Economic and Political Democracy in Complex Times: History, Analysis and Policy

The concept of economic democracy recognizes the principles of democratic deliberation and social participation in other areas of life, such as austerity policies, free trade agreements, central bank policies, international investment treaties, and natural resource management. It expands the notion of economic democracy from the factory level to the macro-economy and global economic governance and discusses the critical links between political democracy and economic democracy.

Format: Paperback / softback
Length: 128 pages
Publication date: 29 January 2024
Publisher: Taylor & Francis Ltd

The concept of economic democracy is closely intertwined with workplace democracy and participation at the enterprise level, representing a vital dimension of this ideology. However, the concept of new economic democracy goes beyond this limited scope, recognizing the need to apply the principles of democratic deliberation and social participation to various other areas of our complex world.

In this comprehensive book, we explore economic democracy from diverse perspectives. We delve into rich historical narratives, spanning from the 19th to the 21st century, highlighting episodes of social participation in the economy and society. Through meticulous analysis, we connect the theory of economic democracy with collective choice, social contract theory, Marxian analysis, and libertarian critiques, providing a comprehensive framework for understanding this ideology.

Furthermore, we identify new areas of application for the principles of democratic deliberation and oversight, including the adoption of austerity policies, the signing of free trade agreements, the conduct of central bank policies, international investment treaties, and natural resource management. This book serves as a guided tour through the evolution of economic, social, and cultural rights, their impact on the design and implementation of social policy, and the welfare/developmental state.

By expanding the notion of economic democracy from the factory level to the macro-economy and then to global economic governance, we shed light on the interconnectedness of economic and political systems. We emphasize the critical links between political democracy and economic democracy and the urgent need for a more democratic and socially equitable economy in the 21st century.

This volume appeals to a wide audience, including economists, political scientists, social activists, philosophers, and sociologists, who are interested in exploring the possibilities of a more democratic and inclusive economic system.

Weight: 249g
Dimension: 234 x 156 (mm)
ISBN-13: 9781032275413