Donald A. Wittman The Myth of Democratic Failure Reviews Summary

Ratings Breakdown

Rated 3.8 by 6 people

Pros from Reviews

  • Comprehensive overview of public choice literature
  • Addresses the rational expectation hypothesis

Cons from Reviews

  • Flawed assumptions about democracy
  • Confuses wealth maximization with Pareto efficiency
  • Ignores empirical evidence on special interest groups
  • Claims voters are well informed without proving it
  • Fails to account for variations in economic performance among democracies
  • Dismisses empirical realities about wasteful bureaucracies
  • Neglects the influence of ideology in democracies
  • Lack of attention to constitutional and institutional reform
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