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Rational Democracy:A Political System for Universal Interest

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  • Mo, Pak Hung

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.

Suggested Citation

  • Mo, Pak Hung, 2012. "Rational Democracy:A Political System for Universal Interest," MPRA Paper 35819, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:35819
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    File URL: https://mpra.ub.uni-muenchen.de/35819/1/MPRA_paper_35819.pdf
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    References listed on IDEAS

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    1. Assar Lindbeck & Sten Nyberg, 2006. "Raising Children to Work Hard: Altruism, Work Norms, and Social Insurance," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 121(4), pages 1473-1503.
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    3. Peter Bernholz & Roland Vaubel (ed.), 2004. "Political Competition, Innovation and Growth in the History of Asian Civilizations," Books, Edward Elgar Publishing, number 3505.
    4. Tideman, Nicolaus, 1994. "Capacities and Limits of Democracy," American Economic Review, American Economic Association, vol. 84(2), pages 349-352, May.
    5. Brennan,Geoffrey & Hamlin,Alan, 2000. "Democratic Devices and Desires," Cambridge Books, Cambridge University Press, number 9780521639774.
    6. Pak Hung Mo, 1995. "Effective Competition and Economic Development of Imperial China," Kyklos, Wiley Blackwell, vol. 48(1), pages 87-103, February.
    7. repec:hhs:iuiwop:557 is not listed on IDEAS
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    More about this item

    Keywords

    Political System Design; Economic Development;

    JEL classification:

    • H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
    • P48 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Legal Institutions; Property Rights; Natural Resources; Energy; Environment; Regional Studies
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State

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