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Books > Business & Economics > Economics > Economic theory & philosophy
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Designing Democracy - Ideas for Better Rules (Hardcover, 2005 ed.)
Loot Price: R2,788
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Designing Democracy - Ideas for Better Rules (Hardcover, 2005 ed.)
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While liberal democracies are the best systems of self-governance
for societies, they rarely invoke great enthusiasm. On the one
hand, democracies have been known to fail in achieving efficient or
fair allocations. On the other hand, many citizens take the
democratic system for granted as they have yet to experience an
alternative. In this book the vision we propose is that the
potential of democ racies has not yet been exhausted, and that
optimal democracies are both the Utopia for societies and the aim
that scientists should be committed to. We present a number of
ideas for drawing up new rules to im prove the functioning of
democracies. The book falls into two parts. The first part examines
ways of combining incentive contracts with democratic elections. We
suggest that a judicious combina tion of these two elements as a
dual mechanism can alleviate a wide range of political failures,
while at the same time adhering to the founding principles of
democracies. The second part presents new rules for decision-making
and agenda setting. Together with modern communication devices,
these rules can sometimes transcend the limitations of liberal VI
Preface democracies in achieving desirable outcomes. Examples of
such rules include the flexible majority rule where the size of the
ma jority required depends on the proposal, or the rule that only
those belonging to the winning majority can be taxed."
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