International Journal of Business and Social Science

ISSN 2219-1933 (Print), 2219-6021 (Online) DOI: 10.30845/ijbss

Comparison between North and Olson's Theory of State and Its Enlightenment to the Formulation of Industrial Policy
LIU Ling

This article summarizes the main contents of the national theory of the two masters of economics, D.G. North and Mancurīƒ— Olsonand compares the similarities of their national theories, mainly compares the origin of the country, the nature of the state of violence, the nature of the ruler's self-interest, the relationship between state power and economic development and other aspects of the same, and further comments on their different views on some of the main points of view and practical significance. Finally, some suggestions are put forward when formulating a national industrial policy.

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