Birthdate: January 22, 1932
Sun Sign: Aquarius
Birthplace: Grand Forks
Died: February 19, 1998
Mancur Olson Jr. was a distinguished American economist and political scientist known for his influential contributions to the field of new institutional economics. As a professor at the University of Maryland, College Park, Olson’s research focused on the significance of private property, taxation, public goods, collective action, and contract rights in fostering economic development. His work underscored the crucial role of institutions in influencing economic results, offering valuable perspectives on collective decision-making dynamics and the effects of incentives on individual behavior in societies.
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