The Political Economy of Democratic Institutions

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Asserting that because majority rule is generally unstable and not binding for future voters, it is insufficient for the required security of a market, Moser (economics, U. of Applied Sciences of Eastern Switzerland, Chur and U. of St. Gallen, Switzerland) argues that democratic political institutions must limit the influence of majorities. He examines the potential of constitutional rules, the organizational structure of legislatures, and administrative and judicial procedures to undermine popular democracy in favor of capitalism. Annotation c. Book News, Inc., Portland, OR
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Product Details

  • ISBN-13: 9781858989662
  • Publisher: Elgar, Edward Publishing, Inc.
  • Publication date: 1/1/2000
  • Series: Locke Institute Series
  • Pages: 208

Table of Contents

List of figures
List of tables
1 Introduction 1
Pt. I Legislative Institutions and Public Policy: A Survey of the Literature
2 Collective decisions under simple majority rules 10
3 Institutional constraints and stability 22
4 Legislative institutions and policy choices: selected applications 39
Pt. II Institutions and Stability: Checks and Balances in the Swiss Political System
5 A model of legislative decisions 64
6 A model of constitutional decisions 73
7 Uncertainty and interest groups 82
Pt. III Institutions and Policy Choice: The Conditional Influence of the European Parliament
8 Strategic interactions in legislative procedures in the European Union 95
9 Case study on car emission standards 112
Pt. IV Institutions and Regulatory Behavior: Checks and Balances as a Prerequisite for Independent Central Banks
10 Legislative choice of the monetary institution 128
11 Legislative structure and central bank independence 143
Epilogue: Markets, checks and balances, and commitments 159
References 163
Index 187
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