Economic Justice And Democracy

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.

Explains how democratic countries with market systems should deal with high levels of income-inequality.

First Published in 2005. Routledge is an imprint of Taylor & Francis, an informa company.

"The role of state, class and property in twentieth-century democracy"--Cover subtitle. "All the papers are concerned in one way or another with ... the essential constituents of the theory of possessive individualism"--Preface.

Defining a just economy in a tenuous social-political time. If we can agree that our current social-political moment is tenuous and unsustainable—and indeed, that may be the only thing we can agree on right now—then how do markets, governments, and people interact in this next era of the world? A Political Economy of Justice considers the strained state of our political economy in terms of where it can go from here. The contributors to this timely and essential volume look squarely at how normative and positive questions about political economy interact with each other—and from that beginning, how to chart a way forward to a just economy. A Political Economy of Justice collects fourteen essays from prominent scholars across the social sciences, each writing in one of three lanes: the measures of a just political economy; the role of firms; and the roles of institutions and governments. The result is a wholly original and urgent new benchmark for the next stage of our democracy.

This visionary book seeks to uncover the main barriers to achieving greater social justice in existing twenty-first century capitalism. Developing a comprehensive consequentialist theory of justice applied to today’s global situation, Mike Berry adopts the thesis that, in order to move towards a more just world, the weaknesses of liberal democracy must be overcome through reconstructing robust, resilient social democracies.

The bulk of the contributions in this publication originated in a research project initiated by the Stellenbosch Institute for Advanced Study (STIAS) in 2002. The book is based on the idea that the attainment of greater social and economic justice, specifically in the South African context, is strongly influenced by the implications and the coherence of various theories of social and economic justice.

Challenging common interpretations of the political thought of John Adams and Adam Smith, Democracy, Equality and Justice offers an engaging and novel portrait of the political economy in America at its founding. The founders believed that liberty should not trump community, but should exist within the context of community. Drawing on extensive written records of the thought of John Adams and Adam Smith, the father of modern capitalism, Dr. John E. Hill argues that these two great men advocated a balanced, values-based, and just political economy. Adams, historically misperceived as a rugged individualist who favored aristocracy over democracy, actually emphasized political balance with no one socio-economic class dominating any other. Smith, incorrectly portrayed as a supporter of laissez-faire government, advocated economic balance with no class or individual receiving special treatment from the government. Applying their values of universalism and moderation today would significantly broaden the definition of morality in contemporary politics. Democracy, Equality and Justice is a stimulating and sophisticated text that will encourage debate over the relationship between historical ideas and contemporary economic problems.