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Corruption and Reform: Lessons from America's Economic History
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Corruption and Reform: Lessons from America's Economic History

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4.25  ·  Rating Details ·  4 Ratings  ·  1 Review
Despite recent corporate scandals, the United States is among the world’s least corrupt nations. But in the nineteenth century, the degree of fraud and corruption in America approached that of today’s most corrupt developing nations, as municipal governments and robber barons alike found new ways to steal from taxpayers and swindle investors. In Corruption and Reform, cont ...more
Hardcover, 384 pages
Published April 14th 2006 by University Of Chicago Press
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Frank Stein
Apr 29, 2009 Frank Stein rated it really liked it
A great collection of essays from a 2004 economics conference which ask why the US changed from one of the putatively most corrupt nations on earth to one of the most transparent. The motivating though oft unspoken question here is whether corrupt third world nations today can do the same and enjoy the same kind of success and growth.

Rebecca Menes's article on "Graft and Growth" actually shows that the US was not quite as corrupt as some claimed. Although there were certainly patronage issues an
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Professor of Economics, Harvard University
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