Budgeting and public debt within a system of cooperative democracy

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Chapter 4 in Public Debt, 2017, pp 84-110 from Edward Elgar Publishing

Abstract: This chapter establishes an analytical benchmark of a democratic system in which political outcomes reflect genuine consensus among the participants. This benchmark traces to Antonio de Viti de Marco’s construction of contrasting models of democratic action. The theory of a wholly cooperative democratic regime provides a benchmark against which to examine actual democratic processes and arrangements. In this respect, and looking ahead, de Viti recognized that democratic regimes were not passive reflectors of individual preference orderings because they entailed relationships of domination and subordination.

Keywords: Economics and Finance (search for similar items in EconPapers)
Date: 2017
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