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Keyword: andreishleifer

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  • The Curley Effect: Using Redistributive Politics to Shape a Left-Wing Electorate

    04/08/2013 1:30:27 PM PDT · by newheart · 5 replies
    n a famous 2002 article in the Journal of Law, Economics, & Organization, Harvard scholars Edward Glaeser and Andrei Shleifer named the so-called “Curley Effect” after its prototype, James Michael Curley, who served four (non-consecutive) terms as mayor of Boston between 1914 and 1950. This phenomenon, the authors explain, is the strategy of “increasing the relative size of one’s political base through distortionary, wealth-reducing policies.” Forbes magazine puts it this way: “A politician or a political party can achieve long-term dominance by tipping the balance of votes in their direction through the implementation of policies that strangle and stifle economic...
  • Looting Russia's Free Market

    08/16/2002 7:13:59 AM PDT · by Stand Watch Listen · 14 replies · 393+ views
    INSIGHT magazine ^ | August 12, 2002 | Kelly Patricia O'Meara
    Americans are becoming only too aware of the financial tricks and deceit in which some of the nation's largest and most respected corporations engaged during the Clinton administration to pump up stock prices with fraudulently inflated profits. When the huge bubble no longer could be sustained the men and women at the top would bail out of their stock and pocket millions, leaving pensioners and other investors holding an empty bag. To market insiders these are known as "pump and dumps." While federal investigators are looking into the corporate malfeasance at Enron, WorldCom, Qwest Communications, AOL Time Warner and...