Nonmajoritarian institutions and the limits of democratic governance: a political transaction-cost approach

Article Abstract:

Issues are presented concerning the delegation of power to nonmajoritarian institutions in order to reduce political transaction costs. The relationship between independent delegate and political sovereign is discussed.

Constitutions, State, State constitutions

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Fiduciaries, servants, agents, and situational effects

Article Abstract:

A comment on Giandomenico Malone's work concerning the use of the fiduciary principle for the replacement of the agent-principal aspect of political institutions is present. Fiduciary delegation by parliament is discussed.

Management, Legislative bodies, Fiduciary duties

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Authoritarian agents of democratic principals?

Article Abstract:

A commentary on the work of Giandomenico Majone concerning nonmajoritarian institutions is presented. The limits of democratic governance in a methodological and substantive perspective are discussed.

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