Read The Security Factor in the Political Economy of Development

The Security Factor in the Political Economy of Development

Martin C. McGuire

4.9/5 (22550 ratings)

Description:Whenever the fruits of economic production can be stolen or expropriated, predators will be active unless dissuaded by defensive actions of the producers. That is, every economic asset will be protected or else it will be eroded by theft (Tullock, 1967; and Barzel, 1993). It follows that every producer and every society must choose between direct productive allocation of its resources and reservation of some of those resources to protection of that production. Study of the structure of such allocation between provision and protection has come to be known as the economics of ongoing conflict (Hirshleifer, 1987, 1988, 1991, 1994, 1995). From this perspective, resources allocated to defense or to security are indeed themselves no less productive than resources allocated to direct provision, and examples of the blessings of such security at the individual, local, and national levels are commonplace.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with The Security Factor in the Political Economy of Development. To get started finding The Security Factor in the Political Economy of Development, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

Pages: 42

Format: PDF, EPUB & Kindle Edition

Publisher: International Monetary Fund

Release: 1998

ISBN: 1283555778

Description: Whenever the fruits of economic production can be stolen or expropriated, predators will be active unless dissuaded by defensive actions of the producers. That is, every economic asset will be protected or else it will be eroded by theft (Tullock, 1967; and Barzel, 1993). It follows that every producer and every society must choose between direct productive allocation of its resources and reservation of some of those resources to protection of that production. Study of the structure of such allocation between provision and protection has come to be known as the economics of ongoing conflict (Hirshleifer, 1987, 1988, 1991, 1994, 1995). From this perspective, resources allocated to defense or to security are indeed themselves no less productive than resources allocated to direct provision, and examples of the blessings of such security at the individual, local, and national levels are commonplace.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with The Security Factor in the Political Economy of Development. To get started finding The Security Factor in the Political Economy of Development, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

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The Security Factor in the Political Economy of Development

The Security Factor in the Political Economy of Development

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