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The Myth of Democratic Failure
Donald A. Wittman
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Description for The Myth of Democratic Failure
Paperback. A text seeking to refute one of the cornerstone beliefs of economics and political science: that economic markets are more efficient than the processes and institutions of democratic government. Series: American Politics & Political Economy S. Num Pages: 230 pages, 13 figures, 1 table. BIC Classification: JPHV; KCP. Category: (P) Professional & Vocational; (UP) Postgraduate, Research & Scholarly; (UU) Undergraduate. Dimension: 154 x 224 x 15. Weight in Grams: 358.
This is a text seeking to refute one of the cornerstone beliefs of economics and political science: that economic markets are more efficient than the processes and institutions of democratic government. The author first considers the characteristic of efficient markets - informed, rational participants competing for well-defined and easily transferred property rights - and explains how they operate in democratic politics. He then analyzes how specific political institutions are organized to operate efficiently. "Markets" such as the the Congress in the United States, bureaucracies, and pressure groups, the author asserts contribute to efficient political outcomes. He also provides a theory ... Read more
This is a text seeking to refute one of the cornerstone beliefs of economics and political science: that economic markets are more efficient than the processes and institutions of democratic government. The author first considers the characteristic of efficient markets - informed, rational participants competing for well-defined and easily transferred property rights - and explains how they operate in democratic politics. He then analyzes how specific political institutions are organized to operate efficiently. "Markets" such as the the Congress in the United States, bureaucracies, and pressure groups, the author asserts contribute to efficient political outcomes. He also provides a theory ... Read more
Product Details
Format
Paperback
Publication date
1997
Publisher
The University of Chicago Press United States
Number of pages
230
Condition
New
Series
American Politics & Political Economy S.
Number of Pages
240
Place of Publication
, United States
ISBN
9780226904238
SKU
V9780226904238
Shipping Time
Usually ships in 7 to 11 working days
Ref
99-50
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