Doppelrezension zu Stephan Lessenich ("Neben uns die Sintflut") und Wolfgang Streeck ("How will capitalism end?"). Wolfgang Streecks "How will Capitalism end?" und Stephan Lessenichs "Neben uns die Sintflut" sind zwei weitgehend komplementaere Werke, die sich aus unterschiedlichen Perspektiven...

Empirical evidence on the relationship between democracy and economic reforms is scarce, limited to few reforms and countries and for few years. This paper studies the impact of democracy on the adoption of economic reforms using a new dataset on reforms in the financial, capital, public, and...

Over the past four decades, the accumulation of policy legacies and public debt has led to a decline in fiscal flexibility in Germany and the United States. By applying an index of fiscal democracy to Germany, the paper illustrates the associated shrinkage of democratic control over budget...

We provide evidence that a history of democracy at the local level is associated with contemporary democracy at the national level. Auxiliary estimates show that a tradition of local democracy is also associated with attitudes that favor democracy, with better quality institutions, and higher...