Democracy in Deficit
Democracy in Deficit

Author: James M. Buchanan

Publisher:

Published: 2000

Total Pages: 0

ISBN-13: 9780865972285

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Democracy in Deficit is one of the early comprehensive attempts to apply the basic principles of public-choice analysis to macroeconomic theory and policy. According to Robert D. Tollison in the foreword, "The central purpose of the book was to examine the simple precepts of Keynesian economics through the lens of public-choice theory. The basic discovery was that Keynesian economics had a bias toward deficits in terms of political self-interest." Democracy in Deficit opened the door for much of the current work on political business cycles and the incorporation of public-choice considerations into macroeconomic theory. Even in the area of monetarism, Buchanan's landmark work has greatly influenced the sway of contemporary theorists away from the nearly universally held belief of Keynesian theory. Democracy in Deficit contributes greatly to Buchanan's lifelong fiscal and monetary rules to guide long-term policy in macroeconomics. The book serves to bolster Buchanan's central beliefs in the necessity of a balanced-budget amendment to the U.S. Constitution and in monetary rules rather than central bank discretion. The book is co-authored with Richard Wagner, a respected colleague of Buchanan, whom Buchanan recognized as helping to keep the book free of polemics and on target with its central purpose of applying the elementary theory of public choice. James M. Buchanan (1919-2013) was an eminent economist who won the Alfred Nobel Memorial Prize in Economic Sciences in 1986 and was considered one of the greatest scholars of liberty in the twentieth century.

Attention Deficit Democracy
Attention Deficit Democracy

Author: James Bovard

Publisher: Macmillan + ORM

Published: 2015-03-24

Total Pages: 300

ISBN-13: 1466892757

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"A lively attack on politicians, voters and government. Bovard's indictment of an ineffective but ever-expanding federal government would make any libertarian proud." --New York Post Does the people's need to believe in the president trump their duty to understand, to think critically, and demand truth? Have Americans been conditioned to ignore political frauds and believe the lies perpetuated by campaign ads? James Bovard diagnoses a national malady called "Attention Deficit Democracy," characterized by a citizenry that seems to be paying less attention to facts, and is less capable of judging when their rights and liberties are under attack. Bovard's careful research combined with his characteristically caustic style will give "ADD" a whole new meaning that pundits, politicians, and we the people will find hard to ignore.

Democratic Deficit
Democratic Deficit

Author: Pippa Norris

Publisher: Cambridge University Press

Published: 2011-02-14

Total Pages: 351

ISBN-13: 1139496166

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Many fear that democracies are suffering from a legitimacy crisis. This book focuses on 'democratic deficits', reflecting how far the perceived democratic performance of any state diverges from public expectations. Pippa Norris examines the symptoms by comparing system support in more than fifty societies worldwide, challenging the pervasive claim that most established democracies have experienced a steadily rising tide of political disaffection during the third-wave era. The book diagnoses the reasons behind the democratic deficit, including demand (rising public aspirations for democracy), information (negative news about government) and supply (the performance and structure of democratic regimes). Finally, Norris examines the consequences for active citizenship, for governance and, ultimately, for democratization. This book provides fresh insights into major issues at the heart of comparative politics, public opinion, political culture, political behavior, democratic governance, political psychology, political communications, public policymaking, comparative sociology, cross-national survey analysis and the dynamics of the democratization process.

Deficits, Debt, and Democracy
Deficits, Debt, and Democracy

Author: Richard E. Wagner

Publisher: Edward Elgar Publishing

Published: 2012-01-01

Total Pages: 209

ISBN-13: 0857934600

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This timely book reveals that the budget deficits and accumulating debts that plague modern democracies reflect a clash between two rationalities of governance: one of private property and one of common property. The clashing of these rationalities at various places in society creates forms of societal tectonics that play out through budgeting. The book demonstrates that while this clash is an inherent feature of democratic political economy, it can nonetheless be limited through embracing once again a constitution of liberty. Not all commons settings have tragic outcomes, of course, but tragic outcomes loom large in democratic processes because they entail conflict between two very different forms of substantive rationality; the political and market rationalities. These are both orders that contain interactions among participants, but the institutional frameworks that govern those interactions differ, generating democratic budgetary tragedies. Those tragedies, moreover, are inherent in the conflict between the different rationalities and so cannot be eliminated. They can, as this book argues, be reduced by restoring a constitution of liberty in place of the constitution of control that has taken shape throughout the west over the past century. Economists interested in public finance, public policy and political economy along with scholars of political science, public administration, law and political philosophy will find this book intriguing.

Democracy in the Arab World
Democracy in the Arab World

Author: Ibrahim Elbadawi

Publisher: IDRC

Published: 2011

Total Pages: 354

ISBN-13: 0415779995

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Despite notable socio-economic development in the Arab region, a deficit in democracy and political rights has continued to prevail. This book examines the major reasons underlying the persistence of this democracy deficit over the past decades, drawing on case studies from across the Arab world to explore economic development, political institutions and social factors, and the impact of oil wealth and regional wars.

Imperfect Democracies
Imperfect Democracies

Author: Patti Tamara Lenard

Publisher: UBC Press

Published: 2012-10-01

Total Pages: 361

ISBN-13: 077482378X

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Canada and the United States are consistently ranked among the most democratic countries in the world, yet voices expressing concern about the quality of these democracies are becoming louder and more insistent. Critics maintain that the two countries suffer from a “democratic deficit,” a deficit that raises profound questions about the legitimacy and effectiveness of their democratic institutions. Imperfect Democracies brings together Canadian and American scholars to compare how the democratic deficit plays out in the two nations. An important contribution to the field of democratic theory and the study of democratic institutions, this timely book will spark debate on both sides of the border.

Democratic Deficit?
Democratic Deficit?

Author: Thomas D. Zweifel

Publisher: Swiss Consulting Group, Inc.

Published: 2002

Total Pages: 181

ISBN-13: 0739104519

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Is the European Union democratic? Much has been written claiming that the EU's institutions and policymaking processes are insufficiently accountable to, and representative of, the European electorate. In Democratic Deficit?, Thomas D. Zweifel offers a provocative new treatment of the concept of democracy in the EU. The work provides a rigorous, comparative examination of the European Union and the federal democracies of Switzerland and the United States. Drawing upon established, quantifiable scales of democracy, the study demonstrates that the EU's decision-making and regulatory processes do not show a democratic deficit greater than that of the bureaucracies of most liberal democracies and finds that in certain policy areas liberal democracies may even benefit from adopting EU practices. Supported by two case studies comparing regulatory policymaking in action across the three polities, Zweifel's work will prove to be a valuable and thought-provoking addition to the debate about European governance and the increasingly important role of transnational and supranational organizations.

Globalizing Democracy and Human Rights
Globalizing Democracy and Human Rights

Author: Carol C. Gould

Publisher: Cambridge University Press

Published: 2004-08-02

Total Pages: 292

ISBN-13: 9780521541275

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In her new book Carol Gould addresses the fundamental issue of democratizing globalization, that is to say of finding ways to open transnational institutions and communities to democratic participation by those widely affected by their decisions.The book develops a framework for expanding participation in crossborder decisions, arguing for a broader understanding of human rights and introducing a new role for the ideas of care and solidarity at a distance. Accessibly written with a minimum of technical jargon this is a major new contribution to political philosophy.

The Deficit Myth
The Deficit Myth

Author: Stephanie Kelton

Publisher: PublicAffairs

Published: 2020-06-09

Total Pages: 311

ISBN-13: 1541736206

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A New York Times Bestseller The leading thinker and most visible public advocate of modern monetary theory -- the freshest and most important idea about economics in decades -- delivers a radically different, bold, new understanding for how to build a just and prosperous society. Stephanie Kelton's brilliant exploration of modern monetary theory (MMT) dramatically changes our understanding of how we can best deal with crucial issues ranging from poverty and inequality to creating jobs, expanding health care coverage, climate change, and building resilient infrastructure. Any ambitious proposal, however, inevitably runs into the buzz saw of how to find the money to pay for it, rooted in myths about deficits that are hobbling us as a country. Kelton busts through the myths that prevent us from taking action: that the federal government should budget like a household, that deficits will harm the next generation, crowd out private investment, and undermine long-term growth, and that entitlements are propelling us toward a grave fiscal crisis. MMT, as Kelton shows, shifts the terrain from narrow budgetary questions to one of broader economic and social benefits. With its important new ways of understanding money, taxes, and the critical role of deficit spending, MMT redefines how to responsibly use our resources so that we can maximize our potential as a society. MMT gives us the power to imagine a new politics and a new economy and move from a narrative of scarcity to one of opportunity.

Financial Crisis Management and Democracy
Financial Crisis Management and Democracy

Author: Bettina De Souza Guilherme

Publisher: Springer Nature

Published: 2020-12-09

Total Pages: 372

ISBN-13: 3030548953

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This open access book discusses financial crisis management and policy in Europe and Latin America, with a special focus on equity and democracy. Based on a three-year research project by the Jean Monnet Network, this volume takes an interdisciplinary, comparative approach, analyzing both the role and impact of the EU and regional organizations in Latin America on crisis management as well as the consequences of crisis on the process of European integration and on Latin America’s regionalism. The book begins with a theoretical introduction, exploring the effects of the paradigm change on economic policies in Europe and in Latin America and analyzing key systemic aspects of the unsustainability of the present economic system explaining the global crises and their interconnections. The following chapters are divided into sections. The second section explores aspects of regional governance and how the economic and financial crises were managed on a macro level in Europe and Latin America. The third and fourth sections use case studies to drill down to the impact of the crises at the national and regional levels, including the emergence of political polarization and rise in populism in both areas. The last section presents proposals for reform, including the transition from finance capitalism to a sustainable real capitalism in both regions and at the inter-regional level of EU-LAC relations.The volume concludes with an epilogue on financial crises, regionalism, and domestic adjustment by Loukas Tsoukalis, President of the Hellenic Foundation for European and Foreign Policy (ELIAMEP). Written by an international network of academics, practitioners and policy advisors, this volume will be of interest to researchers and students interested in macroeconomics, comparative regionalism, democracy, and financial crisis management as well as politicians, policy advisors, and members of national and regional organizations in the EU and Latin America.