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The Constitution of Risk is the first book to combine constitutional theory with the theory of risk regulation. The book argues that constitutional rulemaking is best understood as a means of managing political risks. Constitutional law structures and regulates the risks that arise in and from political life, such as an executive coup or military putsch, political abuse of ideological or ethnic minorities, or corrupt self-dealing by officials. The book claims that the best way to manage political risks is an approach it calls "optimizing constitutionalism" - in contrast to the worst-case thinking that underpins "precautionary constitutionalism," a mainstay of liberal constitutional theory. Drawing on a broad range of disciplines such as decision theory, game theory, welfare economics, political science, and psychology, this book advocates constitutional rulemaking undertaken in a spirit of welfare maximization, and offers a corrective to the pervasive and frequently irrational attitude of distrust of official power that is so prominent in American constitutional history and discourse.
This volume challenges the concept of constitutional success, a bedrock assumption of comparative constitutional scholarship.
At the heart of these conflicts are complex water networks.
Motivated employees play a crucial role in creating a companys sustainable competitive advantage. Successful Management by Motivation shows that in a knowledge-based society, this goal cannot be achieved by extrinsic motivation alone. Pay for performance often even hurts because it crowds out intrinsic motivation. To succeed, companies have to find ways of fostering and sustaining intrinsic motivation. With the help of in-depth case studies, representative surveys, and analysis based on a large number of firms and employees, this work identifies the various aspects of motivation in companies and shows how the right combination of intrinsic and extrinsic motivation can be achieved.
Institutions are rules that are supported by various enforcement mechanisms. Cognition refers to the process of how men perceive and process information, whereas rationality refers to how these processes are modelled. Within institutional economics there is a growing scepticism towards extending the conventional economic frame of analysis to institutions. In particular, the notion of perfect rationality is increasingly questioned. At the same time human cognition has become a major field of research in psychology. This book explores what institutional economics can learn from cognitive psychology regarding the proper modelling of rationality in order to explain institutional change.
There has recently been an escalated interest in the interface between psychology and economics. The Cambridge Handbook of Psychology and Economic Behaviour is a valuable reference dedicated to improving our understanding of the economic mind and economic behaviour. Employing empirical methods - including laboratory and field experiments, observations, questionnaires and interviews - the Handbook provides comprehensive coverage of theory and method, financial and consumer behaviour, the environment and biological perspectives. This second edition also includes new chapters on topics such as neuroeconomics, unemployment, debt, behavioural public finance, and cutting-edge work on fuzzy trace theory and robots, cyborgs and consumption. With distinguished contributors from a variety of countries and theoretical backgrounds, the Handbook is an important step forward in the improvement of communications between the disciplines of psychology and economics that will appeal to academic researchers and graduates in economic psychology and behavioral economics.
Beyond Conventional Economics is a diverse collection of eight essays written in honor of public choice legend Geoffrey Brennan. . . There is something here for everyone. . . Eusepi and Hamlin begin this diverse volume with a well-written, informative, and concise introduction. For readers who prefer to pick and choose, Eusepi and Hamlin provide all the guidance you will need. Bryan Caplan, Public Choice . . . our intent in this volume is to give an account of the theoretical endeavours of those who seek to construct an approach to the analysis of political decision making that derives largely from economic theory but also recognises and incorporates other areas of inquiry such as philosophy, more traditional political theory and psychology. This volume presents a critical examination of themes relevant to both human behaviour and economics and political institutions. . . it also offers a state of-the-art tour of new paradigms challenging the dominant economic notion of the individual. From the introduction by the editors Beyond Conventional Economics presents new original work from leading scholars on the interface between the individual and political and social institutions. The book offers a critique of the inadequacies of the conventional economic approach to politics and a state-of-the-art view of new paradigms challenging the dominant economic notion of the individual. A number of chapters also explore the limits of individually rational behaviour in political decision making some by challenging the orthodox content of the idea of rationality, others by providing fresh views on the operation of political processes. This book is a must-read for anyone interested in understanding individual behaviour under limited rationality. Thought-provoking and enlightening, this is a unique book documenting a meaningful debate on the limits of rational behaviour inside public choice circles and will appeal to a wide audience of economists, political scientists and public choice scholars.
The Power of Human Rights (published in 1999) was an innovative and influential contribution to the study of international human rights. At its center was a 'spiral model' of human rights change which described the various socialization processes through which international norms were internalized into the domestic practices of various authoritarian states during the Cold War years. The Persistent Power of Human Rights builds on these insights, extending its reach and analysis. It updates our understanding of the various causal mechanisms and conditions which produce behavioural compliance, and expands the range of rights-violating actors examined to include democratic and authoritarian Great Powers, corporations, guerrilla groups, and private actors. Using a unique blend of quantitative and qualitative research and theory, this book yields not only important new academic insights but also a host of useful lessons for policy-makers and practitioners.