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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
In constitutional political economy, the citizens' constitutional interests determine the social contract that is binding for the post-constitutional market game. However, following traditional preference subjectivism, it is left open what the constitutional interest are. Using the example of...
Persistent link: https://www.econbiz.de/10010327355
In constitutional political economy, the citizens’ constitutional interests determine the social contract that is binding for the post-constitutional market game. However, following traditional preference subjectivism, it is left open what the constitutional interest are. Using the...
Persistent link: https://www.econbiz.de/10005765332
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
This paper explores the interventionist mindset required for success under the U.S. government's foreign policy strategy of liberal hegemony. This approach to foreign policy contains an inherent tension. Its adherents claim a commitment to liberal values but successfully implementing the...
Persistent link: https://www.econbiz.de/10013002491
, students and even politicians. There is a sense in which it is regarded as a manifesto of traditional liberalism. But the book …
Persistent link: https://www.econbiz.de/10014188403
We develop a theoretical model to study the welfare effects of libertarian paternalism on information acquisition, social learning, and financial decision-making. Individuals in our model are permitted to appreciate and use the information content in the default options set by a social planner....
Persistent link: https://www.econbiz.de/10013146853
with different intensities of democracy. Specifically, we consider the implications of political (dis)parity between the … unified framework to study the direct and indirect effects of democracy by combining state capacity investment and …
Persistent link: https://www.econbiz.de/10012137754
new instrument for democracy and the extension of the franchise, the effect of decolonisation on democracy in the … colonising country's democratisation to identify the causal effect of democracy on heights. We find robust evidence of a link … between democratic quality and human stature. The results indicate that the transition to democracy increased average male …
Persistent link: https://www.econbiz.de/10012029108