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| Title Details: | |
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Vikings in Greece |
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| Other Titles: |
Rent-seekers against collective interest |
| Authors: |
Pelagidis, Theodoros |
| Reviewer: |
Chionis, Dionysios |
| Subject: | LAW AND SOCIAL SCIENCES > ECONOMIC SCIENCES > MACROECONOMICS AND MONETARY ECONOMICS LAW AND SOCIAL SCIENCES > ECONOMIC SCIENCES > PUBLIC ECONOMICS |
| Keywords: |
The Greek Economy
Economic Crisis Economic Growth Structural Reforms Fiscal Balance |
| Description: | |
| Abstract: |
In this chapter, we argue that the, numerous, rent seeking groups in Greece curtail competition in the product and services markets, increase red tape and administrative burdens and actively seek to establish opacity in all administrative and legal processes in order to form an environment in which they will be able to increase the rents they extract. At the same time, they actively stride to ensure that the rule of law fails to such an extent that the society will not be able to hold them accountable for their actions. We finally argue that certain salient aspects of the design of the Greek political system suggest why Greek politicians are unable to champion reforms and effectively confront the designs of these predatory interest groups.
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| Table of Contents: |
2.1 Introduction
2.2 The options of "exit" and "voice" as conditions of reforms 2.3 The obstacles of reforms in Greece 2.3.1 Veto powers in the political system 2.3.2 The roots of compartmentalisation 2.3.3 The Greek reality and interpretations 2.3.4 The rational, invisible "re-distributive groups", the political elite and the "hollow state" with steel teeth ... 2.4 Directions for reform policies in a rent-seeking society 2.5 Players and the game: economic analysis of the reform inertia in the Greek economy 2.5.1 Introduction 2.5.2 The players and the game 2.5.2.1 Strong vested interests: The rentiers Vikings 2.5.2.2 The ignorant and misinformed voters 2.5.2.3 The media and the principal-agent problem 2.5.4 The State as a loot to rent-seekers 2.5.2.5 Failure of mandate holders (legislative-political) 2.5.3 The institutional failure and the representatives 2.5.4 Considerations for 'rebooting' the system 2.5.5 The Technology of reforms Annex |
| Technical Editors: |
Chryssos, Vassilis |
| Type: |
Chapter |
| Creation Date: | 2015 |
| Item Details: | |
| License: |
http://creativecommons.org/licenses/by-nc-nd/3.0/gr |
| Handle | http://hdl.handle.net/11419/1182 |
| Bibliographic Reference: | Pelagidis, T. (2015). Vikings in Greece [Chapter]. In Pelagidis, T. 2015. Analysis of the Greek Economy [Undergraduate textbook]. Kallipos, Open Academic Editions. https://hdl.handle.net/11419/1182 |
| Language: |
Greek |
| Is Part of: |
Analysis of the Greek Economy |
| Number of pages |
37 |
| Publication Origin: |
Kallipos, Open Academic Editions |