[PDF.65ay] The Myth of Democratic Failure: Why Political Institutions Are Efficient (American Politics and Political Economy Series)

The Myth of Democratic Failure: Why Political Institutions Are Efficient (American Politics and Political Economy Series)

[PDF.ta07] The Myth of Democratic Failure: Why Political Institutions Are Efficient (American Politics and Political Economy Series)

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 | #1148685 in Books |  Donald A Wittman |  1997-01-01 |  1997-01-01 | Original language:English | PDF # 1 |  9.00 x.70 x6.00l,.86 | File type: PDF | 240 pages

 | The Myth of Democratic Failure Why Political Institutions Are Efficient

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||14 of 15 people found the following review helpful.| Wittman's basic assumptions are flawed|By Howard|Wittman's argument is that democracy generates efficient outcome, and it is based on the following premises: 1. politics has low transaction costs, 2. the political arena is just as competitive as markets, 3. political information is cheaply (even mostly freely) available and voters are rational (in the "rational expectations"