More information: Nobuhiro Mizuno et al, A dynamic theory on clientelism and bureaucratic development, Journal of Development ...

The desperation at the heart of economic theory Both classical and Marxist economic theories end up positing ideal types who give unrealistic advice on how to run an economy.

Economic Theory of Democracy also includes several other major innovations, including insightful discussion of information shortcuts as a tool for overcoming voter ignorance, ...

Anthony Downs was best known for his doctoral thesis, published in 1957 as a book, ‘An Economic Theory of Democracy.’ He also wrote ‘Stuck in Traffic’ and ‘Still Stuck in Traffic.’ ...

I’ve always admired John Rawls, the American political philosopher whose 1971 book, “A Theory of Justice,” shaped the thinking of economists and other scholars.

In pushing for democracy in the Middle East, he is departing somewhat from a long track record of U.S. presidents -- focused on preserving stability, economic ties, and access to Middle East oil ...

In my teaching module on economic consumer theory, we will turn to questions about housing and public education choices. Duke students have a lot to say about segregation and high housing prices.

The idea of democracy as a game is, of course, a very different model from the one that most people learn in school. Teachers tend to describe democracy as a value in and of itself, a system of ...

The old economic theory of consumers says that "people should relish choice." And we do. Shopping can be fun, democracy is better than its alternatives, ...

Schumpeter made many contributions to economic science and political theory, but he is best known for his 1942 book Capitalism, Socialism, and Democracy, which outlines the theory of dynamic ...