Democratic Governance and Economic Performance

Author: Dino Falaschetti
Publisher: Springer Science & Business Media
ISBN: 9780387787077
Format: PDF, Mobi
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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.

Money Financial Intermediation and Governance

Author: Dino Falaschetti
Publisher: Edward Elgar Publishing
ISBN: 1848441347
Format: PDF, Docs
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Dino Falaschetti and Michael Orlando unify the treatment of the many deeply related topics in money and banking in this wide-ranging book. By continually building on the assumption that economic actors are maximizers, they explain how monetary and financial services, as well as related governance mechanisms, influence economic performance. In this manner, Money, Financial Intermediation and Governance not only lets readers make sense of today s monetary authorities and financial markets, it lets them see through superficial complexities to the fundamental influences that will shape those organizations for years to come. Mastering this analytical process is important for scholars and professionals, as well as individuals who are interested in their own financial security. Successful readers will enjoy an enduring ability to productively anticipate, respond to, and even shape macroeconomic and related political developments. This book s greatest contribution may thus be to help readers enjoy the lasting advantages of becoming careful thinkers. This book is an ideal text for undergraduate, graduate and MBA students in courses on banking and financial markets as well as in macroeconomics. It is also a useful resource for researchers and professionals in the financial, legal and policy sectors.

Perspectives on the Legislature and the Prospects of Accountability in Nigeria and South Africa

Author: Omololu Fagbadebo
Publisher: Springer
ISBN: 3319935097
Format: PDF, ePub, Mobi
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This book examines the problem of accountability in two African political systems, South Africa and Nigeria. Despite the principle of separation of powers and the doctrine of checks and balances among the institutions of governance, a burgeoning governance crisis stifles the potential of accountability and good governance. Legislative oversight in the two countries remains largely ineffective while citizens are left to face the consequences of the mismanagement of public resources by political elites. This book critically assesses how the legislative institutions in South Africa and Nigeria have been unable to harness the requisite constitutional powers to ensure accountability in government and explores the feasibility of their effectiveness. The book begins with a comparative analysis of the principles, tradition, and powers associated with legislative capability in South Africa and Nigeria. The chapters explore constitutional provisions and analyze the capacity of each legislature to function within its respective political environment. The book also examines the process and challenges associated with the various measures and mechanisms available for legislatures to ensure accountability in the two countries. Researchers, scholars and students of African politics will find this book useful in their understanding of the problems associated with the simmering governance crisis in South Africa and Nigeria.

The Encyclopedia of Public Choice

Author: Charles Rowley
Publisher: Springer Science & Business Media
ISBN: 0792386078
Format: PDF
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The Encyclopedia provides a detailed and comprehensive account of the subject known as public choice. However, the title would not convey suf- ciently the breadth of the Encyclopedia’s contents which can be summarized better as the fruitful interchange of economics, political science and moral philosophy on the basis of an image of man as a purposive and responsible actor who pursues his own objectives as efficiently as possible. This fruitful interchange between the fields outlined above existed during the late eighteenth century during the brief period of the Scottish Enlightenment when such great scholars as David Hume, Adam Ferguson and Adam Smith contributed to all these fields, and more. However, as intell- tual specialization gradually replaced broad-based scholarship from the m- nineteenth century onwards, it became increasingly rare to find a scholar making major contributions to more than one. Once Alfred Marshall defined economics in neoclassical terms, as a n- row positive discipline, the link between economics, political science and moral philosophy was all but severed and economists redefined their role into that of ‘the humble dentist’ providing technical economic information as inputs to improve the performance of impartial, benevolent and omniscient governments in their attempts to promote the public interest. This indeed was the dominant view within an economics profession that had become besotted by the economics of John Maynard Keynes and Paul Samuelson immediately following the end of the Second World War.

Democracy in Chains

Author: Nancy MacLean
Publisher: Penguin
ISBN: 1101980966
Format: PDF, ePub
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"Focusing on Nobel Prize-winning economist James McGill Buchanan (1919-2013), whom Charles Koch funded and championed, MacLean elaborates on [what he sees as] the Koch brothers' insidious, dangerous manipulation of American politics. Based on Buchanan's papers as well as published sources, MacLean creates a ... portrait of an arrogant, uncompromising, and unforgiving man, stolid in his mission to 'save capitalism from democracy'"--

Electoral Rules and Democratic Governance

Author: G. Bingham Powell
Publisher:
ISBN: 9781878147417
Format: PDF, ePub, Mobi
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Electoral rules help to make democracy work. Small variations in them influence the type of democracy that develops. The field of political science has defined the study of why and how this happens. Political scientists have contributed to the world of electoral systems as scientists and as engineers. Taking stock of recent scientific research, this report shows that context modifies the effects of electoral rules on political outcomes in specific and systematic ways. It explores how electoral rules shape party systems, the inclusion of women and minorities, the depth and nature of political competition, and patterns of redistribution and regulation. It considers institutional innovations that could promote political equality. Finally, the report describes the diverse ways that political scientists are producing an impact on the world by sharing and applying their knowledge of the consequences of electoral rules and global trends in reform.

Information and Public Choice

Author: Roumeen Islam
Publisher: World Bank Publications
ISBN: 9780821375167
Format: PDF, ePub
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The ability of the media to affect outcomes in economic and political markets has been well documented. News reporting and advertising influence consumer behavior in goods and services markets by revealing (or selectively revealing) information about a product, acting as agenda setters to influence consumer demand, or enhancing competition in markets by alerting consumers to substitutes. In political markets, they can affect behavior by informing voters about a politician's views or actions, enlightening citizens to outcomes of public policy, or taking a stance on political, social, or economic issues. For businesses, households, and most others, the media is the main source of information on public policy choices and current social and economic conditions. As a result, what news the media chooses to gather, analyze and disseminate--and the slant they choose to put on what they report--is of consequence. 'Information and Public Choice' addresses the factors that affect the content and reach of news coverage as well as its impact on public policy. The book addresses both market constraints that affect media--particularly news content--and the impact that news reporting has on economic and political choices. The authors examine a range of issues, including bias or slant in media reporting, the impact of markets and nonmarket factors on news reporting, and the role of government regulation of the media sector in developing countries. The studies in this volume provide new evidence and a good summary of previous research on the power of the media. An invaluable guide for those concerned about the impact of media on economic and political outcomes, 'Information and Public Choice' draws attention to an under-researched yet important area of economics.

Political Science Abstracts

Author: IFI/Plenum Data Company staff
Publisher: Springer Science & Business Media
ISBN: 1461517893
Format: PDF, ePub, Docs
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Political Science Abstracts is an annual supplement to the Political Science, Government, and Public Policy Series of The Universal Reference System, which was first published in 1967. All back issues are still available.