Democracy and the Market

Democracy and the Market PDF Author: Adam Przeworski
Publisher: Cambridge University Press
ISBN: 9780521423359
Category : Business & Economics
Languages : en
Pages : 230

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Book Description
The quest for freedom from hunger and repression has triggered in recent years a dramatic, worldwide reform of political and economic systems. Never have so many people enjoyed, or at least experimented with democratic institutions. However, many strategies for economic development in Eastern Europe and Latin America have failed with the result that entire economic systems on both continents are being transformed. This major book analyzes recent transitions to democracy and market-oriented economic reforms in Eastern Europe and Latin America. Drawing in a quite distinctive way on models derived from political philosophy, economics, and game theory, Professor Przeworski also considers specific data on individual countries. Among the questions raised by the book are: What should we expect from these experiments in democracy and market economy? What new economic systems will emerge? Will these transitions result in new democracies or old dictatorships?

Democracy and the Market

Democracy and the Market PDF Author: Adam Przeworski
Publisher: Cambridge University Press
ISBN: 9780521423359
Category : Business & Economics
Languages : en
Pages : 230

Get Book Here

Book Description
The quest for freedom from hunger and repression has triggered in recent years a dramatic, worldwide reform of political and economic systems. Never have so many people enjoyed, or at least experimented with democratic institutions. However, many strategies for economic development in Eastern Europe and Latin America have failed with the result that entire economic systems on both continents are being transformed. This major book analyzes recent transitions to democracy and market-oriented economic reforms in Eastern Europe and Latin America. Drawing in a quite distinctive way on models derived from political philosophy, economics, and game theory, Professor Przeworski also considers specific data on individual countries. Among the questions raised by the book are: What should we expect from these experiments in democracy and market economy? What new economic systems will emerge? Will these transitions result in new democracies or old dictatorships?

How Ukraine Became a Market Economy and Democracy

How Ukraine Became a Market Economy and Democracy PDF Author: Anders Åslund
Publisher: Columbia University Press
ISBN: 0881325066
Category : Political Science
Languages : en
Pages : 371

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Book Description
One of Europe's old nations steeped in history, Ukraine is today an undisputed independent state. It is a democracy and has transformed into a market economy with predominant private ownership. Ukraine's postcommunist transition has been one of the most protracted and socially costly, but it has taken the country to a desirable destination. Åslund's vivid account of Ukraine's journey begins with a brief background, where he discusses the implications of Ukraine's history, the awakening of society because of Mikhail Gorbachev's reforms, the early democratization, and the impact of the ill-fated Soviet economic reforms. He then turns to the reign of President Leonid Kravchuk from 1991 to 1994, the only salient achievement of which was nation-building, while the economy collapsed in the midst of hyperinflation. The first two years of Leonid Kuchma's presidency, from 1994 to 1996, were characterized by substantial achievements, notably financial stabilization and mass privatization. The period 1996–99 was a miserable period of policy stagnation, rent seeking, and continued economic decline. In 2000 hope returned to Ukraine. Viktor Yushchenko became prime minister and launched vigorous reforms to cleanse the economy from corruption, and economic growth returned. The ensuing period, 2001–04, amounted to a competitive oligarchy. It was quite pluralist, although repression increased. Economic growth was high. The year 2004 witnessed the most joyful period in Ukraine, the Orange Revolution, which represented Ukraine's democratic breakthrough, with Yushchenko as its hero. The postrevolution period, however, has been characterized by great domestic political instability; a renewed, explicit Russian threat to Ukraine's sovereignty; and a severe financial crisis. The answers to these challenges lie in how soon the European Union fully recognizes Ukraine's long-expressed identity as a European state, how swiftly Ukraine improves its malfunctioning constitutional order, and how promptly it addresses corruption.

Markets and Democracy

Markets and Democracy PDF Author: Samuel Bowles
Publisher: Cambridge University Press
ISBN: 9780521432238
Category : Business & Economics
Languages : en
Pages : 372

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Book Description
This book asks whether a modern, efficient economy can be rendered democratically accountable, and, if so, what strategic changes might be required to regulate the market- based interaction of economic agents. The contributors bring contemporary microeconomic theory to bear in an attempt to find a progressive replacement to traditional state socialism. Various approaches to the study of economic interaction are considered in an attempt to understand the relationship between power and efficiency in market economies.

The Market System

The Market System PDF Author: Charles E. Lindblom
Publisher: Yale University Press
ISBN: 0300129084
Category : Political Science
Languages : en
Pages : 304

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Book Description
Just what is the market system? This clear and accessible book answers this question, then explains how it works and what it can and cannot do. Lindblom, writing in nontechnical language for a wide general audience, offers an evenhanded view of the market system and its prospects for the future.

Democracy and the Economy in Finland and Sweden since 1960

Democracy and the Economy in Finland and Sweden since 1960 PDF Author: Ilkka Kärrylä
Publisher: Springer Nature
ISBN: 3030806316
Category : History
Languages : en
Pages : 373

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Book Description
This book explores the relationship between democracy and the economy in contemporary political thought and policy-making. Using the concepts of economic, industrial and enterprise democracy, the author focuses on the history of Finland and Sweden during the latter part of the twentieth century. The three concepts are discussed in relation to various political groups, such as social democrats, conservatives and liberals, and the reforms that they were associated with, painting a picture of changing economic thought in the Nordic countries, and the West more generally. Arguing that the concept of democracy has evolved from representative parliamentary democracy towards ‘participation’ in civil society, this book demonstrates how the ideal of individual freedom and choice has surpassed collective decision-making. These shared characteristics between Finland, Sweden and other Western countries challenge the view that the Nordic countries have been exceptional in resisting neoliberalism. In fact, as this book shows, neoliberalism has been influential to the Nordics since the 1970s. Offering an innovative and conceptual perspective on European political history, this book will appeal to scholars interested in Nordic political history and modern European history more generally.

Economy for and Against Democracy

Economy for and Against Democracy PDF Author: Keith Hart
Publisher: Berghahn Books
ISBN: 1782388451
Category : Political Science
Languages : en
Pages : 278

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Book Description
Political constitutions alone do not guarantee democracy; a degree of economic equality is also essential. Yet contemporary economies, dominated as they are by global finance and political rent-seekers, often block the realization of democracy. The comparative essays and case studies of this volume examine the contradictory relationship between the economy and democracy and highlight the struggles and visions needed to make things more equitable. They explore how our collective aspirations for greater democracy might be informed by serious empirical research on the human economy today. If we want a better world, we must act on existing social realities.

Democracy, Plan, and Market

Democracy, Plan, and Market PDF Author: David Mandel
Publisher: Ibidem Press
ISBN: 9783838210087
Category : Business & Economics
Languages : en
Pages : 138

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Book Description
This is the first book in English to present a succinct overview of the influential work of Russian economist Yakov Abramovich Kronrod (1912-1984) on the political economy of socialism. Kronrod headed the theoretical section of the Institute of Economics of the Academy of the USSR in the 1970s until the authorities decided that his ideas were dangerous, banning Kronrod's publications until his death in 1984. Kronrod argued that while national ownership and democracy are the dominant relations of socialism, commodity-market relations nevertheless have an important role to play in the planned economy. This stunning, revelatory book includes a first translation of one of Kronrod's key essays, 'Socio-oligarchism-Pseudo-Socialism of the Twentieth Century' and introduces Kronrod's thought to the English-speaking world for the first time.

Democracy, Governance, and Economic Performance

Democracy, Governance, and Economic Performance PDF Author: Yi Feng
Publisher: MIT Press
ISBN: 9780262562119
Category : Business & Economics
Languages : en
Pages : 408

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Book Description
A theoretical and empirical examination of why political institutions and organizations matter in economic growth.

Free Market Fairness

Free Market Fairness PDF Author: John Tomasi
Publisher: Princeton University Press
ISBN: 0691158142
Category : Business & Economics
Languages : en
Pages : 380

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Book Description
A provocative new vision of free market capitalism that achieves liberal ends by libertarian means Can libertarians care about social justice? In Free Market Fairness, John Tomasi argues that they can and should. Drawing simultaneously on moral insights from defenders of economic liberty such as F. A. Hayek and advocates of social justice such as John Rawls, Tomasi presents a new theory of liberal justice. This theory, free market fairness, is committed to both limited government and the material betterment of the poor. Unlike traditional libertarians, Tomasi argues that property rights are best defended not in terms of self-ownership or economic efficiency but as requirements of democratic legitimacy. At the same time, he encourages egalitarians concerned about social justice to listen more sympathetically to the claims ordinary citizens make about the importance of private economic liberty in their daily lives. In place of the familiar social democratic interpretations of social justice, Tomasi offers a "market democratic" conception of social justice: free market fairness. Tomasi argues that free market fairness, with its twin commitment to economic liberty and a fair distribution of goods and opportunities, is a morally superior account of liberal justice. Free market fairness is also a distinctively American ideal. It extends the notion, prominent in America's founding period, that protection of property and promotion of real opportunity are indivisible goals. Indeed, according to Tomasi, free market fairness is social justice, American style. Provocative and vigorously argued, Free Market Fairness offers a bold new way of thinking about politics, economics, and justice—one that will challenge readers on both the left and right.

Democracy and Trade Policy in Developing Countries

Democracy and Trade Policy in Developing Countries PDF Author: Bumba Mukherjee
Publisher: University of Chicago Press
ISBN: 022635895X
Category : Political Science
Languages : en
Pages : 324

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Book Description
Since the 1970s, two major trends have emerged among developing countries: the rise of new democracies and the rush to free trade. For some, the confluence of these events suggests that a free-market economy complements a fledgling democracy. Others argue that the two are inherently incompatible and that exposure to economic globalization actually jeopardizes new democracies. Which view is correct? Bumba Mukherjee argues that the reality of how democracy and trade policy unravel in developing countries is more nuanced than either account. Mukherjee offers the first comprehensive cross-national framework for identifying the specific economic conditions that influence trade policy in developing countries. Laying out the causes of variation in trade policy in four developing or recently developed countries—Brazil, India, Indonesia, and South Africa—he argues persuasively that changing political interactions among parties, party leaders, and the labor market are often key to trade policy outcome. For instance, if workers are in a position to benefit from opening up to trade, party leaders in turn support trade reforms by decreasing tariffs and other trade barriers. At a time when discussions about the stability of new democracies are at the forefront, Democracy and Trade Policy in Developing Countries provides invaluable insight into the conditions needed for a democracy to survive in the developing world in the context of globalization.