During the same period in which political decisions became increasingly indistinguishable from decisions about science and technology, science and technology became increasingly incomprehensible to all but a few specialists. Maintaining a healthy participatory democracy under such conditions...

This paper analyzes whether political outcomes in local democracies are determinedby the preferences of the median -typically poor- agents or whether they reflect thewishes of the wealthy elites. A model shows that when politicians belonging to differentgroups can form coalitions, the wealthy...

This paper tests whether education levels di¤er between leadersselected in autocracies and democracies. We use a unique data seton over 1300 world leaders between 1848 and 2004 and exploit withincountry variation from transitions to and from democracy to show thatdemocracies pick more highly...

This paper explores these issues further by reconsidering the link between democracy and health using panel data from a cross-section of countries. The data show a strong (conditional) correlation between life expectancy and democracy. This relationship is strongest for the decades of the 1960s...

The theme of this year's WDR is how to structure institutions to bring about an effectively functioning market economy. There is no question that political institutions play a key role here. In most countries political institutions determine the rules of access to considerable discretionary...

The Great War of 1914-18 constituted a major rupture for the economies of Europe in several respects. It marked the end of almost a century of uninterrupted economic growth. It ended a long period of near-universal currency stability, and set in motion a painful process of de-globalisation. It...

This article examines the hypothesis that in the “Third Reich”, bureaucratic agencies engaged in economic policies competed with each other. First, a model of competition is constructed whose predictions are then compared with actual political processes in Nazi Germany. This shows that the...

Economics has always had two connected faces in its Western tradition. In Adam Smith's eighteenth century, as in John Stuart Mill's nineteenth, these might be described as the science of political economy and the art of economic governance. The former aimed to describe the workings of the...