THE INSTITUTIONAL ECONOMICS OF CORRUPTION AND REFORM by Johann Graf Lambsdorff ( 9780521872751 )

Item Details

Title:

THE INSTITUTIONAL ECONOMICS OF CORRUPTION AND REFORM
THEORY, EVIDENCE AND POLICY

By:

Johann Graf Lambsdorff

Format:

Hardback

List price:

£100.00

Our price:

£87.50

Discount:

12.5% off

You save:

£12.50

ISBN 10:

0521872758

ISBN 13:

9780521872751

Availability:

Usually dispatched within 3-5 days.

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Stock:

Currently 1item in stock

Publisher:

CAMBRIDGE UNIVERSITY PRESS

Pub. date:

8 March, 2007

Pages:

304

Description:

This book shows how institutional economics can be used to better understand corruption and reform.

Synopsis:

Corruption has been a feature of public institutions for centuries yet only relatively recently has it been made the subject of sustained scientific analysis. Lambsdorff shows how insights from institutional economics can be used to develop a better understanding of why corruption occurs and the best policies to combat it. He argues that rather than being deterred by penalties, corrupt actors are more influenced by other factors such as the opportunism of their criminal counterparts and the danger of acquiring an unreliable reputation. This suggests a novel strategy for fighting corruption similar to the invisible hand that governs competitive markets. This strategy - the 'invisible foot' - shows that the unreliability of corrupt counterparts induces honesty and good governance even in the absence of good intentions. Combining theoretical research with state-of-the-art empirical investigations, this book will be an invaluable resource for researchers and policy-makers concerned with anti-corruption reform.

Illustrations:

5 b/w illus. 8 tables

Publication:

Imprint:

Cambridge University Press

Returns:

Returnable

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