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yields the emerging need for economocracy as a premium democracy, serving with that way social stability. The economic system … crises, and interest rates. Economocracy is the proportional system of Democracy in a political view, in the case of the … economy. It is the only economic system that supports pure Democracy and can face global dept, healthcare problems, third …
Persistent link: https://www.econbiz.de/10014237290
financial and physical capital, it has been suggested that democracy is a necessary but insufficient condition for economic … for 161 countries. The results of this analysis support the idea that democracy acts indirectly through economic freedom … to enhance prosperity. The causal relationships between democracy, economic freedom, and prosperity are self-perpetuating …
Persistent link: https://www.econbiz.de/10012724317
We usually consider it progress when a country begins to shift from an autocratic to a democratic form of government …. However, the introduction of elections and other early trappings of democracy often has the perverse effect of exacerbating … democracy and capitalism--is to move to a governance structure based on impersonal rules that apply in the same way to everyone …
Persistent link: https://www.econbiz.de/10015072872
a market economy requires sustained restrictions on democracy – the rule of law, strong property rights, and enforcement … – make constitutions more likely to survive. Democratic theorists who value unfettered democracy but who also value … also less stable. Further, countermajoritarian provisions are often necessary to the instantiation of democracy as …
Persistent link: https://www.econbiz.de/10014134008
executive remuneration and financial-sector remuneration, coupled with government bailouts in the global financial crisis, and …
Persistent link: https://www.econbiz.de/10012657851
executive remuneration and financial-sector remuneration, coupled with government bailouts in the global financial crisis, and …
Persistent link: https://www.econbiz.de/10013216181
The empirical literature is inconclusive about whether a country's democratization goeshand in hand with a reallocation of economic resources. With newly available individual-leveldata of former residents of the socialist German Democratic Republic (GDR), we analyzehow supporters and opponents...
Persistent link: https://www.econbiz.de/10013321749
socialism into today's market-based democracy. Applying random effects models, the results reveal that the transition reduced …
Persistent link: https://www.econbiz.de/10012264237
We model how the interplay between tax surveillance institutions and civic capital shapes taxpayers’ support for welfare state. We show that, when tax surveillance is tight, rational civic-minded individuals express greater support for welfare spending than uncivic ones. We provide empirical...
Persistent link: https://www.econbiz.de/10011785076
Over the course of a quarter of a millennium industrial capitalism has emerged from four deep recessions brought on by the bursting of commodity bubbles to achieve sustained economic growth by instituting progressive policies. These policies promote market success by reinforce entrepreneurial...
Persistent link: https://www.econbiz.de/10014136778