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Economic Politics: The Costs of Democracy

Keech, William R.

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ISBN 10: 0521467683 / ISBN 13: 9780521467681
Published by Cambridge Univ Press, Cambridge, England, 1995
Used Condition: Near Fine Soft cover
From Poplar Products (Fresno, CA, U.S.A.)

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About this Item

1st edition paperback is in near fine condition with light corner wear and dent on page edges. Some light wrinkles on pages 53-75. Clean, unmarked. This book raises and addresses questions about the consequences of democratic institutions for economic performance. Bookseller Inventory # 5144

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Bibliographic Details

Title: Economic Politics: The Costs of Democracy

Publisher: Cambridge Univ Press, Cambridge, England

Publication Date: 1995

Binding: Soft cover

Book Condition:Near Fine

Dust Jacket Condition: No Jacket

Edition: 1st Edition

About this title

Synopsis:

An accessible synthesis of a large body of material, Economic Politics raises and addresses questions about the consequences of democratic institutions for economic performance. Drawing on concrete and observable experience in the United States, with occasional reference to other countries, William Keech suggests that there are modest and bearable costs of democratic procedures, comparable to the agency costs incurred whenever a principal delegates authority to an agent. Democracy, according to Keech, does not systematically cause inferior macroeconomic policy detrimental to a population's long-term welfare. Rather, there is a logical circularity among voter preferences, institutions, and economic and political outcomes.

Book Description:

Drawing on concrete and observable experience in the U.S., with occasional reference to other countries, this accessible synthesis of extensive material suggests that there are modest and bearable costs of democratic procedures, comparable to the agency costs incurred whenever a principal delegates authority to an agent.

"About this title" may belong to another edition of this title.

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