Democracy And Markets

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Democracy and the Market

Author : Adam Przeworski
Publisher : Cambridge University Press
ISBN 13 : 9780521423359
Total Pages : 230 pages
Book Rating : 4.4/5 (233 download)

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Book Synopsis Democracy and the Market by : Adam Przeworski

Download or read book Democracy and the Market written by Adam Przeworski and published by Cambridge University Press. This book was released on 1991-07-26 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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?

Media, Markets, and Democracy

Author : C. Edwin Baker
Publisher : Cambridge University Press
ISBN 13 : 1139432427
Total Pages : 395 pages
Book Rating : 4.1/5 (394 download)

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Book Synopsis Media, Markets, and Democracy by : C. Edwin Baker

Download or read book Media, Markets, and Democracy written by C. Edwin Baker and published by Cambridge University Press. This book was released on 2001-11-05 with total page 395 pages. Available in PDF, EPUB and Kindle. Book excerpt: Government interventions in media markets are often criticized for preventing audiences from getting the media products they want. A free press is often asserted to be essential for democracy. The first point is incorrect and the second is inadequate as a policy guide. Part I of this book shows that unique aspects of media products prevent markets from providing for audience desires. Part II shows that four prominent, but different, theories of democracy lead to different conceptions of good journalistic practice, media policy, and proper constitutional principles. Part II makes clear that the choice among democratic theories is crucial for understanding what should be meant by free press. Part III explores international free trade in media products. Contrary to the dominant American position, it shows that Parts I and II's economic and democratic theory justify deviations from free trade in media products.

Markets and Democracy

Author : Samuel Bowles
Publisher : Cambridge University Press
ISBN 13 : 9780521432238
Total Pages : 372 pages
Book Rating : 4.4/5 (322 download)

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Book Synopsis Markets and Democracy by : Samuel Bowles

Download or read book Markets and Democracy written by Samuel Bowles and published by Cambridge University Press. This book was released on 1993-07-22 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Radical Markets

Author : Eric A. Posner
Publisher : Princeton University Press
ISBN 13 : 0691196974
Total Pages : 208 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis Radical Markets by : Eric A. Posner

Download or read book Radical Markets written by Eric A. Posner and published by Princeton University Press. This book was released on 2019-10-08 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: Revolutionary ideas on how to use markets to achieve fairness and prosperity for all Many blame today's economic inequality, stagnation, and political instability on the free market. The solution is to rein in the market, right? Radical Markets turns this thinking on its head. With a new foreword by Ethereum creator Vitalik Buterin and virtual reality pioneer Jaron Lanier as well as a new afterword by Eric Posner and Glen Weyl, this provocative book reveals bold new ways to organize markets for the good of everyone. It shows how the emancipatory force of genuinely open, free, and competitive markets can reawaken the dormant nineteenth-century spirit of liberal reform and lead to greater equality, prosperity, and cooperation. Only by radically expanding the scope of markets can we reduce inequality, restore robust economic growth, and resolve political conflicts. But to do that, we must replace our most sacred institutions with truly free and open competition—Radical Markets shows how.

The Global Diffusion of Markets and Democracy

Author : Beth A. Simmons
Publisher :
ISBN 13 : 9780511386138
Total Pages : 385 pages
Book Rating : 4.3/5 (861 download)

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Book Synopsis The Global Diffusion of Markets and Democracy by : Beth A. Simmons

Download or read book The Global Diffusion of Markets and Democracy written by Beth A. Simmons and published by . This book was released on 2008-03-06 with total page 385 pages. Available in PDF, EPUB and Kindle. Book excerpt: Analyses the ways markets and democracy have diffused around the world through interdependent decision-making.

How Ukraine Became a Market Economy and Democracy

Author : Anders Åslund
Publisher : Columbia University Press
ISBN 13 : 0881325066
Total Pages : 371 pages
Book Rating : 4.8/5 (813 download)

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Book Synopsis How Ukraine Became a Market Economy and Democracy by : Anders Åslund

Download or read book How Ukraine Became a Market Economy and Democracy written by Anders Åslund and published by Columbia University Press. This book was released on 2009-03-01 with total page 371 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Democracy and Markets

Author : John R. Freeman
Publisher : Cornell University Press
ISBN 13 : 1501724207
Total Pages : 329 pages
Book Rating : 4.5/5 (17 download)

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Book Synopsis Democracy and Markets by : John R. Freeman

Download or read book Democracy and Markets written by John R. Freeman and published by Cornell University Press. This book was released on 2018-08-06 with total page 329 pages. Available in PDF, EPUB and Kindle. Book excerpt: Events of the 1970s and 1980s have provoked intense controversy about the desirability of existing political and economic institutions. On the basis of an analysis of social welfare in varying types of market systems and in certain democratic political systems, Democracy and Markets illuminates alternative directions for institutional reform. Examining in detail the experiences of several democratic European countries, John R. Freeman considers whether a mixed ownership structure is preferable to a private ownership structure; and whether a pluralist type of democratic politics is preferable to a corporatist type. Freeman compares the benefits of the two economic and two political systems separately, and then analyzes the workings of four basic political economies. This analysis yields a welfare taxonomy for alternative forms of democratic capitalism and more specifically a characterization of the blends of collective gain and distributional equity that can be achieved in the four systems. Freeman demonstrates the validity of this taxonomy through an empirical investigation of the political economies of Britain, Austria, Sweden, and Italy. Under current conditions, he concludes, the corporatist-mixed system produces the most desirable blend of welfare outcomes.

Democracy and Trade Policy in Developing Countries

Author : Bumba Mukherjee
Publisher : University of Chicago Press
ISBN 13 : 022635895X
Total Pages : 324 pages
Book Rating : 4.2/5 (263 download)

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Book Synopsis Democracy and Trade Policy in Developing Countries by : Bumba Mukherjee

Download or read book Democracy and Trade Policy in Developing Countries written by Bumba Mukherjee and published by University of Chicago Press. This book was released on 2016-06-17 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Capitalism and Democracy

Author : Thomas A. Spragens, Jr.
Publisher : University of Notre Dame Pess
ISBN 13 : 0268200157
Total Pages : 319 pages
Book Rating : 4.2/5 (682 download)

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Book Synopsis Capitalism and Democracy by : Thomas A. Spragens, Jr.

Download or read book Capitalism and Democracy written by Thomas A. Spragens, Jr. and published by University of Notre Dame Pess. This book was released on 2021-03-01 with total page 319 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book serves as an introduction to the ongoing political debate about the relationship of capitalism and democracy. In recent years, the ideological battles between advocates of free markets and minimal government, on the one hand, and adherents of greater democratic equality and some form of the welfare state, on the other hand, have returned in full force. Anyone who wants to make sense of contemporary American politics and policy battles needs to have some understanding of the divergent beliefs and goals that animate this debate. In Capitalism and Democracy, Thomas A. Spragens, Jr., examines the opposing sides of the free market versus welfare state debate through the lenses of political economy, moral philosophy, and political theory. He asks: Do unchecked markets maximize prosperity, or do they at times produce wasteful and damaging outcomes? Are market distributions morally appropriate, or does fairness require some form of redistribution? Would a society of free markets and minimal government be the best kind of society possible, or would it have serious problems? After leading the reader through a series of thought experiments designed to compare and clarify the thought processes and beliefs held by supporters of each side, Spragens explains why there are no definitive answers to these questions. He concludes, however, that some answers are better than others, and he explains why his own judgement is that a vigorous free marketplace provides great benefits to a democratic society, both economically and politically, but that it also requires regulation and supplementation by collective action for a society to maximize prosperity, to mitigate some of the unfairness of the human condition, and to be faithful to important democratic purposes and ideals. This engaging and accessible book will interest students and scholars of political economy, democratic theory, and theories of social justice. It will also appeal to general readers who are seeking greater clarity and understanding of contemporary debates about government's role in the economy.

Democracy and Market System

Author : Charles Edward Lindblom
Publisher :
ISBN 13 :
Total Pages : 358 pages
Book Rating : 4.:/5 (321 download)

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Book Synopsis Democracy and Market System by : Charles Edward Lindblom

Download or read book Democracy and Market System written by Charles Edward Lindblom and published by . This book was released on 1988 with total page 358 pages. Available in PDF, EPUB and Kindle. Book excerpt: Representing the whole spectrum of Lindblom's thought from advocate of incrementalism to critic of certain social institutions, this collection of his papers--many previously unpublished--covers such topics as "Democracy and Economic Structure," "The Rediscovery of the Market," "American Politics since 1970," "Bargaining: The Hidden Hand in Government," and "Integration of Economics and the Other Social Sciences through Policy Analysis."

Capitalism v. Democracy

Author : Timothy Kuhner
Publisher : Stanford Law Books
ISBN 13 : 9780804780667
Total Pages : 0 pages
Book Rating : 4.7/5 (86 download)

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Book Synopsis Capitalism v. Democracy by : Timothy Kuhner

Download or read book Capitalism v. Democracy written by Timothy Kuhner and published by Stanford Law Books. This book was released on 2014-06-25 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Banking on Democracy

Author : Javier Santiso
Publisher :
ISBN 13 : 9780262019002
Total Pages : 0 pages
Book Rating : 4.0/5 (19 download)

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Book Synopsis Banking on Democracy by : Javier Santiso

Download or read book Banking on Democracy written by Javier Santiso and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: A data-driven investigation of the interaction between politics and finance in emerging markets, focusing on Latin America. Politics matter for financial markets and financial markets matter for politics, and nowhere is this relationship more apparent than in emerging markets. In Banking on Democracy, Javier Santiso investigates the links between politics and finance in countries that have recently experienced both economic and democratic transitions. He focuses on elections, investigating whether there is a "democratic premium"--whether financial markets and investors tend to react positively to elections in emerging markets. Santiso devotes special attention to Latin America, where over the last three decades many countries became democracies, with regular elections, just as they also became open economies dependent on foreign capital and dominated bond markets. Santiso's analysis draws on a unique set of primary databases (developed during his years at the OECD Development Centre) covering an entire decade: more than 5,000 bank and fund manager portfolio recommendations on emerging markets. Santiso examines the trajectory of Brazil, for example, through its presidential elections of 2002, 2006, and 2010 and finds a decoupling of financial and political cycles that occurred also in many other emerging economies. He charts this evolution through the behavior of brokers, analysts, fund managers, and bankers. Ironically, Santiso points out, while some emerging markets have decoupled politics and finance, in the wake of the 2008-2012 financial crisis many developed economies (Europe and the United States) have experienced a recoupling between finance and politics.

Citizens, Democracy, and Markets Around the Pacific Rim

Author : Doh Chull Shin
Publisher : OUP Oxford
ISBN 13 : 0191516376
Total Pages : 332 pages
Book Rating : 4.1/5 (915 download)

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Book Synopsis Citizens, Democracy, and Markets Around the Pacific Rim by : Doh Chull Shin

Download or read book Citizens, Democracy, and Markets Around the Pacific Rim written by Doh Chull Shin and published by OUP Oxford. This book was released on 2006-11-02 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: East Asia is one of the most dynamic areas of political change in the world today-what role do citizens play in these processes of change? Drawing upon a unique set of coordinated public opinion surveys conducted by the World Values Survey, this book provides a dramatically new image of the political cultures of East Asia. Most East Asian citizens have strong democratic aspirations, even in still autocratic nations. Most East Asians support liberal market reforms, even in nations where state socialism has been dominant. The books findings thus provide a new perspective on the political values of Asian publics. We demonstrate that the dramatic socioeconomic changes of the past several decades have transformed public opinion, altering many of the social norms traditionally identified with Asian values, and creating public support for further political and economic modernization of the region. Political culture in East Asia is not an impediment to change, but creates the potential for even greater democratization and marketization. Comparative Politics is a series for students and teachers of political science that deals with contemporary government and politics. The General Editors are Max Kaase, Professor of Political Science, Vice President and Dean, School of Humanities and Social Science, International University Bremen, Germany; and Kenneth Newton, Professor of Comparative Politics, University of Southampton. The series is produced in association with the European Consortium for Political Research.

Democratic Processes and Financial Markets

Author : William Bernhard
Publisher : Cambridge University Press
ISBN 13 : 1107320992
Total Pages : 237 pages
Book Rating : 4.1/5 (73 download)

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Book Synopsis Democratic Processes and Financial Markets by : William Bernhard

Download or read book Democratic Processes and Financial Markets written by William Bernhard and published by Cambridge University Press. This book was released on 2006-07-24 with total page 237 pages. Available in PDF, EPUB and Kindle. Book excerpt: The authors examine the conditions under which democratic events, including elections, cabinet formations, and government dissolutions, affect asset markets. Where these events have less predictable outcomes, market returns are depressed and volatility increases. In contrast, where market actors can forecast the result, returns do not exhibit any unusual behavior. Further, political expectations condition how markets respond to the political process. When news causes market actors to update their political beliefs, market actors reallocate their portfolios, and overall market behavior changes. To measure political information, Professors Bernhard and Leblang employ sophisticated models of the political process. They draw on a variety of models of market behavior, including the efficient markets hypothesis, capital asset pricing model, and arbitrage pricing theory, to trace the impact of political events on currency, stock, and bond markets. The analysis will appeal to academics, graduate students, and advanced undergraduates across political science, economics, and finance.

Market Citizenship

Author : Amanda Root
Publisher : SAGE
ISBN 13 : 184860520X
Total Pages : 201 pages
Book Rating : 4.8/5 (486 download)

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Book Synopsis Market Citizenship by : Amanda Root

Download or read book Market Citizenship written by Amanda Root and published by SAGE. This book was released on 2007-06-18 with total page 201 pages. Available in PDF, EPUB and Kindle. Book excerpt: Citizens are caught in a paradox. Voting levels are falling, there are growing feelings of powerlessness, social unfairness and yet citizens are constantly told that they have more choice as well as greater freedom and liberty. This book brilliantly explains these discrepancies. It shows that the new definitions of freedom as responsibility to create prosperity through markets is seriously distorting citizenship whilst appearing to be unbiased and neutral. It exposes inconsistencies in the market-based and apolitical vision of our collective future. This book: outlines how market citizenship involves a new kind of rationality in which citizens are defined as individualized utility maximizers shows how the idea that citizens act primarily to develop their narrow self-interest has encouraged the creation of competitive governance mechanisms analyses how market mechanisms are used to decide who are ′winners′ and ′losers′ - from the loss of youth groups funding to global treaties discussess the shortfalls when key contemporary issues are tackled through ′win-win′ solutions with business working alongside consumers, with little or no role for government explaims how localism and the devolution of power is being used to support the status quo. suggests new kinds of engagement are emerging because markets have undermined politics. Essential reading for students, policy-makers and researchers of citizenship within sociology, politics, economics, geography and social policy.

Financial Globalization and Democracy in Emerging Markets

Author : L. Armijo
Publisher : Springer
ISBN 13 : 0333994892
Total Pages : 366 pages
Book Rating : 4.3/5 (339 download)

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Book Synopsis Financial Globalization and Democracy in Emerging Markets by : L. Armijo

Download or read book Financial Globalization and Democracy in Emerging Markets written by L. Armijo and published by Springer. This book was released on 1999-01-13 with total page 366 pages. Available in PDF, EPUB and Kindle. Book excerpt: When Mexico's peso crisis occurred in December 1994, all of Latin America experienced the 'tequila effect'. In January 1998, after seven months of financial turmoil in East Asia, Alan Greenspan, the usually reticent Chairman of the US Federal Reserve Bank, noted that such 'vicious cycles...may, in fact, be a defining characteristic of the new high-tech international financial system'. This book examines the impact of the new, highly liquid portfolio capital flows on governments, opposition, politicians, business and the workforce in such emerging market countries as Mexico, Brazil, Russia, Indonesia, Vietnam, Thailand and Indonesia. Hailed as 'exemplary and innovative', 'fine-grained and accessible' and 'a must read', this collection of original essays in newly available in paperback.

Democracy, Plan, and Market

Author : David Mandel
Publisher : Ibidem Press
ISBN 13 : 9783838210087
Total Pages : 138 pages
Book Rating : 4.2/5 (1 download)

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Book Synopsis Democracy, Plan, and Market by : David Mandel

Download or read book Democracy, Plan, and Market written by David Mandel and published by Ibidem Press. This book was released on 2017 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.