Economics Against Democracy
AbstractThe main purpose of this paper is to demonstrate that mainstream liberal economics is intrinsically contradictory to the democratic ideal. The first stage of this demonstration concerns the deconstruction of the naturalization process of economics, in other words the process through which putative economic laws became equivalent to natural laws, which transformed economic decisions into technical issues supposedly free from democratic debate. The second stage concerns the ways in which the market has managed to legitimize its hegemony in society and the reasons why this contributes to the erosion of democracy.JEL classification: A13, B00, P10
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Bibliographic InfoArticle provided by Union for Radical Political Economics in its journal Review of Radical Political Economics.
Volume (Year): 44 (2012)
Issue (Month): 1 (March)
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economic theory; rationality; market; capitalism; democracy;
Other versions of this item:
- A1 - General Economics and Teaching - - General Economics
- B4 - Schools of Economic Thought and Methodology - - Economic Methodology
- H4 - Public Economics - - Publicly Provided Goods
- H5 - Public Economics - - National Government Expenditures and Related Policies
- I3 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty
- J8 - Labor and Demographic Economics - - Labor Standards
- K0 - Law and Economics - - General
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