Author(s): James Morrow, Bruce Bueno de Mesquita, Alastair Smith, Randolph M. Siverson
The authors of this ambitious book address a fundamental political question: why are leaders who produce peace and prosperity turned out of office while those who preside over corruption, war, and misery endure? Considering this political puzzle, they also answer the related economic question of why some countries experience successful economic development and others do not. The authors construct a provocative theory on the selection of leaders and present specific formal models from which their central claims can be deduced. They show how political leaders allocate resources and how institutions for selecting leaders create incentives for leaders to pursue good and bad public policy. They also extend the model to explain the consequences of war on political survival. The authors conclude by presenting policy prescriptions based on what has been demonstrated theoretically and empirically (MIT Press).
Publisher: MIT Press
Year of Publication: 2003