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To explore the propagation of undesirable policies in a form of populist extremism, we construct a social learning model featuring agency problems. Politicians in different countries sequentially implement a policy. Voters learn the incumbent politician's type and the desirable policy by...
Persistent link: https://www.econbiz.de/10012840381
convergence toward extremism hold or the cycles of extremism hold when the state of the world follows a Markov process without …
Persistent link: https://www.econbiz.de/10012894379
In his excellent book Democracy and Knowledge: Innovation and Learning in Classical Athens, Josiah Ober argues that … ancient Athenian democracy surmounted the dangers of political ignorance and made effective use of dispersed citizen knowledge … to forge good public policy. He effectively demonstrates that Athenian democracy was more successful than the oligarchic …
Persistent link: https://www.econbiz.de/10014206676
protecting democracy from creeping oligarchy served up one campaign contribution at a time. As evidenced by Town of Greece v …. Galloway, the Supreme Court is not protecting democracy from creeping theocracy served up one public prayer at a time. In both …
Persistent link: https://www.econbiz.de/10013050655
, democracy. We apply the model to ancient Greece. Many of the famously democratic poleis (city-states) of Greece’s Classical … period were ruled by tyrants in the earlier Archaic period. The tyrannies of Archaic Greece were transitory institutions …, Archaic period tyranny, and Classical period democracy. We conclude that a high potential for economic growth led to a pro …
Persistent link: https://www.econbiz.de/10014185915
During the past two centuries, western nations have successively extended the voting franchise to citizens of lower income. We explain this process of democratization as a rational way for incumbent elites to wage war effectively on other nations, as in a strategic game of international conflict...
Persistent link: https://www.econbiz.de/10011452800
freedom is frequently associated with electoral democracy, developments in countries such as Hungary, Poland, Turkey and … Russia, where elected populist leaders with authoritarian tendencies rule, suggest that electoral democracy may not be the … provide a firmer foundation. We investigate empirically how electoral democracy and judicial independence relate to personal …
Persistent link: https://www.econbiz.de/10011995261
This survey documents the different arguments discussed in the academic literature on whether and how economic inequality and the emergence and stability of democratic political systems are connected. While early research in this domain has often focused on new and emerging democracies, this...
Persistent link: https://www.econbiz.de/10012145429
Although the application of the conceptual and analytical framework of economics to the study of populism is still in its infancy, great advances have been made in recent years. This paper reviews some key contributions behind this progress. When analyzing populism, economists face two...
Persistent link: https://www.econbiz.de/10012009237
migration and trade and their effects on unemployment (chapter 5), and the dynamics of democracy and income chapter 6). … Arbeitslosenrate (Kapitel 5) sowie der Dynamik von Demokratie und Einkommen (Kapitel 6). …
Persistent link: https://www.econbiz.de/10011742960