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The Myth of Democratic Failure: (Record no. 213683)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 02699nam a22002297a 4500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20250716175602.0 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 250716b |||||||| |||| 00| 0 eng d |
| 020 ## - INTERNATIONAL STANDARD BOOK NUMBER | |
| International Standard Book Number | 9780226904238 |
| Qualifying information | [PBK] |
| 082 ## - DEWEY DECIMAL CLASSIFICATION NUMBER | |
| Classification number | 321.8 |
| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Wittman, Donald |
| 245 ## - TITLE STATEMENT | |
| Title | The Myth of Democratic Failure: |
| Remainder of title | Why Political Institutions are Efficient/ |
| Statement of responsibility, etc. | Donald Wittman |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Place of publication, distribution, etc. | Chicago |
| Name of publisher, distributor, etc. | The University of Chicago Press |
| Date of publication, distribution, etc. | c1995 |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | ix, 229 pages |
| Dimensions | 22cm. |
| 505 ## - FORMATTED CONTENTS NOTE | |
| Formatted contents note | Acknowledgments<br/>1: Introduction: The Market Metaphor<br/>2: The Informed Voter<br/>3: Electoral-Market Competition and the Control of Opportunistic Behavior<br/>4: Transaction Costs and the Design of Government institutions<br/>5: Homo Economicus versus Homo Psychologicus: Why Cognitive Psychology Does<br/>Not Explain Democratic Politics<br/>6: Legislative Markets and Organization<br/>7: Pressure Groups<br/>8: Bureaucratic Markets: Why Government Bureaucracies Are Efficient and Not<br/>Too Large<br/>9: The Market for Regulation<br/>10: The Constitution as an Optimal Social Contract and the Role of<br/>Transaction Costs in Constitutional Design<br/>11: Majority Rule and Preference Aggregation<br/>12: The Distribution of Economic Wealth and Political Power<br/>13: The Testing of Theory<br/>14: Epilogue: The Burden of Proof<br/>References<br/>Author Index<br/>Subject index |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | This book refutes one of the cornerstone beliefs of economics and political science: that economic markets are more efficient than the processes and institutions of democratic government.<br/><br/>Wittman first considers the characteristic of efficient markets—informed, rational participants competing for well-defined and easily transferred property rights—and explains how they operate in democratic politics. He then analyzes how specific political institutions are organized to operate efficiently. “Markets” such as the the Congress in the United States, bureaucracies, and pressure groups, he demonstrates, contribute to efficient political outcomes. He also provides a theory of institutional design to explain how these political “markets” arise. Finally, Wittman addresses the methodological shortcomings of analyses of political market failure, and offers his own suggestions for a more effective research strategy.<br/><br/>Ultimately, he demonstrates that nearly all of the arguments claiming that economic markets are efficient apply equally well to democratic political markets; and, conversely, that economic models of political failure are not more valid than the analogous arguments for economic market failure. |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name entry element | Myth |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name entry element | Democratic |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name entry element | Political Institutions |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name entry element | Economy |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Source of heading or term | Cognitive-Psychology |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Source of classification or shelving scheme | Dewey Decimal Classification |
| Koha item type | BOOKs |
| Withdrawn status | Lost status | Source of classification or shelving scheme | Damaged status | Not for loan | Home library | Current library | Shelving location | Date acquired | Source of acquisition | Total Checkouts | Full call number | Barcode | Date last seen | Price effective from | Koha item type | Public note |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dewey Decimal Classification | National Law School | National Law School | General Stacks | 16.07.2025 | Purchased - Satyam Books | 321.8 WIT | 40263 | 16.07.2025 | 16.07.2025 | BOOKs | Recommended by Dr. Manpreet Singh Dhillon |
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