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| Author: | Frey, B. |
| Title: | Direct democracy: politico-economic lessons from Swiss experience |
| Journal: | American Economic Review
1994 : MAY, VOL. 84:2, p. 338-342 |
| Index terms: | DEMOCRACY POLITICS SWEDEN |
| Language: | eng |
| Abstract: | Economic theory does not have a favourable view of direct democracy. Public economics disregards the issue when assuming a benevolent dictator maximizing social welfare. Public choice associates "direct democracy" with various voting rules, but the institutions of direct democracy as such are neglected. The author argues and substantiates by empirical evidence that popular referenda are a feasible and effective institution to fulfil individual preferences and are able to break the cartel of polititians directed against voters and taxpayers. |
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