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Los límites de la eficiencia económica en una sociedad democrática

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Author Info
Alejandro Agafonow () (Universidad Antonio de Lebrija)
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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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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Related research
Keywords: economic efficiency; democracy; Rawls;

Find related papers by JEL classification:
A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
P20 - Economic Systems - - Socialist Systems and Transition Economies - - - General
P16 - Economic Systems - - Capitalist Systems - - - Political Economy of Capitalism

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  1. 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. [Downloadable!] (restricted)
  2. Johansson, Sten, 2001. "Conceptualizing and Measuring Quality of Life for National Policy," Working Paper Series 171, Trade Union Institute for Economic Research. [Downloadable!]
  3. Bardhan, Pranab & Roemer, John E, 1992. "Market Socialism: A Case for Rejuvenation," Journal of Economic Perspectives, American Economic Association, vol. 6(3), pages 101-16, Summer. [Downloadable!] (restricted)
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  4. Frank H. Knight, 1946. "Freedom Under Planning," Journal of Political Economy, University of Chicago Press, vol. 54, pages 451. [Downloadable!] (restricted)
  5. 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. [Downloadable!] (restricted)
  6. Frank H. Knight, 1950. "Economic and Social Policy in Democratic Society," Journal of Political Economy, University of Chicago Press, vol. 58, pages 513. [Downloadable!] (restricted)
  7. 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.
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