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Competing definitions of justice in Plato's Republic and Aristotle's Politics indicate the existence of two distinct economic systems with different normative priorities. The three-class society of the Platonic economy (guardians, auxiliaries, producers) gives rise to guardians who by virtue are...
Persistent link: https://www.econbiz.de/10011861375
Persistent link: https://www.econbiz.de/10009373066
democracy and the Russian-Orthodox monastery as the collective of dictatorship. Assuming a collectivist economy, I solve the …
Persistent link: https://www.econbiz.de/10010189314
We present a simple model, illustrating how democracy may improve the quality of the economic institutions. The model … further suggests that institutional quality varies more across autocracies than across democracy and that the positive effect …
Persistent link: https://www.econbiz.de/10013342090
Recent empirical work has established that 'democracy causes growth'. In this paper, we determine the underlying … institutions which drive this relationship using data from the Varieties of Democracy project. We sketch how incentives and … institutions, as witnessed recently in many countries, may jeopardise the perpetual growth effect of becoming a liberal democracy …
Persistent link: https://www.econbiz.de/10014334859
We provide a comprehensive overview of the literature on the measurement of democracy and present an extensive update … improvements are particularly notable: First, we produce a continuous and a dichotomous version of the Machine Learning democracy … conceptualization of the Machine Learning Index. Finally, we largely expand the data coverage by providing democracy indicators for 186 …
Persistent link: https://www.econbiz.de/10012431822
How do the media affect public support for democratic institutions in a fragile democracy? What role do they play in a … access to radio. This effect was reversed during the campaign for the last competitive election as a result of the pro- Nazi … radio broadcast following Hitler's appointment as German chancellor. During the consolidation of dictatorship, radio …
Persistent link: https://www.econbiz.de/10010512027
We study the causal relationship between moral values ("ought" statements) and factual beliefs ("is" statements) and show that, contrary to predictions of orthodox Bayesian models, values exert an influence on beliefs. This effect is mediated by prior political leanings and, thus, contributes to...
Persistent link: https://www.econbiz.de/10012793076
Why do politicians sometimes pursue policies with uncertain outcomes? We present a model in which politicians are unable to pre-commit to a status quo policy, and where investors and voters face a conflict over the division of output. Politicians may deviate from the status quo and pursue risky...
Persistent link: https://www.econbiz.de/10012173547
We compile biographical information on more than 5,000 Prussian politicians and exploit newly digitized administrative data to examine whether landowning and landless elites differ in the extent to which they support health infrastructure projects. Using exogenous variation in soil texture, we...
Persistent link: https://www.econbiz.de/10012314808