10% Less Democracy ? Why You Should Trust Elites a Little More and the Masses a Little Less
Why You Should Trust Elites a Little More and the Masses a Little Less
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Product details:
- Edition number 1
- Publisher MK ? Stanford University Press
- Date of Publication 4 February 2020
- ISBN 9781503603578
- Binding Hardback
- No. of pages248 pages
- Size 237x161x27 mm
- Weight 534 g
- Language English
- Illustrations 3 figures 59
Categories
Short description:
Democracy is a matter of degree, and this book offers mainstream empirical evidence that shows how rich democracies would be better off with a few degrees less of it.
MoreLong description:
During the 2016 presidential election, both Donald Trump and Bernie Sanders argued that elites were hurting the economy. But, drawing together evidence and theory from across economics, political science, and even finance, Garett Jones says otherwise. In 10% Less Democracy, he makes the case that the richest, most democratic nations would be better off if they slightly reduced accountability to the voting public, turning up the dial on elite influence.
To do this, Jones builds on three foundational lines of evidence in areas where he has personal experience. First, as a former staffer in the U.S. Senate, he saw how senators voted differently as elections grew closer. Second, as a macroeconomist, Jones knows the merits of "independent" central banks, which sit apart from the political process and are controlled by powerful insiders. The consensus of the field is that this detached, technocratic approach has worked far better than more political and democratic banking systems. Third, his previous research on the effects of cognitive skills on political, social, and economic systems revealed many ways in which well-informed voters improve government.
Discerning repeated patterns, Jones draws out practical suggestions for fine-tuning, focusing on the length of political terms, the independence of government agencies, the weight that voting systems give to the more-educated, and the value of listening more closely to a group of farsighted stakeholders with real skin in the game?a nation's sovereign bondholders. Accessible to political news junkies while firmly rooted and rigorous, 10% Less Democracy will fuel the national conversation about what optimal government looks like.
"10% Less Democracy is a joy to read. If you liked Freakonomics or Predictably Irrational, you'll love this book. It deserves to be read widely, widely discussed
