Democratic Devices and Desires

This book offers an approach to the economic analysis of democracy.

This book offers an approach to the analysis of democracy, and an application of that approach to a variety of democratic institutions, including elections, representation, parties and the separation of powers. They develop standard economic approaches to politics by assuming individuals are moral, as well as rational and self-interested.This book offers an account of key features of modern representative democracy. Working from the rational actor tradition, it builds a middle ground between orthodox political theory and the economic analysis of politics. Standard economic models of politics emphasise the design of the institutional devices of democracy as operated by essentially self-interested individuals. This book departs from that model by focusing on democratic desires alongside democratic devices, stressing that important aspects of democracy depend on the motivation of democrats and the interplay between devices and desires. Individuals are taken to be not only rational, but also somewhat moral. The authors argue that this approach provides access to aspects of the debate on democratic institutions that are beyond the narrowly economic model. They apply their analysis to voting, elections, representation, political departments and the separation and division of powers, providing a wide-ranging discussion of the design of democratic institutions.