The Rise and Decline of Nations : Economic Growth, Stagflation, and Social Rigidities

A compelling theory on the rationale for the changing fortunes of nations

“A canonical account of how economies become less flexible and dynamic as they age. . . . Today, as the U.S. limps from crisis to crisis, amid slow productivity growth, high inequality, and increasing political dysfunction, Olson’s critique feels urgently relevant.”—Walter Frick, Harvard Business Review