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Das Governance-Dilemma der demokratischen Wirtschaftspolitik

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  • Kruse, Joern

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    (Helmut Schmidt University, Hamburg)

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    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.

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    Bibliographic Info

    Paper provided by Helmut Schmidt University, Hamburg in its series Working Paper with number 94/2009.

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    Length: 32 pages
    Date of creation: 10 Aug 2009
    Date of revision:
    Handle: RePEc:ris:vhsuwp:2009_094

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    Related research

    Keywords: Delegation; Politische Institutionen; Zwei-Kammer-Systeme; Senat;

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