ISBN: 0226904229

[SR: 221299], Hardcover, [EAN: 9780226904221], University of Chicago Press, University of Chicago Press, Book, [PU: University of Chicago Press], University of Chicago Press, This book re… Mehr…

[SR: 221299], Hardcover, [EAN: 9780226904221], University of Chicago Press, University of Chicago Press, Book, [PU: University of Chicago Press], University of Chicago Press, This book refutes one of the cornerstone beliefs of economics and political science: that economic markets are more efficient than the processes and institutions of democratic government.Wittman 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, he demonstrates, 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, he demonstrates 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 failur, 2581, Economics, 2633, Banks & Banking, 2739, Commerce, 2582, Commercial Policy, 2583, Comparative, 2585, Development & Growth, 2586, Econometrics, 2587, Economic Conditions, 2589, Economic History, 2588, Economic Policy & Development, 1043856, Environmental Economics, 2591, Free Enterprise, 9147391011, Income Inequality, 2593, Inflation, 2611, Interest, 2595, Labor & Industrial Relations, 2596, Macroeconomics, 2597, Microeconomics, 2598, Money & Monetary Policy, 2599, Public Finance, 2601, Sustainable Development, 2602, Theory, 1043858, Unemployment, 2603, Urban & Regional, 3, Business & Money, 1000, Subjects, 283155, Books, 10761, Democracy, 11088, Ideologies & Doctrines, 5571255011, Politics & Government, 3377866011, Politics & Social Sciences, 1000, Subjects, 283155, Books, 16022621, Political Science, 5571274011, Comparative Politics, 10759, Constitutions, 11086, History & Theory, 11111, Reference, 5571255011, Politics & Government, 3377866011, Politics & Social Sciences, 1000, Subjects, 283155, Books<

1995, ISBN: 9780226904221

University Of Chicago Press, 1995-08-15. Hardcover. Good. Buy with confidence. Excellent Customer Service & Return policy. Ships Fast. Expedite Shipping Available., University Of Ch… Mehr…

University Of Chicago Press, 1995-08-15. Hardcover. Good. Buy with confidence. Excellent Customer Service & Return policy. Ships Fast. Expedite Shipping Available., University Of Chicago Press, 1995-08-15<

1995, ISBN: 0226904229

[EAN: 9780226904221], [SC: 16.24], [PU: University of Chicago Press], 1995. Hardcover. Fine., Books