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ECONOMIC GANGSTERS - Gripping New Book by Ray Fisman and Ted Miguel


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© Business Wire 2008
2008-10-15 18:52:01 -

- Princeton University Press In North America: Andrew DeSio, 609-258-5165 Fax: 609-258-1335 andrew_desio@press.princeton.edu or In Europe, Africa & Middle East: Caroline Priday, 1993-814-506 Fax: 1993-814-504 cpriday@pupress.co.uk Meet the economic gangster. He's the United Nations diplomat who double-parks his Mercedes on New York City streets at rush hour because the cops can't touch him--he has diplomatic immunity. He's the Chinese smuggler

who dodges tariffs by magically transforming frozen chickens into frozen turkeys. The dictator, the warlord, the unscrupulous bureaucrat who bilks the developing world of billions in aid. The calculating crook who views stealing and murder as just another part of his business strategy. And, in the wrong set of circumstances, he might just be you.

In ECONOMIC GANGSTERS: Corruption, Violence, and the Poverty of Nations (Publication Date, October 15, 2008; $24.95), Raymond Fisman and Edward Miguel take readers into the secretive, chaotic, and brutal worlds inhabited by these lawless and violent thugs. Join these two sleuthing economists as they follow the foreign aid money trail into the grasping hands of corrupt governments and shady underworld characters. Spend time with ingenious black marketeers as they game the international system. Follow the steep rise and fall of stock prices of companies with unseemly connections to Indonesia's former dictator. See for yourself what rainfall has to do with witch killings in Tanzania--and more.

Fisman and Miguel use economics to get inside the heads of these "gangsters," and propose solutions that can make a difference to the world's poor--including cash infusions to defuse violence in times of drought, and steering the World Bank away from aid programs most susceptible to corruption.

"Rarely has a book on economics been this fun and this important."

-- Steven D. Levitt, coauthor of Freakonomics

"I already knew Fisman and Miguel were the best and the brightest in the new generation of development economists. Now I know they are great writers--and great detectives. They find ingenious ways to get inside the issues of corruptions and violence that leave behind the tired analyses of the past. It's a lively tale that nobody concerned about world poverty or violence can afford to miss."

-- William Easterly, author of The White Man's Burden

About the Authors:

Raymond Fisman is the Lambert Family Professor of Social Enterprise and research director of the Social Enterprise Program at Columbia Business School. He is a columnist for Slate. Edward Miguel is associate professor of economics and director of the Center of Evaluations for Global Action at the University of California, Berkeley. Please fax or email requests for review copies on company letterhead. Be sure to include the title, author, ISBN number, as well as the address of the person to whom the book should be sent.

Violence, Corruption and Poverty - It's Just Business as Usual


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