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Das Governance-Dilemma der demokratischen Wirtschaftspolitik

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  • Kruse, Joern

    () (Helmut Schmidt University, Hamburg)

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.

Suggested Citation

  • Kruse, Joern, 2009. "Das Governance-Dilemma der demokratischen Wirtschaftspolitik," Working Paper 94/2009, Helmut Schmidt University, Hamburg.
  • Handle: RePEc:ris:vhsuwp:2009_094
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    Keywords

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

    JEL classification:

    • D02 - Microeconomics - - General - - - Institutions: Design, Formation, Operations, and Impact
    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior

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