{"title":"The Economic Significance of Democracy","authors":"Zhang Yuyan","doi":"10.2753/CES1097-1475320485","DOIUrl":null,"url":null,"abstract":"Economists are known to love to apply their omnipotent tools of economic analysis to just about every phenomena, including natural ones. Whether this basic \"flaw\" by economists will result in a general social crisis, or simply undermine their own academic credentials, I cannot say. But one thing is certain: the only hope they have of making a contribution to humanity is by the short-cut route offered by this \"flaw.\" Such an effort is apparent in the topic I have chosen for my paper, namely, the economic significance of democracy. To understand my reasons for pursuing this issue, look no further than the recent article by the economist Mancur Olson (University of Maryland) entitled \"Dictatorship, Democracy, and Development\" (>i>American Political Science Review>/i> 87, no. 3, September 1993, pp. 567-76).","PeriodicalId":45785,"journal":{"name":"CHINESE ECONOMY","volume":"17 1","pages":"85-97"},"PeriodicalIF":1.4000,"publicationDate":"1999-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.2753/CES1097-1475320485","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"CHINESE ECONOMY","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2753/CES1097-1475320485","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
Abstract
Economists are known to love to apply their omnipotent tools of economic analysis to just about every phenomena, including natural ones. Whether this basic "flaw" by economists will result in a general social crisis, or simply undermine their own academic credentials, I cannot say. But one thing is certain: the only hope they have of making a contribution to humanity is by the short-cut route offered by this "flaw." Such an effort is apparent in the topic I have chosen for my paper, namely, the economic significance of democracy. To understand my reasons for pursuing this issue, look no further than the recent article by the economist Mancur Olson (University of Maryland) entitled "Dictatorship, Democracy, and Development" (>i>American Political Science Review>/i> 87, no. 3, September 1993, pp. 567-76).
期刊介绍：
The Chinese Economy offers an objective and analytical perspective on economic issues concerning China. It features research papers by scholars from around the world as well as selected translations of important articles from Chinese sources. The journal aims to provide expert insight on China"s economic development and directions for future research and policy analysis.
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