Das Governance-Dilemma der demokratischen Wirtschaftspolitik

Joern Kruse ()
Additional contact information
Joern Kruse: Helmut Schmidt University, Hamburg, Postal: Helmut Schmidt University Hamburg, Institute of Economic Policy, Holstenhofweg 85, 22043 Hamburg

No 94/2009, Working Paper from Helmut Schmidt University, Hamburg

Abstract: As a result of the prevailing governance structure, economic policy in democracies usually suffers from specific deficiencies. Among these are the predominance of distributive over efficiency objectives, the neglect of long-run effects, and the lack of or biased use of expert knowledge in the political decision making process. These deficiencies can be attributed to a 'monopoly of democratic legitimacy' of the politicians and parties, an overloaded democratic delegation, the influence of interest groups, and the short-run incentives in the political process. The focus of this paper is on the reform of the governance structure of economic policy. It is suggested that a 'dual democratic legitimacy' should be introduced. A 'senate' which is independent of the political parties will be directly elected by the people. The senate firstly works as a second chamber in bicameralistic legislation, closely cooperating with consultative expert institutions. Secondly, the senate acts as a principal for any public institution outside of the parliament and the government, appointing the top personnel.

Keywords: Delegation; Politische Institutionen; Zwei-Kammer-Systeme; Senat (search for similar items in EconPapers)
JEL-codes: D02 D72 (search for similar items in EconPapers)
Pages: 32 pages
Date: 2009-08-10
New Economics Papers: this item is included in nep-cdm, nep-ger, nep-pbe and nep-pol
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.hsu-hh.de/fgvwl/index_A2Z9TXuc4CFIlJNm.html Full text (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.hsu-hh.de/fgvwl/index_A2Z9TXuc4CFIlJNm.html [301 Moved Permanently]--> https://www.hsu-hh.de/fgvwl/index_A2Z9TXuc4CFIlJNm.html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:vhsuwp:2009_094

Access Statistics for this paper

More papers in Working Paper from Helmut Schmidt University, Hamburg Contact information at EDIRC.
Bibliographic data for series maintained by Klaus Bekcmann ( this e-mail address is bad, please contact ).