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.
Donald J. Boudreaux is a Research Fellow at the Independent Institute, Associate Editor of The Independent Review, and Professor of Economics at George Mason University.
Economic History and DevelopmentEconomyGovernment and PoliticsLaw and LibertyPolitical HistoryPolitical TheoryPublic Choice
Other Independent Review articles by Donald J. Boudreaux
Fall 2021 Trade Wars Are Class Wars: How Rising Inequality Distorts the Global Economy and Threatens International Peace
Spring 2020 Today’s Relevance of Adam Smith’s Wealth of Nations
Fall 2015 Thomas Piketty’s Flawed Analyses of Public Debt and Executive Compensation
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