Economy for and Against Democracy

Economy for and Against Democracy
Author: Keith Hart
Publisher: Berghahn Books
Total Pages: 278
Release: 2015-10-01
Genre: Political Science
ISBN: 1782388451

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, Governance, and Economic Performance

Democracy, Governance, and Economic Performance
Author: Yi Feng
Publisher: MIT Press
Total Pages: 408
Release: 2003
Genre: Business & Economics
ISBN: 9780262562119

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

Democracy Against Domination

Democracy Against Domination
Author: K. Sabeel Rahman
Publisher: Oxford University Press
Total Pages: 257
Release: 2017
Genre: Political Science
ISBN: 019046853X

In 2008, the collapse of the US financial system plunged the economy into the worst economic downturn since the Great Depression. In its aftermath, the financial crisis pushed to the forefront fundamental moral and institutional questions about how we govern the modern economy. What are the values that economic policy ought to prioritize? What institutions do we trust to govern complex economic dynamics? Much of popular and academic debate revolves around two competing approaches to these fundamental questions: laissez-faire defenses of self-correcting and welfare-enhancing markets on the one hand, and managerialist turns to the role of insulated, expert regulation in mitigating risks and promoting growth on the other. In Democracy Against Domination, K. Sabeel Rahman offers an alternative vision for how we should govern the modern economy in a democratic society. Drawing on a rich tradition of economic reform rooted in the thought and reform politics of early twentieth century progressives like John Dewey and Louis Brandeis, Rahman argues that the fundamental moral challenge of economic governance today is two-fold: first, to counteract the threats of economic domination whether in the form of corporate power or inequitable markets; and second, to do so by expanding the capacity of citizens themselves to exercise real political power in economic policymaking. This normative framework in turn suggests a very different way of understanding and addressing major economic governance issues of the post-crisis era, from the challenge of too-big-to-fail financial firms, to the dangers of regulatory capture and regulatory reform.

An Economic Theory of Democracy

An Economic Theory of Democracy
Author: Anthony Downs
Publisher: New York : Harper
Total Pages: 330
Release: 1957
Genre: Business & Economics
ISBN:

This book seeks to elucidate its subject-the governing of democratic state-by making intelligible the party politics of democracies. Downs treats this differently than do other students of politics. His explanations are systematically related to, and deducible from, precisely stated assumptions about the motivations that attend the decisions of voters and parties and the environment in which they act. He is consciously concerned with the economy in explanation, that is, with attempting to account for phenomena in terms of a very limited number of facts and postulates. He is concerned also with the central features of party politics in any democratic state, not with that in the United States or any other single country.

Against Democracy

Against Democracy
Author: Jason Brennan
Publisher: Princeton University Press
Total Pages: 309
Release: 2017-09-26
Genre: Philosophy
ISBN: 1400888395

A bracingly provocative challenge to one of our most cherished ideas and institutions Most people believe democracy is a uniquely just form of government. They believe people have the right to an equal share of political power. And they believe that political participation is good for us—it empowers us, helps us get what we want, and tends to make us smarter, more virtuous, and more caring for one another. These are some of our most cherished ideas about democracy. But Jason Brennan says they are all wrong. In this trenchant book, Brennan argues that democracy should be judged by its results—and the results are not good enough. Just as defendants have a right to a fair trial, citizens have a right to competent government. But democracy is the rule of the ignorant and the irrational, and it all too often falls short. Furthermore, no one has a fundamental right to any share of political power, and exercising political power does most of us little good. On the contrary, a wide range of social science research shows that political participation and democratic deliberation actually tend to make people worse—more irrational, biased, and mean. Given this grim picture, Brennan argues that a new system of government—epistocracy, the rule of the knowledgeable—may be better than democracy, and that it's time to experiment and find out. A challenging critique of democracy and the first sustained defense of the rule of the knowledgeable, Against Democracy is essential reading for scholars and students of politics across the disciplines. Featuring a new preface that situates the book within the current political climate and discusses other alternatives beyond epistocracy, Against Democracy is a challenging critique of democracy and the first sustained defense of the rule of the knowledgeable.

Growth Against Democracy

Growth Against Democracy
Author: H. L. T. Quan
Publisher: Lexington Books
Total Pages: 269
Release: 2012
Genre: Business & Economics
ISBN: 0739170597

Growth against Democracy: Savage Developmentalism in the Modern World, by H.L.T. Quan, is a radical critique of development as a modern project. Using three historical cases (Brazil-Japan, China-Africa, and US-Iraq), Quan probes the discursive practices of modern development, exploring the coercive and juridical dimensions of trade, diplomacy and war and their impact. This study builds on the critical works of neoliberalism, capitalist development, and empire to lay the groundwork for an honest assessment of neoliberal economics and foreign conducts and their impact on human life.

Capitalism v. Democracy

Capitalism v. Democracy
Author: Timothy Kuhner
Publisher: Stanford Law Books
Total Pages: 0
Release: 2014-06-25
Genre: Law
ISBN: 9780804780667

As of the latest national elections, it costs approximately $1 billion to become president, $10 million to become a Senator, and $1 million to become a Member of the House. High-priced campaigns, an elite class of donors and spenders, superPACs, and increasing corporate political power have become the new normal in American politics. In Capitalism v. Democracy, Timothy Kuhner explains how these conditions have corrupted American democracy, turning it into a system of rule that favors the wealthy and marginalizes ordinary citizens. Kuhner maintains that these conditions have corrupted capitalism as well, routing economic competition through political channels and allowing politically powerful companies to evade market forces. The Supreme Court has brought about both forms of corruption by striking down campaign finance reforms that limited the role of money in politics. Exposing the extreme economic worldview that pollutes constitutional interpretation, Kuhner shows how the Court became the architect of American plutocracy. Capitalism v. Democracy offers the key to understanding why corporations are now citizens, money is political speech, limits on corporate spending are a form of censorship, democracy is a free market, and political equality and democratic integrity are unconstitutional constraints on money in politics. Supreme Court opinions have dictated these conditions in the name of the Constitution, as though the Constitution itself required the privatization of democracy. Kuhner explores the reasons behind these opinions, reveals that they form a blueprint for free market democracy, and demonstrates that this design corrupts both politics and markets. He argues that nothing short of a constitutional amendment can set the necessary boundaries between capitalism and democracy.

Economic Origins of Dictatorship and Democracy

Economic Origins of Dictatorship and Democracy
Author: Daron Acemoglu
Publisher: Cambridge University Press
Total Pages: 444
Release: 2006
Genre: Business & Economics
ISBN: 9780521855266

This book develops a framework for analyzing the creation and consolidation of democracy. Different social groups prefer different political institutions because of the way they allocate political power and resources. Thus democracy is preferred by the majority of citizens, but opposed by elites. Dictatorship nevertheless is not stable when citizens can threaten social disorder and revolution. In response, when the costs of repression are sufficiently high and promises of concessions are not credible, elites may be forced to create democracy. By democratizing, elites credibly transfer political power to the citizens, ensuring social stability. Democracy consolidates when elites do not have strong incentive to overthrow it. These processes depend on (1) the strength of civil society, (2) the structure of political institutions, (3) the nature of political and economic crises, (4) the level of economic inequality, (5) the structure of the economy, and (6) the form and extent of globalization.

Economic Justice and Democracy

Economic Justice and Democracy
Author: Robin Hahnel
Publisher: Routledge
Total Pages: 450
Release: 2013-05-13
Genre: Political Science
ISBN: 1135953767

In Economic Justice and Democracy, Robin Hahnel puts aside most economic theories from the left and the right (from central planning to unbridled corporate enterprise) as undemocratic, and instead outlines a plan for restructuring the relationship between markets and governments according to effects, rather than contributions. This idea is simple, provocative, and turns most arguments on their heads: those most affected by a decision get to make it. It's uncomplicated, unquestionably American in its freedom-reinforcement, and essentially what anti-globalization protestors are asking for. Companies would be more accountable to their consumers, polluters to nearby homeowners, would-be factory closers to factory town inhabitants. Sometimes what's good for General Motors is bad for America, which is why we have regulations in the first place. Though participatory economics, as Robert Heilbronner termed has been discussed more outside America than in it, Hahnel has followed discussions elsewhere and also presents many of the arguments for and against this system and ways to put it in place.

The Decline and Rise of Democracy

The Decline and Rise of Democracy
Author: David Stasavage
Publisher: Princeton University Press
Total Pages: 424
Release: 2020-06-02
Genre: Political Science
ISBN: 0691201951

"One of the most important books on political regimes written in a generation."—Steven Levitsky, New York Times–bestselling author of How Democracies Die A new understanding of how and why early democracy took hold, how modern democracy evolved, and what this history teaches us about the future Historical accounts of democracy’s rise tend to focus on ancient Greece and pre-Renaissance Europe. The Decline and Rise of Democracy draws from global evidence to show that the story is much richer—democratic practices were present in many places, at many other times, from the Americas before European conquest, to ancient Mesopotamia, to precolonial Africa. Delving into the prevalence of early democracy throughout the world, David Stasavage makes the case that understanding how and where these democracies flourished—and when and why they declined—can provide crucial information not just about the history of governance, but also about the ways modern democracies work and where they could manifest in the future. Drawing from examples spanning several millennia, Stasavage first considers why states developed either democratic or autocratic styles of governance and argues that early democracy tended to develop in small places with a weak state and, counterintuitively, simple technologies. When central state institutions (such as a tax bureaucracy) were absent—as in medieval Europe—rulers needed consent from their populace to govern. When central institutions were strong—as in China or the Middle East—consent was less necessary and autocracy more likely. He then explores the transition from early to modern democracy, which first took shape in England and then the United States, illustrating that modern democracy arose as an effort to combine popular control with a strong state over a large territory. Democracy has been an experiment that has unfolded over time and across the world—and its transformation is ongoing. Amidst rising democratic anxieties, The Decline and Rise of Democracy widens the historical lens on the growth of political institutions and offers surprising lessons for all who care about governance.