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Democratic Governance and Economic Performance - How Accountability Can Go Too Far in Politics, Law, and Business (Hardcover, 2009 ed.) Loot Price: R2,730
Discovery Miles 27 300
Democratic Governance and Economic Performance - How Accountability Can Go Too Far in Politics, Law, and Business (Hardcover,...

Democratic Governance and Economic Performance - How Accountability Can Go Too Far in Politics, Law, and Business (Hardcover, 2009 ed.)

Dino Falaschetti

Series: Studies in Public Choice, 14

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Loot Price R2,730 Discovery Miles 27 300 | Repayment Terms: R256 pm x 12*

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Conventional wisdom warns that unaccountable political and business agents can enrich a few at the expense of many. But logically extending this wisdom implies that associated principals - voters, consumers, shareholders - will favor themselves over the greater good when 'rules of the game' instead create too much accountability. Democratic Governance and Economic Performance rigorously develops this hypothesis, and finds statistical evidence and case study illustrations that democratic institutions at various governance levels (e.g., federal, state, corporation) have facilitated opportunistic gains for electoral, consumer, and shareholder principals. To be sure, this conclusion does not dismiss the potential for democratic governance to productively reduce agency costs. Rather, it suggests that policy makers, lawyers, and managers can improve governance by weighing the agency benefits of increased accountability against the distributional costs of favoring principal stakeholders over more general economic opportunities. Carefully considering the fundamentals that give rise to this tradeoff should interest students and scholars working at the intersection of social science and the law, and can help professionals improve their own performance in policy, legal, and business settings.

General

Imprint: Springer-Verlag New York
Country of origin: United States
Series: Studies in Public Choice, 14
Release date: July 2009
First published: July 2009
Authors: Dino Falaschetti
Dimensions: 235 x 155 x 11mm (L x W x T)
Format: Hardcover
Pages: 131
Edition: 2009 ed.
ISBN-13: 978-0-387-78706-0
Categories: Books > Business & Economics > Finance & accounting > Finance > Public finance > General
Books > Money & Finance > Public finance > General
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LSN: 0-387-78706-2
Barcode: 9780387787060

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