In his 1995 book The Myth of Democratic Failure, economist Donald Wittman argues that policies pursued by democratic governments efficiently promote the welfare of all citizens. Although Wittman offers much insight and logically sound argument, his book is fatally flawed by his uncritical use of the analogy between private-property markets and politics.
|Other Independent Review articles by Donald J. Boudreaux|
|Winter 2012||Bourgeois Dignity: Why Economics Cant Explain the Modern World|
|Fall 2011||Peddling Protectionism: Smoot-Hawley and the Great Depression|
|Summer 2007||Nation-States and the Multinational Corporation: A Political Economy of Direct Foreign Investment|
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