Redesigning Democracy
Redesigning Democracy

Author: Hans Gersbach

Publisher: Springer

Published: 2017-04-07

Total Pages: 251

ISBN-13: 331953405X

DOWNLOAD EBOOK

Could democracy do better? This book presents a vision on optimal democracies and a set of new rules to help achieve them. The monograph follows on the author’s successful book “Designing Democracy” from 2005 and further develops its ideas. While liberal democracies are the best systems of self-governance for societies, they rarely provoke great enthusiasm. Democracies have been known to fail in achieving efficient outcomes and fair distributions of wealth. Moreover, many citizens take the democratic system for granted, simply because they have yet to experience an alternative. This book argues that the potential offered by democracies has not yet been exhausted, and that optimal democracies are both the Utopia for societies and the aim that scientists should commit themselves to making a reality. Furthermore, the book suggests a number of insightful rules to improve the functioning of democracies. “We all know what to do, we just don’t know how to get re-elected after we have done it.” This famous quip by Jean-Claude Juncker perfectly encapsulates the challenge this book takes on: how to redesign our democratic institutions to overcome political short-termism and make our democracies more efficient. Several radical but highly relevant proposals are explored, ranging from long-term incentive contracts for politicians, prediction markets over the outcomes of the next election that could be useful for incentive purposes, minority voting, initiative group constitutions, and so on. All these highly innovative proposals are rigorously grounded in standard economic analysis. I highly recommend this book to anyone concerned about the state of our democracies and looking for constructive reforms. Patrick Bolton, Columbia University, USA In a time of reeling democracies, it is urgent to explore how to improve on the electoral system for the benefit of society. Hans Gersbach has developed a most innovative and thought-provoking research agenda at the intersection of political theory, social choice and mechanism design. He uncovers the potentially positive effects of political contracts between candidates and society, of new rules for agenda setting and of mechanisms compensating the minorities. Marc Fleurbaey, Princeton University, USA

Advances in Economic Design
Advances in Economic Design

Author: Murat R. Sertel

Publisher: Springer Science & Business Media

Published: 2013-04-17

Total Pages: 454

ISBN-13: 3662056119

DOWNLOAD EBOOK

Some of the finest and most recent research in economic and political design is presented. Among the authors are several prominent academics as well as many new and promising researchers. They investigate social choice and electoral systems, auctions, matching, bargaining, coalitional stability and efficiency, regulation, the design of rights, mechanisms, games, hierarchies and information. The book is bound to become a standard reference as a collection displaying where we are and where we are going in a broad spectrum of areas in economic design.

Designing Democracy
Designing Democracy

Author: Hans A. Gersbach

Publisher: Springer Science & Business Media

Published: 2005-11-18

Total Pages: 247

ISBN-13: 3540266984

DOWNLOAD EBOOK

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.

Principled Agents?
Principled Agents?

Author: Timothy Besley

Publisher: OUP Oxford

Published: 2006-06-15

Total Pages: 280

ISBN-13: 0191533920

DOWNLOAD EBOOK

What is good government? Why do some governments fail? How do you implement political accountability in practice? What incentives do you need to put in place to ensure that politicians and public servants act in the public interest and not their own? These questions and many more are addressed in Timothy Besley's intriguing Lindahl lectures. Economic analyses of government usually divide into two broad camps. One which emphasizes government as a force for public good that can regulate markets, distribute resources and generally work towards improving the lives of its citizens. The other sees government as driven by private interests, susceptible to those with the power to influence its decisions and failing to incentivize its officials to act for the greater public good. This book adopts a middle way between the two extremes, the Publius approach, which recognizes the potential for government to act for the public good but also accepts the fact that things often go wrong. It shares the view that there are certain institutional preconditions for effective government but then proceed to examine exactly what those preconditions are. Timothy Besley emphasises that it is not just about designing an appropriate institutional framework but also about understanding the way incentives work and the process by which the political class is selected.

The Politics Industry
The Politics Industry

Author: Katherine M. Gehl

Publisher: Harvard Business Press

Published: 2020-06-23

Total Pages: 316

ISBN-13: 1633699242

DOWNLOAD EBOOK

Leading political innovation activist Katherine Gehl and world-renowned business strategist Michael Porter bring fresh perspective, deep scholarship, and a real and actionable solution, Final Five Voting, to the grand challenge of our broken political and democratic system. Final Five Voting has already been adopted in Alaska and is being advanced in states across the country. The truth is, the American political system is working exactly how it is designed to work, and it isn't designed or optimized today to work for us—for ordinary citizens. Most people believe that our political system is a public institution with high-minded principles and impartial rules derived from the Constitution. In reality, it has become a private industry dominated by a textbook duopoly—the Democrats and the Republicans—and plagued and perverted by unhealthy competition between the players. Tragically, it has therefore become incapable of delivering solutions to America's key economic and social challenges. In fact, there's virtually no connection between our political leaders solving problems and getting reelected. In The Politics Industry, business leader and path-breaking political innovator Katherine Gehl and world-renowned business strategist Michael Porter take a radical new approach. They ingeniously apply the tools of business analysis—and Porter's distinctive Five Forces framework—to show how the political system functions just as every other competitive industry does, and how the duopoly has led to the devastating outcomes we see today. Using this competition lens, Gehl and Porter identify the most powerful lever for change—a strategy comprised of a clear set of choices in two key areas: how our elections work and how we make our laws. Their bracing assessment and practical recommendations cut through the endless debate about various proposed fixes, such as term limits and campaign finance reform. The result: true political innovation. The Politics Industry is an original and completely nonpartisan guide that will open your eyes to the true dynamics and profound challenges of the American political system and provide real solutions for reshaping the system for the benefit of all. THE INSTITUTE FOR POLITICAL INNOVATION The authors will donate all royalties from the sale of this book to the Institute for Political Innovation.

Super PACs
Super PACs

Author: Louise I. Gerdes

Publisher: Greenhaven Publishing LLC

Published: 2014-05-20

Total Pages: 113

ISBN-13: 0737768649

DOWNLOAD EBOOK

The passage of Citizens United by the Supreme Court in 2010 sparked a renewed debate about campaign spending by large political action committees, or Super PACs. Its ruling said that it is okay for corporations and labor unions to spend as much as they want in advertising and other methods to convince people to vote for or against a candidate. This book provides a wide range of opinions on the issue. Includes primary and secondary sources from a variety of perspectives; eyewitnesses, scientific journals, government officials, and many others.

Structural Reform and Macroeconomic Policy
Structural Reform and Macroeconomic Policy

Author: R. Solow

Publisher: Springer

Published: 2004-06-29

Total Pages: 180

ISBN-13: 0230524443

DOWNLOAD EBOOK

The relation between structural reform and macroeconomic policy underlies the widespread perception that the large European economies have under-performed in the past decade in comparison both with their own standards and with the contemporaneous performance of the United States. This book, edited and introduced by Noel Laureate Robert M. Solow, provides analyses of how these economies could take a co-ordinated and simultaneous approach to reform in labour and product markets and the demand side.

Politics Is for Power
Politics Is for Power

Author: Eitan Hersh

Publisher: Scribner

Published: 2020-01-14

Total Pages: 288

ISBN-13: 1982116781

DOWNLOAD EBOOK

A brilliant condemnation of political hobbyism—treating politics like entertainment—and a call to arms for well-meaning, well-informed citizens who consume political news, but do not take political action. Who is to blame for our broken politics? The uncomfortable answer to this question starts with ordinary citizens with good intentions. We vote (sometimes) and occasionally sign a petition or attend a rally. But we mainly “engage” by consuming politics as if it’s a sport or a hobby. We soak in daily political gossip and eat up statistics about who’s up and who’s down. We tweet and post and share. We crave outrage. The hours we spend on politics are used mainly as pastime. Instead, we should be spending the same number of hours building political organizations, implementing a long-term vision for our city or town, and getting to know our neighbors, whose votes will be needed for solving hard problems. We could be accumulating power so that when there are opportunities to make a difference—to lobby, to advocate, to mobilize—we will be ready. But most of us who are spending time on politics today are focused inward, choosing roles and activities designed for our short-term pleasure. We are repelled by the slow-and-steady activities that characterize service to the common good. In Politics Is for Power, pioneering and brilliant data analyst Eitan Hersh shows us a way toward more effective political participation. Aided by political theory, history, cutting-edge social science, as well as remarkable stories of ordinary citizens who got off their couches and took political power seriously, this book shows us how to channel our energy away from political hobbyism and toward empowering our values.