Thursday, March 23, 2006

The Demand for Democracy

Chris Dillow does a very nice variation on a theme introduced by Alex Tabarrok.

I was particularly impressed that CAMRA could make it into a discussion of who was fit for democracy. But there is one very important question:

But is demand fixed and endogenous, or is it mutable?

It is clearly mutable. Not just for material goods, but surely too for institutions, as per their posts.

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