While democratic property rights may diffuse the technical knowledge across society, these democratic property rights are irrelevant in diminishing returns production structures with a low technological base.
In Acemoglu (2008), the author highlights the political origins of technological change in less democratic societies, political elites create entry barriers into different economic activities (oligarchic property rights), but in democratic societies, there is free entry and exit (democratic property rights).
More dismaying was the Clinton refusal to see that its Russia policy -- by failing to tie economic aid to democratic reform and property rights -- has been a flop.
In a society held together by commerce and property, and by law based on property — modern democratic society — such commonsense ideas offer the minimal but necessary faith.
Hillary Clinton wants to reclassify marijuana as a less dangerous substance in order to allow more research into the drug's medicinal properties, the Democratic presidential candidate said Saturday in South Carolina. .
Council Speaker Gifford Miller briefed the Democratic caucus yesterday about property taxes and how much money various increases would raise, according to several members who attended the meeting.
A more moderate set of leaders in Brazil, Uruguay and Guatemala put forth an alternative: reducing poverty through major social reforms without turning their backs on democratic institutions or private property rights.
Both of their books are careful examinations of how the Internet appears to challenge existing ideas about some very large and basic issues: free speech, privacy, democratic decision-making, intellectual property, law enforcement and national sovereignty.
Under pressure from that authority, Mr. Mangano's Democratic predecessor, Thomas R. Suozzi, raised property taxes, shrank the county work force and reduced the county's reliance on borrowing to pay for operating costs.
We then study democratic mechanisms with the property that tax payers vote over public goods.
