Download or read book The Limits of Economic Efficiency in a Democratic Society written by Alejandro Agafonow and published by . This book was released on 2007 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the 20th century, Marxism and non-egalitarian or classical liberalism debated the properties of economic reasoning, that is, the way economic institutions value multiple ends. This debate produced an implicit consensus between market socialists and non-egalitarian liberals about democracy. In this consensus, the Rousseau's general will was replaced by the individual will, and popular sovereignty reflected in consumer sovereignty. This essay uses a Rawlsian perspective to analyze the limits of economic efficiency in a democratic society.
Download or read book Social Structures of Direct Democracy written by John Asimakopoulos and published by BRILL. This book was released on 2014-06-26 with total page 229 pages. Available in PDF, EPUB and Kindle. Book excerpt: Neoliberalism has pushed capitalism to its limits, hollowing out global economies and lives in the process, while people have no voice. John Asimakopoulos addresses the problem with a theory to practice model that reconciles Marxism, with its diverse radical currents, and democratic theory. Social Structures of Direct Democracy develops a political economy of structural equality in large-scale society making strong empirical arguments for radical transformation. Key concepts include filling positions of political and economic authority (e.g., legislatures and corporate boards) with randomly selected citizens leaving the demos as the executive. Asimakopoulos shows that an egalitarian society leads to greater innovation, sustainable economic growth, and positive social benefits in contrast to economies based on individualism, competition, and inequality.
Download or read book The Limits of the Market written by Paul de Grauwe and published by Oxford University Press. This book was released on 2017 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt: The old discussion of 'Market or State' is obsolete. There will always have to be a mix of market and state. The only relevant question is what that mix should look like. How far do we have to let the market go its own way in order to create as much welfare as possible for everyone? What is the responsibility of the government in creating welfare? These are difficult questions. But they are also interesting questions and Paul De Grauwe analyses them in this book. The desired mix of market and state is anything but easy to bring about. It is a difficult and sometimes destructive process that is constantly in motion. There are periods in history in which the market gains in importance. During other periods the opposite occurs and government is more dominant. The turning points in this pendulum swing typically seem to coincide with disruptive events that test the limits of market and state. Why we experience this dynamic is an important theme in the book. Will the market, which today is afforded a greater and greater role due to globalization, run up against its limits? Or do the financial crisis and growing income inequality show that we have already reached those limits? Do we have to brace ourselves for a rejection of the capitalist system? Are we returning to an economy in which the government is running the show?
Download or read book The Limits of Pure Democracy written by William Hurrell Mallock and published by Transaction Publishers. This book was released on with total page 430 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 1910s was a decade in which theories of socialism, pacifism, and collectivism flowered. Publicists and playwrights from Sidney Webb to George Bernard Shaw expressed not just belief in "utopianism" but a vigorous assault on the existing political and economic order. Less well known is how a group of Tory thinkers laid the foundations of a conservative counter-attack expressed with equal literary and intellectual brilliance. Foremost among them was W. H. Mallock. In The Limits of Pure Democracy he argued that the pseudo-populist leaders of the political party system promise everything but deliver only the end of parties as such. For Mallock, what starts with populism ends in dictatorship. The Russian Revolution was simply the historical outcome of utopian socialist visions that were more dedicated to destroying the present system of things than bringing about a revitalized future. Mallock's book explains how the modern free market succeeds through competition in increasing output, broadening occupational opportunities, and multiplying the numbers of skilled professionals. In contrast, welfare schemes serve to deepen poverty by spreading wealth so evenly that incentives to work decline and personal savings are eliminated. These arguments have become commonplace today. But at the time they served as an incendiary reminder that class warfare works in both directions. Mallock was a remarkably talented writer who made the case against exaggerated expectations, a nascent welfare system, and mass political parties led by oligarchs. But he also offered a case for increasing a regard for work, advancing the cause of education as a method of entering the modern world, and for retaining a sense of religious codes that define the West. Mallock's search for an understanding of popular rule coincided with his appreciation and elucidation of the limitations of the emerging plebiscitarian spirit within democracy. The Limits of Pure Democracy will be of interest to political scientists, intellectual historians, and economists. W. H. Mallock was the author of Religion as a Credible Doctrine, The Reconstruction of Belief, The Individualist, The Heart of Life, and A Human Document. H. Lee Cheek, Jr. is chair, Division of Social and Behavioral Sciences and professor, Political Science and Philosophy at Brewton-Parker College, Mt. Vernon, GA. His books include Political Philosophy and Cultural Renewal and Order and Legitimacy, both available from Transaction.
Download or read book Economy Society and Public Policy written by The Core Team and published by Oxford University Press, USA. This book was released on 2019 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economy, Society, and Public Policy is a new way to learn economics. It is designed specifically for students studying social sciences, public policy, business studies, engineering and other disciplines who want to understand how the economy works and how it can be made to work better. Topical policy problems are used to motivate learning of key concepts and methods of economics. It engages, challenges and empowers students, and will provide them with the tools to articulate reasoned views on pressing policy problems. This project is the result of a worldwide collaboration between researchers, educators, and students who are committed to bringing the socially relevant insights of economics to a broader audience.KEY FEATURESESPP does not teach microeconomics as a body of knowledge separate from macroeconomicsStudents begin their study of economics by understanding that the economy is situated within society and the biosphereStudents study problems of identifying causation, not just correlation, through the use of natural experiments, lab experiments, and other quantitative methodsSocial interactions, modelled using simple game theory, and incomplete information, modelled using a series of principal-agent problems, are introduced from the beginning. As a result, phenomena studied by the other social sciences such as social norms and the exercise of power play a roleThe insights of diverse schools of thought, from Marx and the classical economists to Hayek and Schumpeter, play an integral part in the bookThe way economists think about public policy is central to ESPP. This is introduced in Units 2 and 3, rather than later in the course.
Download or read book Economic Dignity written by Gene Sperling and published by Penguin. This book was released on 2021-10-12 with total page 385 pages. Available in PDF, EPUB and Kindle. Book excerpt: “Timely and important . . . It should be our North Star for the recovery and beyond.” —Hillary Clinton “Sperling makes a forceful case that only by speaking to matters of the spirit can liberals root their belief in economic justice in people’s deepest aspirations—in their sense of purpose and self-worth.” —The New York Times When Gene Sperling was in charge of coordinating economic policy in the Obama White House, he found himself surprised when serious people in Washington told him that the Obama focus on health care was a distraction because it was “not focused on the economy.” How, he asked, was the fear felt by millions of Americans of being one serious illness away from financial ruin not considered an economic issue? Too often, Sperling found that we measured economic success by metrics like GDP instead of whether the economy was succeeding in lifting up the sense of meaning, purpose, fulfillment, and security of people. In Economic Dignity, Sperling frames the way forward in a time of wrenching change and offers a vision of an economy whose guiding light is the promotion of dignity for all Americans.
Download or read book Everything for Sale written by Robert Kuttner and published by Knopf. This book was released on 1997 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt: Zeroing in on such realms as health care and the workplace, the commercialization of sports and the arts, the chaotic deregulation of airlines, S&Ls, and telecommunications, and the buying and selling of public offices, Kuttner shows how markets can fail precisely those whom they are supposed to serve. Asking the crucial question, "What should not be for sale?", Kuttner shows why a society conceived as a grand auction block would not be a democracy worth having. 416 pp. Author tour. 25,000 print.
Download or read book Race and Place written by Lily Kyung Bin Song and published by . This book was released on 2012 with total page 269 pages. Available in PDF, EPUB and Kindle. Book excerpt: Faced with the problem of growing economic inequality in America and the threat posed to democracy, a number of planning scholars have put forth the idea of building progressive civil society capacity in the economic sphere to broaden stakeholder control and accountability of capitalist markets. Yet actual empirical accounts of community and civic organizations spearheading the task of framing and carrying out prescriptive economic programs, complete with alternative modes of production and exchange, have sparsely materialized. Moreover, the dominant planning perspective on the topic of building civil society to strengthen economic democracy views race as a secondary issue that may have cultural and political significance but is essentially a divisive mechanism that stymies the more important economic programs of class-based movements. In contrast, the theoretical framework underlying this study incorporates W.E.B. DuBois' notion of double consciousness along with Mikhail Bakhtin's formulations on dialogic exchange to explore how centralizing the perspectives and experiences of "racial others" might enhance critical reflection and dialogic exchange in civil society- led economic planning projects as to fortify progressive coalitions and direct their policy visions towards the deepest problems hindering democratic society. Focusing on the emerging energy efficiency sector and the green economy more generally within the context of the contemporary American city, I use two critical and emblematic cases-the Evergreen Cooperative Initiative in Cleveland and the Los Angeles Green Retrofit and Workforce Program- to build theory at the intersection of race, place, and economic democracy. Each case study is grounded in historical analysis that explores to what extent, in what ways, and how race played a role in managing the tensions and contradictions between capitalism and democracy at the local level. In turn, the case studies investigate the process by which progressive coalitions incorporated the experiences and perspectives of low-income inner city communities of color into their respective green economic and workforce development programs. At the substantive and normative level, my findings indicate that creating inclusive, transparent, but also flexible spaces for critical reflection and dialogic exchange are essential to building strong coalitions and forging policy visions that get at some of the core problems arising from privatistic urban policy and local economic development and form the stuff of economic democracy. Whether the initiation of such processes and ensuing economic projects occurs in a manner that is "top down" or "bottom up" might be less important to their transformative potential than the depth of critical analysis, reflective thinking, and mutual engagement in policy design and planning discourse. Where economic democracy is a perpetual process of becoming, it entails actors balancing the use of external resources with principles of self-determination and the achievement of project deliverables with leadership development and movement building goals. At the descriptive level, the cases demonstrate the limits of neoclassical economic theory along with its premises of rational choice theory and methodological individualism in explaining observed modes of economic action and local economic development. I incorporate insights from recent multidisciplinary studies on cooperative human behavior along with pragmatist action theory in posing an alternative analytical framework for explaining economic action.
Download or read book Equality and Efficiency REV written by Arthur M. Okun and published by Brookings Institution Press. This book was released on 2015-04-30 with total page 171 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally published in 1975, Equality and Efficiency: The Big Tradeoff is a very personal work from one of the most important macroeconomists of the last hundred years. And this new edition includes "Further Thoughts on Equality and Efficiency," a paper published by the author two years later. In classrooms Arthur M. Okun may be best remembered for Okun's Law, but his lasting legacy is the respect and admiration he earned from economists, practitioners, and policymakers. Equality and Efficiency is the perfect embodiment of that legacy, valued both by professional economists and those readers with a keen interest in social policy. To his fellow economists, Okun presents messages, in the form of additional comments and select citations, in his footnotes. To all readers, Okun presents an engaging dual theme: the market needs a place, and the market needs to be kept in its place. As Okun puts it: Institutions in a capitalist democracy prod us to get ahead of our neighbors economically after telling us to stay in line socially. This double standard professes and pursues an egalitarian political and social system while simultaneously generating gaping disparities in economic well-being. Today, Okun's dual theme feels incredibly prescient as we grapple with the hot-button topic of income inequality. In his foreword, Lawrence H. Summers declares: On what one might think of as questions of "economic philosophy," I doubt that Okun has been improved on in the subsequent interval. His discussion of how societies rely on rights as well as markets should be required reading for all young economists who are enamored with market solutions to all problems. With a new foreword by Lawrence H. Summers
Download or read book The Public and Its Problems written by John Dewey and published by Standard Ebooks. This book was released on 2023-06-28T15:58:38Z with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written in 1927, The Public and Its Problems is John Dewey’s defense of the democratic society in the post World War I era. Written largely as a response to Walter Lippmann’s popular Public Opinion and The Phantom Public, Dewey wished to set out his view of the numerous challenges facing the political aspect of democracy, as well as potential remedies. Regarding the problems, Dewey actually agrees with Lippmann. “The Public,” as defined by Dewey, has become confused to its purpose and is easily manipulated by political or corporate maneuvers. This presents a serious problem with respect to majority rule, as the majority opinion is loosely formed and can be molded to suit ends benefiting a small minority. Furthermore, by 1927 the world had become so connected that the actions of one group of people could have completely unforeseen consequences on another remote group of people. This leads both Dewey and Lippmann to conclude that even if the public had perfect access to information, that information would be simply too vast to be properly understood. Where the authors differ, however, is in the remedy. For Lippmann a technocratic elite is best placed to solve problems that are too complex to be understood by the voting public. But Dewey contends that even in an ideal world, where such elites are not motivated purely by personal gain, they would still be inherently conservative and resistant to any large-scale changes. The alternative, according to Dewey, is to simplify the economic system to make it easier for individuals to directly predict and understand the consequences of their own actions. Ensuring absolute economic efficiency need not be a societal priority, and can run counter to the democratic spirit whereby communities can participate in and take charge of their own organization. This points towards the need of a movement away from centralization and back towards some form of localization, whereby smaller, visibly connected, groups organize themselves into participative communities. Expanding on his ideas in Democracy and Education, Dewey stresses that education is the only viable way to make these necessary changes a reality and ensure a truly democratic society. Modern readers will find many of the criticisms of the public very familiar, and may be forgiven for forgetting that the problems Dewey describes are the problems of his own time. Likewise, the debate of centralization versus localization, and even the appropriate form of a democratic state, continue to this day. This book is part of the Standard Ebooks project, which produces free public domain ebooks.
Download or read book Property Rights and the Limits of Democracy written by Charles K. Rowley and published by Edward Elgar Publishing. This book was released on 1993 with total page 412 pages. Available in PDF, EPUB and Kindle. Book excerpt: This four-volume set is part of an annual series dedicated to the work of John Locke. These four volumes (available separately) deal with property rights in terms of being a guarantor of liberty; as rent seeking; as part of the constitutional order; and as part of the liberty-state relationship.
Download or read book Alternatives to Neoliberalism written by Bryn Jones and published by Policy Press. This book was released on 2017-02-08 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this collection, innovative and eminent social and policy analysts, including Colin Crouch, Anna Coote, Grahame Thompson and Ted Benton, challenge the failing but still dominant ideology and policies of neo-liberalism. The editors synthesise contributors’ ideas into a revised framework for social democracy; rooted in feminism, environmentalism, democratic equality and market accountability to civil society. This constructive and stimulating collection will be invaluable for those teaching, studying and campaigning for transformative political, economic and social policies.
Download or read book Transforming Post Communist Political Economies written by National Research Council and published by National Academies Press. This book was released on 1998-03-02 with total page 534 pages. Available in PDF, EPUB and Kindle. Book excerpt: This ground-breaking new volume focuses on the interaction between political, social, and economic change in Central and Eastern Europe and the New Independent States. It includes a wide selection of analytic papers, thought-provoking essays by leading scholars in diverse fields, and an agenda for future research. It integrates work on the micro and macro levels of the economy and provides a broad overview of the transition process. This volume broadens the current intellectual and policy debate concerning the historic transition now taking place from a narrow concern with purely economic factors to the dynamics of political and social change. It questions the assumption that the post-communist economies are all following the same path and that they will inevitably develop into replicas of economies in the advanced industrial West. It challenges accepted thinking and promotes the utilization of new methods and perspectives.
Download or read book Democracy and Prosperity written by Torben Iversen and published by Princeton University Press. This book was released on 2020-11-03 with total page 359 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is a widespread view that democracy and the advanced nation-state are in crisis, weakened by globalization and undermined by global capitalism, in turn explaining rising inequality and mounting populism. This book, written by two of the world's leading political economists, argues this view is wrong: advanced democracies are resilient, and their enduring historical relationship with capitalism has been mutually beneficial. For all the chaos and upheaval over the past century--major wars, economic crises, massive social change, and technological revolutions--Torben Iversen and David Soskice show how democratic states continuously reinvent their economies through massive public investment in research and education, by imposing competitive product markets and cooperation in the workplace, and by securing macroeconomic discipline as the preconditions for innovation and the promotion of the advanced sectors of the economy. Critically, this investment has generated vast numbers of well-paying jobs for the middle classes and their children, focusing the aims of aspirational families, and in turn providing electoral support for parties. Gains at the top have also been shared with the middle (though not the bottom) through a large welfare state. Contrary to the prevailing wisdom on globalization, advanced capitalism is neither footloose nor unconstrained: it thrives under democracy precisely because it cannot subvert it. Populism, inequality, and poverty are indeed great scourges of our time, but these are failures of democracy and must be solved by democracy.
Download or read book The Constitution of Liberty written by F.A. Hayek and published by Routledge. This book was released on 2020-06-29 with total page 588 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally published in 1960, The Constitution of Liberty delineates and defends the principles of a free society and traces the origin, rise, and decline of the rule of law. Casting a skeptical eye on the growth of the welfare state, Hayek examines the challenges to freedom posed by an ever expanding government as well as its corrosive effect on the creation, preservation, and utilization of knowledge. In distinction to those who confidently call for the state to play a greater role in society, Hayek puts forward a nuanced argument for prudence. Guided by this quality, he elegantly demonstrates that a free market system in a democratic polity—under the rule of law and with strong constitutional protections of individual rights—represents the best chance for the continuing existence of liberty. Striking a balance between skepticism and hope, Hayek’s profound insights remain strikingly vital half a century on. This definitive edition of The Constitution of Liberty will give a new generation the opportunity to learn from Hayek’s enduring wisdom.
Download or read book Economics and Social Democracy written by Simon Vaut and published by . This book was released on 2011 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Thinking Like an Economist written by Elizabeth Popp Berman and published by Princeton University Press. This book was released on 2023-08-08 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: The story of how economic reasoning came to dominate Washington between the 1960s and 1980s—and why it continues to constrain progressive ambitions today For decades, Democratic politicians have frustrated progressives by tinkering around the margins of policy while shying away from truly ambitious change. What happened to bold political vision on the left, and what shrunk the very horizons of possibility? In Thinking like an Economist, Elizabeth Popp Berman tells the story of how a distinctive way of thinking—an “economic style of reasoning”—became dominant in Washington between the 1960s and the 1980s and how it continues to dramatically narrow debates over public policy today. Introduced by liberal technocrats who hoped to improve government, this way of thinking was grounded in economics but also transformed law and policy. At its core was an economic understanding of efficiency, and its advocates often found themselves allied with Republicans and in conflict with liberal Democrats who argued for rights, equality, and limits on corporate power. By the Carter administration, economic reasoning had spread throughout government policy and laws affecting poverty, healthcare, antitrust, transportation, and the environment. Fearing waste and overspending, liberals reined in their ambitions for decades to come, even as Reagan and his Republican successors argued for economic efficiency only when it helped their own goals. A compelling account that illuminates what brought American politics to its current state, Thinking like an Economist also offers critical lessons for the future. With the political left resurgent today, Democrats seem poised to break with the past—but doing so will require abandoning the shibboleth of economic efficiency and successfully advocating new ways of thinking about policy.
