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      Handbuch Sozialpolitik 

      Sozialpolitik in Demokratien und Autokratien

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      Springer Fachmedien Wiesbaden

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          The World Economy

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            The Logic of Political Survival

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              Dictatorship, Democracy, and Development.

              Under anarchy, uncoordinated competitive theft by “roving bandits” destroys the incentive to invest and produce, leaving little for either the population or the bandits. Both can be better off if a bandit sets himself up as a dictator—a “stationary bandit” who monopolizes and rationalizes theft in the form of taxes. A secure autocrat has an encompassing interest in his domain that leads him to provide a peaceful order and other public goods that increase productivity. Whenever an autocrat expects a brief tenure, it pays him to confiscate those assets whose tax yield over his tenure is less than their total value. This incentive plus the inherent uncertainty of succession in dictatorships imply that autocracies will rarely have good economic performance for more than a generation. The conditions necessary for a lasting democracy are the same necessary for the security of property and contract rights that generates economic growth.
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                2019
                February 27 2019
                : 235-254
                10.1007/978-3-658-22803-3_13
                b164815f-025f-4819-8546-64feca1993b2
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