Costing secrecy

Mark Harrison, 15 January 2014

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From public finance to climate change, democracy looks to be in trouble. In many Western countries, political decisions are gridlocked while economic, social, and environmental imbalances accumulate. Our leaders juggle public opinion, private lobbies, and expert advice while trying to live within past promises and present legal obligations.

Topics: Economic history, Politics and economics
Tags: autocracy, democracy, dictatorship, secrecy, Soviet Union, transaction costs

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