In a series of works beginning with his 1993 article Dictatorship, Democracy, and Development, Mancur Olson lays out his theory of the stationary bandit. The idea is simple enough. A roving bandit has an incentive to loot, to take everything he can. A bandit who is going to be around a while has an incentive [...]

Tags: Democracy Index, Dictatorship Democracy and Development, EIU, Heritage, Index of Economic Freedom, Olson, political economy, stationary bandit, taxation
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