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Power And Prosperity


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Table of Contents

* 1. The Logic of Power * 2. Time, Takings, and Individual Rights * 3. Coaseian Bargains, Transactions Costs, and Anarchy * 4. Rational Individuals and Irrational Societies * 5. Governance and Economic Growth * 6. The Sources of Law Enforcement and Corruption * 7. The Theory of Soviet-Type Autocracies * 8. The Evolution of Communism and Its Legacy * 9. Implications for the Transition * 10. The Kinds of Markets Needed for Prosperity

About the Author

Mancur Olson (1932-1998) was the Chair and Principal Investigator of the Center on Institutional Reform and the Informal Sector (IRIS) and Distinguished Professor of Economics at the University of Maryland. His books The Logic of Collective Action and The Rise and Decline of Nations have been translated into nine languages.


"Power and Prosperity is an important book, written with clarity and verve. It is a great misfortune that Mancur Olson is not here to respond to the debates that it will surely provoke." The Wall Street Journal

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