The Political Economy of Liberal Democracy / Sharun Mukand, Dani Rodrik.

Format:

Book

Author/Creator:

Mukand, Sharun.

Contributor:

National Bureau of Economic Research.

Rodrik, Dani.

Series:

Working Paper Series (National Bureau of Economic Research) no. w21540.

NBER working paper series no. w21540

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2015.

Summary:

We distinguish between three sets of rights - property rights, political rights, and civil rights - and provide a taxonomy of political regimes. The distinctive nature of liberal democracy is that it protects civil rights (equality before the law for minorities) in addition to the other two. Democratic transitions are typically the product of a settlement between the elite (who care mostly about property rights) and the majority (who care mostly about political rights). Such settlements rarely produce liberal democracy, as the minority has neither the resources nor the numbers to make a contribution at the bargaining table. We develop a formal model to sharpen the contrast between electoral and liberal democracies and highlight circumstances under which liberal democracy can emerge. We discuss informally the difference between social mobilizations sparked by industrialization and decolonization. Since the latter revolve around identity cleavages rather than class cleavages, they are less conducive to liberal politics.

Notes:

Print version record

September 2015.