Democratic Governance and Economic Performance

Democratic Governance and Economic Performance

AngličtinaEbook
Falaschetti, Dino
Springer New York
EAN: 9780387787077
Dostupné online
2 755 Kč
Běžná cena: 3 061 Kč
Sleva 10 %
ks

Podrobné informace

Conventional wisdom warns that unaccountable political and business agents can enrich a few at the expense of many. But logically extending this wisdom implies that associated principals - voters, consumers, shareholders - will favor themselves over the greater good when 'rules of the game' instead create too much accountability. Democratic Governance and Economic Performance rigorously develops this hypothesis, and finds statistical evidence and case study illustrations that democratic institutions at various governance levels (e.g., federal, state, corporation) have facilitated opportunistic gains for electoral, consumer, and shareholder principals. To be sure, this conclusion does not dismiss the potential for democratic governance to productively reduce agency costs. Rather, it suggests that policy makers, lawyers, and managers can improve governance by weighing the agency benefits of increased accountability against the distributional costs of favoring principal stakeholders over more general economic opportunities. Carefully considering the fundamentals that give rise to this tradeoff should interest students and scholars working at the intersection of social science and the law, and can help professionals improve their own performance in policy, legal, and business settings.
EAN 9780387787077
ISBN 0387787070
Typ produktu Ebook
Vydavatel Springer New York
Datum vydání 2. června 2009
Jazyk English
Země United States
Autoři Falaschetti, Dino
Série Studies in Public Choice