By David Kreps
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Additional resources for Notes On The Theory Of Choice (Underground Classics in Economics)
Those politicians who are least able or willing to contain corruption at lower ranks may fear being ousted. The government will therefore be induced to monitor how well its members and the administration contribute to public welfare, hence disallowing shirking, laziness, and corruption.
Still some researchers display their endeavors in this area. They are willing to go into time-consuming debate and are fierce in preferring one approach to another. Such debate, however, tends to absorb much of the energy that is desperately needed elsewhere. Recognizing this, some colleagues 16 Institutional economics of corruption and reform have started to avoid definitions of corruption, claiming that most cases of corruption are unambiguously perceived by most observers. This is somewhat along the lines of Weber’s (1920: 30) definition of the spirit of capitalism.
These countries combine belief in God with the feelings of security and happiness. The authors show that a strong ‘‘survival’’ orientation contributes twice as much as a strong ‘‘traditional’’ orientation to higher levels of corruption. The authors, unfortunately, are not very concise in explaining how these dimensions are determined. They also do not control their regression for some standard variables, such as GDP per head. In light of this, the significant result for tradition appears more interesting than the one for survival, which is likely to be less significant when controlling for income per head.