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credentials and legitimacy. The normative appraisal depends on the conception of democracy adopted. While critics frequently … espouse a majoritarian conception, this paper argues that it is too thin of a model of democracy. Alternatively, it argues … that a pluralistic conception of liberal democracy is thicker, and truer to the fundamental values of liberty and political …
Persistent link: https://www.econbiz.de/10014346566
This year marks the sixtieth anniversary of the book that established the field of public choice – The Calculus of Consent by James M. Buchanan and Gordon Tullock. The year is also the thirtieth anniversary of Elinor Ostrom’s “Covenants With and Without a Sword,” in which she...
Persistent link: https://www.econbiz.de/10013294171
The Homo economicus of traditional economics is far from being completely self-interested, rational, or as individualistic as he is purported to be; he will haggle to death over price but will not take what he wants by force. Implicitly, he is assumed to behave ruthlessly within a welldefined...
Persistent link: https://www.econbiz.de/10001750260
The Homo economicus of traditional economics is far from being completely self-interested, rational, or as individualistic as he is purported to be; he will haggle to death over price but will not take what he wants by force. Implicitly, he is assumed to behave ruthlessly within a welldefined...
Persistent link: https://www.econbiz.de/10011507656
In this paper, I utilize and expand on Douglass North and colleagues’ conceptual framework for understanding ideology to investigate the nature of ideological intervention. I argue that ideological intervention is ultimately about unifying the shared mental models of the individuals being...
Persistent link: https://www.econbiz.de/10013234531
Utilitarian foundations for limited government are shaky insofar as they assume rational and consistent individuals. Recently economists' assumption of rational actors has come under sustained attack. Behavioural economics has suggested that people are plagued by irrational biases and...
Persistent link: https://www.econbiz.de/10013099108
A popular misconception among scholars of Adam Smith holds that he thought that government intervention was a good and natural aspect of civil society. Scholars who have this misconception argue that Smith often portrays politicians and government intervention as being benevolent. But there are...
Persistent link: https://www.econbiz.de/10013072912
One of the major goals of libertarianism – and liberalism generally – is expanding political freedom: the opportunity …
Persistent link: https://www.econbiz.de/10012895369
The bulk of James Buchanan's contributions to political economy occupy 20 volumes in Liberty Fund's collection of his works. Reading those works shows both that Buchanan injected new strands of thought into that tradition and that his oeuvre contains points of apparent incoherence. To speak of a...
Persistent link: https://www.econbiz.de/10012958132
Most studies on the relationship between public debt and economic growth implicitly assume homogeneous debt effects across their samples. We - in accordance with recent literature - challenge this view and state that there likely is a great deal of cross-country heterogeneity in that...
Persistent link: https://www.econbiz.de/10011436881