Search results for ""Author Donald A. Wittman""
The University of Chicago Press The Myth of Democratic Failure: Why Political Institutions Are Efficient
This is a text seeking to refute one of the cornerstone beliefs of economics and political science: that economic markets are more efficient than the processes and institutions of democratic government. The author 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 institutions are organized to operate efficiently. "Markets" such as the the Congress in the United States, bureaucracies, and pressure groups, the author asserts contribute to efficient political outcomes. He also provides a theory of institutional design to explain how these political "markets" arise. Finally, Wittman addresses the methodological shortcomings of analyses of political market failure, and offers his own suggestions for a more effective research strategy. Ultimately, the study concludes that nearly all of the arguments claiming that economic markets are efficient apply equally well to democratic political markets; and, conversely, that economic models of political failure are not more valid than the analogous arguments for economic market failure.
£32.41
John Wiley and Sons Ltd Economic Analysis of the Law: Selected Readings
Providing students with a solid grounding in the economic analysis of the law, this reader brings together edited versions of diverse and challenging journal articles into a unified collection. Chosen to provoke thought and discussion, these carefully streamlined articles apply economic theories to many aspects of the law, from intellectual property, corporate finance, and contracts to property rights, family law, and criminal law. Provides real-life examples and implications of economic theory. Creates a unified vision of the law, showing the interconnections between the various fields. Covers a broad range of topics, from intellectual property and corporate finance to family and criminal law. Encourages intuitive understanding and applications of the economic principles, due to reduced mathematical content.
£53.95
