The Resource Democratic Governance and Economic Performance : How Accountability Can Go Too Far in Politics, Law, and Business, by Dino Falaschetti, (electronic resource)

Democratic Governance and Economic Performance : How Accountability Can Go Too Far in Politics, Law, and Business, by Dino Falaschetti, (electronic resource)

Label
Democratic Governance and Economic Performance : How Accountability Can Go Too Far in Politics, Law, and Business
Title
Democratic Governance and Economic Performance
Title remainder
How Accountability Can Go Too Far in Politics, Law, and Business
Statement of responsibility
by Dino Falaschetti
Creator
Author
Author
Subject
Language
  • eng
  • eng
Summary
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. Falaschetti skillfully synthesizes key ideas from social choice theory, organizational economics, and interest group politics to challenge conventional wisdom about the benefits of democratic governance in organizations. This is an important book for reforming how financial institutions are regulated, and corporations are governed, in the wake of the great financial market collapse of 2008. (Margaret Blair, Vanderbilt Law) The scope of Democratic Governance and Economic Performance is truly commendable. While legal scholars, economists, and political scientists have raised parts of these issues before, by addressing the topic from both theoretical and empirical levels, this book provides useful perspective to anyone interested in the relationship between governance institutions and firm performance. (Jon Klick, Penn Law) This insightful book shares with Madison’s "Federalist #10" a concern for potentially disruptive effects from "majority factions." Falaschetti reminds us that some of our most costly policies result from democratic responsiveness, while some of our most successful policies come from organizations (e.g. courts, the Fed) that insulate us from democratic pressures. (Gary Miller, Washington University, Political Science)
Member of
Is Subseries of
http://library.link/vocab/creatorName
Falaschetti, Dino
Dewey number
  • 307.120994
  • 336
http://bibfra.me/vocab/relation/httpidlocgovvocabularyrelatorsaut
RUIYGFuOL6Y
Language note
English
LC call number
HJ9-9940
Literary form
non fiction
Nature of contents
dictionaries
Series statement
Studies in Public Choice,
Series volume
14
http://library.link/vocab/subjectName
  • Public finance
  • Political science
  • Law and economics
  • Organization
  • Public Economics
  • Political Science
  • Law and Economics
  • Organization
Label
Democratic Governance and Economic Performance : How Accountability Can Go Too Far in Politics, Law, and Business, by Dino Falaschetti, (electronic resource)
Instantiates
Publication
Note
Description based upon print version of record
Bibliography note
Includes bibliographical references and index
Carrier category
online resource
Carrier category code
cr
Content category
text
Content type code
txt
Contents
A General Theory and Statistical Evidence -- Theory -- Natural Experiments -- Statistical Evidence -- Implications for Political Bureaucracy, Competition Law, and Business Organization -- Politics -- Law -- Business -- Conclusion
Dimensions
unknown
Extent
1 online resource (145 p.)
Form of item
online
Isbn
9780387787077
Media category
computer
Media type code
c
Other control number
10.1007/978-0-387-78707-7
Specific material designation
remote
System control number
  • (CKB)1000000000761366
  • (EBL)450586
  • (OCoLC)437024676
  • (SSID)ssj0000769286
  • (PQKBManifestationID)12324206
  • (PQKBTitleCode)TC0000769286
  • (PQKBWorkID)10780715
  • (PQKB)10957764
  • (SSID)ssj0000136632
  • (PQKBManifestationID)11954140
  • (PQKBTitleCode)TC0000136632
  • (PQKBWorkID)10084250
  • (PQKB)11517373
  • (DE-He213)978-0-387-78707-7
  • (MiAaPQ)EBC450586
  • (EXLCZ)991000000000761366
Label
Democratic Governance and Economic Performance : How Accountability Can Go Too Far in Politics, Law, and Business, by Dino Falaschetti, (electronic resource)
Publication
Note
Description based upon print version of record
Bibliography note
Includes bibliographical references and index
Carrier category
online resource
Carrier category code
cr
Content category
text
Content type code
txt
Contents
A General Theory and Statistical Evidence -- Theory -- Natural Experiments -- Statistical Evidence -- Implications for Political Bureaucracy, Competition Law, and Business Organization -- Politics -- Law -- Business -- Conclusion
Dimensions
unknown
Extent
1 online resource (145 p.)
Form of item
online
Isbn
9780387787077
Media category
computer
Media type code
c
Other control number
10.1007/978-0-387-78707-7
Specific material designation
remote
System control number
  • (CKB)1000000000761366
  • (EBL)450586
  • (OCoLC)437024676
  • (SSID)ssj0000769286
  • (PQKBManifestationID)12324206
  • (PQKBTitleCode)TC0000769286
  • (PQKBWorkID)10780715
  • (PQKB)10957764
  • (SSID)ssj0000136632
  • (PQKBManifestationID)11954140
  • (PQKBTitleCode)TC0000136632
  • (PQKBWorkID)10084250
  • (PQKB)11517373
  • (DE-He213)978-0-387-78707-7
  • (MiAaPQ)EBC450586
  • (EXLCZ)991000000000761366

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