Lecture 4 Rules of the Game

Lecture 4 Rules of the Game - Lecture 4 Rules of the Game:...

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Lecture 4 Rules of the Game: A. What is constitution Constitution with a small or capital C? (we discuss with small c at here) Rules of the political game, particularly concerning policy procedures and the distribution of rights and authority Different types of constitutions (regimes) Democracy Authoritarianism (autocracy) B. What is democracy? Effective but limited Government (the government cannot extract all power from citizens) Civil and political rights (participation, eligibility, freedom of association, toleration of opposition) Popular sovereignty (all power ultimately derived from the people Selection (free, fair and competitive elections) Accountability (regulation, possibility of rejection) [missed] C. Challenges in constitutional design Legitimacy (making rules conform with popular preferences) Incentive compatibility (making sure that the private interests of those who hold power are aligned with the public interest) Information problems in selecting good public officials
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Lecture 4 Rules of the Game - Lecture 4 Rules of the Game:...

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