The deeper causes of Britain?s economic stagnation

Mancur Olson is best known for his 1965 book, The Logic of Collective Action, in which he explained why small, concentrated interest groups are more likely to influence policy than large, dispersed groups. Olson’s work, together with that of other public choice theorists, exposed the mechanisms by which interest groups obtain special privileges from government, enabling them to extract ‘rent’ from the wider population.

Read the full blog post here

Source: http://www.iea.org.uk/blog/the-deeper-causes-of-britain%E2%80%99s-economic-stagnation

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