WIC Hybrid Colloquium ***************************** Reinhard Neck, University of Klagenfurt Democracy between anarchy and dictatorship: A fragile balance Wednesday, 2 April 2025 16:00-17:00 (CEST) (save to your calendar - .ics-file<https://www.oeaw.ac.at/fileadmin/subsites/Institute/VID/ICAL-files/Colloquium/20250402_WIC-Colloquium.ics>) The hybrid seminar will be held in person at PSK Building, Georg Coch Platz 2, 1010 Vienna, 3rd floor, meeting room 1 and online via Zoom. Please register here: https://www.oeaw.ac.at/vid/events/wic-colloquium/wic-colloquium-registration <https://www.oeaw.ac.at/vid/events/wic-colloquium/wic-colloquium-registration> Login information for online participation will be sent to all registered participants shortly before the start of the presentation. Abstract: This paper investigates the situation of liberal democracies using a dynamic model originating from biology, the Holling type III functional response, augmented by negative external effects, between two groups in a society, the elite and civil society. Although we start from observations and basic questions as posed by Acemoglu and Robinson in their work on the "narrow corridor", our approach delivers a greater variety of dynamic behavior and additional insights into challenges for liberal democracy. We analyze the dynamics of an uncontrolled system, a system with one-sided control by the elite, and a game model with strategic interactions between the two groups using dynamic systems theory, bifurcation theory, optimal control theory, and dynamic game theory. A low prevalence of negative effects between groups, a low inequality of initial endowments, and a low discount rate of future events are helpful for establishing a liberal democracy. Somewhat unexpectedly, the competitive dynamic game model seems to grant slightly better chances for democracy, thereby questioning the idea of Thomas Hobbes' "Leviathan". About the presenter: Reinhard Neck, Professor of Economics Emeritus, Alpen-Adria-Universität Klagenfurt, Klagenfurt, Austria; Research Fellow, CESifo, Munich, Germany; Visiting Professor, University of Ljubljana, Slovenia; Vice-President, Karl Popper Foundation Klagenfurt; President, Kärntner Institut für Höhere Studien (KIHS), Klagenfurt. Publications: (co-)author or editor of 55 books and special issues of international journals; 360 articles in academic journals and collective volumes in economics and related disciplines (operations research, statistics, mathematics, history, philosophy). ********************************************************************************** PLEASE SEE https://www.oeaw.ac.at/vid/events/wic-colloquium FOR OUR UPCOMING AND PREVIOUS COLLOQUIA **********************************************************************************