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10% Less Democracy – Why You Should Trust Elites a Little More and the Masses a Little Less

Autor Garett Jones
en Limba Engleză Paperback – 16 mar 2021
During the 2016 presidential election, both Donald Trump and Bernie Sanders argued that elites were hurting the economy. But, drawing together evidence and theory from across economics, political science, and even finance, Garett Jones says otherwise. In 10% Less Democracy, he makes the case that the richest, most democratic nations would be better off if they slightly reduced accountability to the voting public, turning up the dial on elite influence.
To do this, Jones builds on three foundational lines of evidence in areas where he has personal experience. First, as a former staffer in the U.S. Senate, he saw how senators voted differently as elections grew closer. Second, as a macroeconomist, Jones knows the merits of independent central banks, which sit apart from the political process and are controlled by powerful insiders. The consensus of the field is that this detached, technocratic approach has worked far better than more political and democratic banking systems. Third, his previous research on the effects of cognitive skills on political, social, and economic systems revealed many ways in which well-informed voters improve government.
Discerning repeated patterns, Jones draws out practical suggestions for fine-tuning, focusing on the length of political terms, the independence of government agencies, the weight that voting systems give to the more-educated, and the value of listening more closely to a group of farsighted stakeholders with real skin in the game--a nation's sovereign bondholders. Accessible to political news junkies while firmly rooted and rigorous, 10% Less Democracy will fuel the national conversation about what optimal government looks like.
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Specificații

ISBN-13: 9781503628977
ISBN-10: 1503628973
Pagini: 248
Dimensiuni: 151 x 228 x 19 mm
Greutate: 0.36 kg
Editura: MK – Stanford University Press

Cuprins

Introduction: The Source of My Idea
1. The Big Benefits of a Small Dose of Democracy
2. Braver Politician
3. Central Bank "Independence"
4. The 2% Solution
5. This Chapter Does Not Apply to Your Country
6. Bondholders as a Separate and Coequal Branch of Government
7. Jonathan Rauch, Prophet of Political Realism
8. The Hard Case of the European Union
9. Singapore: Flourishing with 50% Less Democracy
10. Conclusion: Buying the Right Dose of Democracy

Notă biografică

Garett Jones is Associate Professor of Economics at the Center for Study of Public Choice, George Mason University. He also holds the BB&T Professorship for the Study of Capitalism at the Mercatus Center. Garett's research and commentary have appeared in the New York Times, the Wall Street Journal, the Washington Post, Forbes, and Businessweek. His first book, Hive Mind: How Your Nation's IQ Matters So Much More Than Your Own (Stanford, 2015) was a Gold Medalist in the 2016 Independent Publisher Book Awards.

Descriere

Democracy is a matter of degree, and this book offers mainstream empirical evidence that shows how rich democracies would be better off with a few degrees less of it.