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Redesigning Democracy
Could democracy do better? This book presents a vision on optimal democracies and a set of new rules to help achieve them. The monograph follows on the author’s successful book “Designing Democracy” from 2005 and further develops its ideas. While liberal democracies are the best systems of self-governance for societies, they rarely provoke great enthusiasm. Democracies have been known to fail in achieving efficient outcomes and fair distributions of wealth. Moreover, many citizens take the democratic system for granted, simply because they have yet to experience an alternative. This book argues that the potential offered by democracies has not yet been exhausted, and that optimal democ...
Groups and Markets
This monograph studies multi-member households or, more generally, socio-economic groups from a purely theoretical perspective and within a general equilibrium framework, in contrast to a sizeable empirical literature. The approach is based on the belief that households, their composition, decisions and behavior within a competitive market economy deserve thorough examination. The authors set out to link the formation, composition, decision-making, and stability of households. They develop general equilibrium models of pure exchange economies in which households can have several, typically heterogeneous members and act as collective decision-making units on the one hand and as competitive ma...
Patent Intensity and Economic Growth
A theoretical critique of the patent and innovation policy funnelled by intellectual property instruments towards developing countries.
Urban Environmental Policy Analysis
This timely book provides a wealth of useful information for following through on today's renewed concern for sustainability and environmentalism. It's designed to help city managers, policy analysts, and government administrators think comprehensively and communicate effectively about environmental policy issues.The authors illustrate a system-based framework model of the city that provides a holistic view of environmental media (land, air, and water) while helping decision-makers to understand the extent to which environmental policy decisions are intertwined with the natural, built, and social systems of the city. They go on to introduce basic and environment-specific policy-analytic mode...
Uncertainty and Risk
This book tries to sort out the different meanings of uncertainty and to discover their foundations. It shows that uncertainty can be represented using various tools and mental guidelines. Coverage also examines alternative ways to deal with risk and risk attitude concepts. Behavior under uncertainty emerges from this book as something to base more on inquiry and reflection rather than on mere intuition.
Moving Health Sovereignty in Africa
Today’s era of intense globalization has unleashed dynamic movements of people, pathogens, and pests that overwhelm the static territorial jurisdictions on which the governance provided by sovereign states and their formal intergovernmental institutions is based. This world of movement calls for new ideas and institutions to govern people’s health, above all in Africa, where the movements and health challenges are the most acute. This book insightfully explores these challenges in ways that put the perspectives of Africans themselves at centre stage. It begins with the long central and still compelling African health challenge of combating the pandemic of HIV/AIDS. It then examines the g...
The Bankers’ New Clothes
A Wall Street Journal, Financial Times, and Bloomberg Businessweek Book of the Year Why our banking system is broken—and what we must do to fix it New bank failures have been a rude awakening for everyone who believed that the banking industry was reformed after the Global Financial Crisis—and that we’d never again have to choose between massive bailouts and financial havoc. The Bankers’ New Clothes uncovers just how little things have changed—and why banks are still so dangerous. Writing in clear language that anyone can understand, Anat Admati and Martin Hellwig debunk the false and misleading claims of bankers, regulators, politicians, academics, and others who oppose effective reform, and they explain how the banking system can be made safer and healthier. Thoroughly updated for a world where bank failures have made a dramatic return, this acclaimed and important book now features a new preface and four new chapters that expose the shortcomings of current policies and reveal how the dominance of banking even presents dangers to the rule of law and democracy itself.
Tales of Peasants, Traders, and Officials
Tales of Peasants, Traders, and Officials: Contracting in Rural Andhra Pradesh, 1980†“82 stems from a research project in the subfield of rural economic organization, with a focus on credit and irrigation, and on how public policy in these domains influenced agricultural development. The fieldwork was carried out in three states of the Indian Union between 1980 to 1982, including 14 villages in Andhra Pradesh. The survey covered villagers’ dealings in the markets for labor, tenancies, credit, and crops. It revealed not only diverse contractual forms in those markets, but also their interplay with access to credit and its terms. Understanding what motivates agents to contract in a parti...
