Rational Democracy:A Political System for Universal Interest

Pak-Hung Mo

MPRA Paper from University Library of Munich, Germany

Abstract: In this paper, we formulate a political system that can satisfy certain desirable characteristics that include democratic participation, serving for universal interest, public sector efficiency, and sustainable by incentive compatibility and virtuous cycles. The system comprises a set of rules and organizations that provide motivations and supports to the participants for enhancing universal interest. It is a political structure that serves the people, rules by rationality, strives for efficiency and is sustainable. They will drive the society toward harmony and rapid growth in the quality of life for all.

Keywords: Political System Design; Economic Development (search for similar items in EconPapers)
JEL-codes: D72 H11 P16 P48 (search for similar items in EconPapers)
Date: 2012-01
New Economics Papers: this item is included in nep-cdm and nep-pol
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:35819

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