The Myth of Democratic Failure: Why Political Institutions Are Efficient

by Donald A. Wittman and Donald Wittman

Book Overview

This book refutes one of the cornerstone beliefs of economics and political science: that economic markets are more efficient than the processes and institutions of democratic government.

Wittman first considers the characteristic of efficient markets--informed, rational participants competing for well-defined and easily transferred property rights--and explains how they operate in democratic politics. He then analyzes how specific political...

• Format: Hardcover
• Language: English
• ISBN: 0226904229
• ISBN13: 9780226904221
• Release Date: August 1995
• Publisher: University of Chicago Press
• Length: 240 Pages
• Weight: 0.80 lbs.
• Dimensions: 6.0" x 9.0"