By M. Mitsopoulos, Theodore Pelagidis
Because the tensions in the Greek economy take centre degree within the foreign headlines, this booklet examines the operating of the Greek political approach and how it relates with the Greek society. It investigates how and why Greece is simply the 1st, prototype kingdom of the autumn of the western debt get together.
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Extra resources for Understanding the Crisis in Greece: From Boom to Bust
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Hayek, F. A. (1960), The Constitution of Liberty. Chicago: University of Chicago Press. , L. Lindenberg and L. ” Science. 1161405. Kelling, G. L. and C. M. Coles (1997), Fixing Broken Windows: Restoring Order and Reducing Crime in Our Communities. New York: Touchstone. Mitsopoulos, M. ” Bulletin of Economic Research 61(3): 201–22. Mitsopoulos, M. and T. ” Intereconomics: Review of European Economic Policy, 43(5): 282–288. Mitsopoulos, M. and T. ” The Journal of Economic Policy Reform, 10(3): 177–92.
The literature has investigated in great detail how the design of political systems and the incentives, that affect both individuals and officials, determine their behavior toward corruption and democratic policy choice, and the ultimate outcome for both individuals and society as a whole. This work has placed, in addition, great emphasis on the significance accountability has. At the same time seminal work has strived to understand how the structure of these policital systems affects the ability of the different political systems to aggregate and effectively enforce the policies that are preferred by society.
In these cases of illegal activity the rent is obtained through suffocating blackmailing of the lawmakers and the executive, and blunt horse-trading with the administration, in the sense of Tullock (2005): it is taken as a given that nobody will ever report the breaking of the law and in the rare case that this happens no punishment or remedy will be enforced in any effective way. com - licensed to ETH Zuerich - PalgraveConnect - 2011-05-06 Vikings in Greece 9 10 Understanding the Crisis in Greece The expression of the voice of a voter in a system that favors public debate and the incorporation of different preferences that are voiced by various participants in the debate is shunned by the Greek political system that privileges the lack of both transparency and accountability of the mandate holders in the executive and legislative branches of government.