Books in Review: The Illusion of Liberal Autocracy

Though it is a burning issue in many countries, the question of money and politics is seldom studied on a worldwide scale.

Although politics today is in critical condition—some even say it is dying—it is all the more important to revive it.

Political elites once held referendums to fend off challenges to European integration. More recently, Euroskeptic parties have employed referendums to batter down the walls of elite consensus. But the spread of referendums threatens to undermine the legitimacy…