Thursday, October 22, 2009

Blockquoting X

X = Mancur Olson, The Rise and Decline of Nations:
Special-interest groups also slow growth by reducing the rate at which resources are reallocated from one activity or industry to another in response to new technologies or conditions. One obvious way in which they do so is by lobbying for bail-outs of failing firms, thereby delaying or preventing the shift of resources to areas where they would have a greater productivity (1982, 63-64).

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