Using a new set of micro evidence from an original survey of 28 transition countries, we show that democracy increases citizens' support for the market by guaranteeing income redistribution to inequality-averse agents. Our identification strategy relies on the restriction of the sample to...

The article presents an empirical study of the legitimation of the market economy in the public sphere and examines whether criticism of the market economy has increased as a result of the euro crisis. The research results support the hypothesis of a transformation of the legitimacy basis for...

This new collection critically examines the new global policy of 'good governance'. This catchphrase of aid policy and development thinking has been the subject of too little analysis to date. This book redresses the balance. It places the prefix 'good', and exactly what that means, under the...

Divestment ist eine Untergruppe nachhaltigkeitsorientierter Finanzstrategien. Absicht von Divestment ist es, die zum Unternehmenssektor gehörenden Förderer und Nutzer fossiler Brennstoffe so-zial zu brandmarken, um sie zu einem Verzicht auf diese Aktivitäten zu zwingen. Im vorliegenden...

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...