Two Kinds of Corruption
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Submitted by sneakin on Sat, 2006/06/24 - 13:21.
Government
It looks like I wasn't to far off in Band-Aids Don't Cure the Wound. While scanning over Cato-at-liberty, I came across a post that described two kinds of corruption:
David Osterfeld discussed two kinds of corruption [in his book]. As John Mukum Mbaku explains, Osterfeld “argued that in a heavily regulated economy, one can find two distinct types of corruption: ‘expansive corruption,’ which involves activities that improve the competitiveness and flexibility of the market; and ‘restrictive corruption,’ which limits opportunities for productive and socially beneficial exchange.”
Those are basically two that I came up with. I did have a third: the hand-out.
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