested and developed. I also found myself wondering if this argument would work in the same way *within* a corporation and whether it might say something about reorganisation and restructuring exercises. I thoroughly enjoyed reading it, and recommend it wholeheartedly.
<< 1 >>
| 
