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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

    as
    1. Pak Hung Mo, 1995. "Effective Competition and Economic Development of Imperial China," Kyklos, Wiley Blackwell, vol. 48(1), pages 87-103, February.
    2. Assar Lindbeck & Sten Nyberg, 2006. "Raising Children to Work Hard: Altruism, Work Norms, and Social Insurance," The Quarterly Journal of Economics, Oxford University Press, vol. 121(4), pages 1473-1503.
    3. repec:hhs:iuiwop:557 is not listed on IDEAS
    4. Brennan, Geoffrey & Pettit, Philip, 2004. "The Economy of Esteem: An Essay on Civil and Political Society," OUP Catalogue, Oxford University Press, number 9780199246489.
    5. Brennan,Geoffrey & Hamlin,Alan, 2000. "Democratic Devices and Desires," Cambridge Books, Cambridge University Press, number 9780521630207.
    Full references (including those not matched with items 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 - Economic Systems - - Other Economic Systems - - - Political Economy; Legal Institutions; Property Rights; Natural Resources; Energy; Environment; Regional Studies
    • P16 - Economic Systems - - Capitalist Systems - - - Political Economy of Capitalism

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