majority of people. The fundamental reason thereof is the blatant contradiction between the principle of democracy, promoting … the rule of law and thereby the welfare of people, and the indomitable tendency of rising and unsustainable inequality in … the essential of democracy. It could be a road to genuine reforms3 preventing a disaster caused by the sheer rejection of …

There is a growing literature studying the effects of economic freedom and democracy on income inequality; nevertheless … democracy is estimated. The findings demonstrate that economic freedom has positive effect on income inequality. The estimated …, the inequality-effects of both factors are apparently studied separately. This paper revisits the income inequality …

CBI is the seemed contradiction between independence and democracy, known as the problem of accountability of the monetary … democracy. This would, in turn, attribute to reconciling the presumed contradiction between CBI and democracy, besides … disentangling the impact of independence and transparency on democracy. To this end, we regress democracy on both CBI and CB …