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The political economy of liberal democracy
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Mukand, Sharun W. and Rodrik, Dani (2020) The political economy of liberal democracy. The Economic Journal, 130 (627). pp. 765-792. doi:10.1093/ej/ueaa004 ISSN 0013-0133.
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Official URL: https://doi.org/10.1093/ej/ueaa004
Abstract
This paper develops a taxonomy of political regimes that distinguishes between three sets of rights - property rights, political rights and civil rights. The truly distinctive nature of liberal democracy is the protection of civil rights (equal treatment by the state for all groups) in addition to the other two. The paper shows how democratic transitions that are the product of a settlement between the elite (who care mostly about property rights) and the majority (who care about political rights), generically fail to produce liberal democracy. Instead, the emergence of liberal democracy requires low levels of inequality and weak identity cleavages.
Item Type: | Journal Article | ||||||||
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Subjects: | J Political Science > JC Political theory | ||||||||
Divisions: | Faculty of Social Sciences > Economics | ||||||||
Library of Congress Subject Headings (LCSH): | Democracy -- Economic aspects, Civil rights -- Economic aspects, Liberalism, Political rights -- Economic aspects | ||||||||
Journal or Publication Title: | The Economic Journal | ||||||||
Publisher: | Oxford University Press | ||||||||
ISSN: | 0013-0133 | ||||||||
Official Date: | April 2020 | ||||||||
Dates: |
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Volume: | 130 | ||||||||
Number: | 627 | ||||||||
Page Range: | pp. 765-792 | ||||||||
DOI: | 10.1093/ej/ueaa004 | ||||||||
Status: | Peer Reviewed | ||||||||
Publication Status: | Published | ||||||||
Reuse Statement (publisher, data, author rights): | This is a pre-copyedited, author-produced version of an article accepted for publication in Sharun W Mukand, Dani Rodrik, The Political Economy of Liberal Democracy, The Economic Journal, Volume 130, Issue 627, April 2020, Pages 765–792, https://doi.org/10.1093/ej/ueaa004 is available online at: https://doi.org/10.1093/ej/ueaa004 | ||||||||
Access rights to Published version: | Restricted or Subscription Access | ||||||||
Date of first compliant deposit: | 12 March 2019 | ||||||||
Date of first compliant Open Access: | 15 January 2022 | ||||||||
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