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Behavioral Political Economy and Democratic Theory: Fortifying Democracy for the Digital Age
Behavioral Political Economy and Democratic Theory: Fortifying Democracy for the Digital Age
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This book explores the challenges of liberal democracies in the digital age, combining economics, psychology, and political philosophy to address issues of disinformation, polarization, and the limits of human rationality. It argues for a behaviorally informed theory of democracy and examines how scientific knowledge can inform the design of resilient democratic institutions.
Format: Paperback / softback
Length: 182 pages
Publication date: 29 January 2024
Publisher: Taylor & Francis Ltd
In the face of the ever-evolving technological landscape, liberal democracies are grappling with a profound challenge: how to navigate the boundaries of human rationality while embracing the advancements of modern technologies. This book delves into the complex interplay between these two forces, exploring the challenges and opportunities they present.
The emergence of the digital space has brought with it a host of threats, including disinformation and political polarization. These challenges threaten the very foundations of democratic societies, as they undermine the ability of citizens to make informed decisions and engage in meaningful political discourse.
To address these challenges, the book employs an economic approach informed by behavioral sciences findings. It seeks to understand how these threats can be mitigated while preserving a commitment to democratic values and maximizing the epistemic benefits of democratic decision-making.
The book is divided into two key strands. The first strand provides a systematic argument for building a behaviorally informed theory of democracy. It explores the rationality assumption that underpins much of the research in behavioral sciences and examines its implications for democratic decision-making. The second strand examines how scientific knowledge on the quirks and bounds of human rationality can inform the design of resilient democratic institutions.
Through these two strands, the book explores the centrality of the rationality assumption in the methodological debates surrounding behavioral sciences, such as the dispute between neoclassical and behavioral economics. It also examines the role of (ir)rationality in democratic social choice, behaviorally informed paternalism as a response to the challenge of irrationality, and non-paternalistic avenues to increase the resilience of democratic institutions toward political irrationality.
This book is invaluable reading for anyone interested in behavioral economics and sciences, political philosophy, and the future of democracy. It offers a comprehensive and thought-provoking exploration of the challenges and opportunities facing liberal democracies in the digital age. By combining insights from economics, psychology, and political philosophy, the book provides a roadmap for building a more resilient and inclusive democratic society.
Weight: 453g
Dimension: 234 x 156 (mm)
ISBN-13: 9781032229751
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