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Los límites de la eficiencia económica en una sociedad democrática

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  • Alejandro Agafonow

    ()
    (Universidad Antonio de Lebrija)

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    Abstract

    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.

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    File URL: http://www.uexternado.edu.co/facecono/ecoinstitucional/workingpapers/aagafonow16.pdf
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    Bibliographic Info

    Article provided by Universidad Externado de Colombia - Facultad de Economía in its journal Revista de Economía Institucional.

    Volume (Year): 9 (2007)
    Issue (Month): 16 (January-June)
    Pages: 89-119

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    Handle: RePEc:rei:ecoins:v:9:y:2007:i:16:p:89-119

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    Keywords: economic efficiency; democracy; Rawls;

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    1. Pranab Bardhan & John E. Roemer, 1992. "Market Socialism: A Case for Rejuvenation," Journal of Economic Perspectives, American Economic Association, vol. 6(3), pages 101-116, Summer.
    2. Cooter, Robert & Rappoport, Peter, 1984. "Were the Ordinalists Wrong about Welfare Economics?," Journal of Economic Literature, American Economic Association, vol. 22(2), pages 507-30, June.
    3. Dimitris Milonakis, 2003. "New market socialism: a case for rejuvenation or inspired alchemy?," Cambridge Journal of Economics, Oxford University Press, vol. 27(1), pages 97-121, January.
    4. Milton Friedman & L. J. Savage, 1952. "The Expected-Utility Hypothesis and the Measurability of Utility," Journal of Political Economy, University of Chicago Press, vol. 60, pages 463.
    5. Vaughn, Karen I, 1980. "Economic Calculation under Socialism: The Austrian Contribution," Economic Inquiry, Western Economic Association International, vol. 18(4), pages 535-54, October.
    6. Johansson, Sten, 2001. "Conceptualizing and Measuring Quality of Life for National Policy," Working Paper Series 171, Trade Union Institute for Economic Research.
    7. Frank H. Knight, 1946. "Freedom Under Planning," Journal of Political Economy, University of Chicago Press, vol. 54, pages 451.
    8. Frank H. Knight, 1950. "Economic and Social Policy in Democratic Society," Journal of Political Economy, University of Chicago Press, vol. 58, pages 513.
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