Democracy: At What Cost?

3 Pages Posted: 5 Apr 2016

See all articles by Rabi Subudhi

Rabi Subudhi

KIIT University - School of Management; KIIT University; KIIT University - School of Management

Date Written: April 20, 2015

Abstract

It is believed that ‘democracy’ is an achievement (and also the strength) of (global) civilized society, apparently for socio-economic equity and parity. We have, through enormous collective effort, moved willfully from earlier/older forms of governance (like: monarchy/anarchy/dictatorship... etc.) to ‘democracy’. This is a form of self-government ‘of the people, by the people and for the people’.

We have different scales (and methodologies) of measurements of ‘democracies’ of the world, today. By size of population, India and USA have the biggest ‘democracies’. But real ‘good’ democracies are reportedly: 1.Norway, 2.Sweden, 3.Finland, 4.Finland, and 5.Denmark.

In this working paper, We here shall focus on the staggering amount of money, being spent both, by the people and the Governments of those democracies. We invite debate and academic discussion on various issues relating to poll expenses and the black-money involved in it. May be, we shall try to figure out, if there is a ‘demon’ coming out of the ‘democracy’?

Keywords: Democracy, Black-money, election-cost

JEL Classification: C81, P16, P26, R50, H50

Suggested Citation

Subudhi, Rabi, Democracy: At What Cost? (April 20, 2015). Available at SSRN: https://ssrn.com/abstract=2758576 or http://dx.doi.org/10.2139/ssrn.2758576

Rabi Subudhi (Contact Author)

KIIT University - School of Management ( email )

Campus - 7
KIIT
Bhubaneswar, Odisha 751024
India
91-674-2725713 (Phone)
91-674-2725278 (Fax)

HOME PAGE: http://www.ksom.ac.in

KIIT University ( email )

Bhubaneswar, Orissa 751024
India
916742725713 (Phone)
916742725378 (Fax)

HOME PAGE: http://www.kiit.ac.in

KIIT University - School of Management ( email )

Campus 7, KIIT School of Management
KIIT University
Bhubaneswar, OR Odisha 751024
India

HOME PAGE: http://www.ksom.ac.in

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