Abstract
The book "Corruption: Economics vs. myths" analyses corruption in the private and public sector with the aid of tools of economic theory. The first half of the book defines microeconomic efficiency and explains the key differences between the private and public sector in achieving it.
Special emphasis is put on the difference between technical and economic efficiency. The main conclusion is the absence of a quantifiable measure of economic efficiency in the public sector.
Authors build upon these findings in the second part of the book where they deal with different methods of fighting corruption and also offer new interpretations of corruption rankings of countries. Their analysis is also extended from bureaucratic corruption to rent-seeking.
In the appendix, purely economic analysis is enriched by findings from behavioural economics and social psychology.