IDEAS home Printed from https://ideas.repec.org/p/cfe/wpcefa/2014_03.html
   My bibliography  Save this paper

Economics for Substantive Democracy

Author

Listed:
  • Manuel Couret Branco

    (Department of Economics, Universidade de Évora)

Abstract

What is the scope of economics as a science, what is economics for? Real freedom or what we call substantive democracy has never been an objective of economics. In this perspective freedom, or the lack of it, would not be a purpose of a particular economic system, but at best one of its side effects. In this paper I sustain that economics’ discourse has become one the most substantial contributors to what could be called the erosion of democracy. The first argument used in this case against economics refers to its attempt to be considered a neo-naturalistic science; the second concerns the fact that economics considers democracy contradictory to the expression of its scientific rationality and; the third, that economics crowds out people from decision-making processes by pushing them into the hands of experts. What part should economics be called to play in this search for substantive democracy? This issue is all the more critical that economics has reached the status of a major political fact. Partisan political programs have essentially become economic programs, and economic variables have thereby become major global political issues. One of the ways for economics to contribute to substantive democracy is to propose an alternative discourse to mainstream economics. An economics favorable to substantive democracy should, thereby, be political rather than naturalistic, pluralist rather than monist and, instead of crowding out people from decisions processes, should aim at the co-production of economic knowledge with those concerned by the outcome of economic decisions.

Suggested Citation

  • Manuel Couret Branco, 2014. "Economics for Substantive Democracy," CEFAGE-UE Working Papers 2014_03, University of Evora, CEFAGE-UE (Portugal).
  • Handle: RePEc:cfe:wpcefa:2014_03
    as

    Download full text from publisher

    File URL: http://www.cefage.uevora.pt/en/content/download/4512/54469/version/1/file/2014_03.pdf
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Wagner, Alfred, 1891. "Marshall's Principles of Economics," History of Economic Thought Articles, McMaster University Archive for the History of Economic Thought, vol. 5, pages 319-338.
    2. Ricardo, David, 1821. "On the Principles of Political Economy and Taxation," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, edition 3, number ricardo1821.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. H. W. Arndt, 1984. "Political Economy," The Economic Record, The Economic Society of Australia, vol. 60(3), pages 266-273, September.
    2. Tin Htoo NAING & Yap Su FEI, 2015. "Multinationals, Technology and Regional Linkages in Myanmar's Clothing Industry," Working Papers DP-2015-14, Economic Research Institute for ASEAN and East Asia (ERIA).
    3. Yang, Chia-Hsuan & Nugent, Rebecca & Fuchs, Erica R.H., 2016. "Gains from others’ losses: Technology trajectories and the global division of firms," Research Policy, Elsevier, vol. 45(3), pages 724-745.
    4. Seyoum, Belay, 2007. "Trade liberalization and patterns of strategic adjustment in the US textiles and clothing industry," International Business Review, Elsevier, vol. 16(1), pages 109-135, February.
    5. Rajah Rasiah & Johannes Dragsbaek Schmidt, 2010. "Introduction," Chapters, in: Rajah Rasiah & Johannes Dragsbaek Schmidt (ed.), The New Political Economy of Southeast Asia, chapter 1, Edward Elgar Publishing.
    6. Pasinetti, Luigi L., 2019. "Causality and interdependence in econometric analysis and in economic theory," Structural Change and Economic Dynamics, Elsevier, vol. 49(C), pages 357-363.
    7. Ron Baiman, 2010. "The Infeasibility of Free Trade in Classical Theory: Ricardo's Comparative Advantage Parable has no Solution," Review of Political Economy, Taylor & Francis Journals, vol. 22(3), pages 419-437.
    8. Patrick L. Anderson, 2019. "Business strategy and firm location decisions: testing traditional and modern methods," Business Economics, Palgrave Macmillan;National Association for Business Economics, vol. 54(1), pages 35-60, January.
    9. Truong Hong Trinh, 2019. "General Equilibrium Modeling for Economic Policy Analysis," International Journal of Economics and Financial Issues, Econjournals, vol. 9(4), pages 25-36.
    10. Francesco Di Comite & d'Artis Kancs & Patrizio Lecca, 2018. "Modeling agglomeration and dispersion in space: The role of labor migration, capital mobility and vertical linkages," Review of International Economics, Wiley Blackwell, vol. 26(3), pages 555-577, August.
    11. Nicola Mattoscio & Donatella Furia, 2010. "A Multidimensional Model Analysis in Cultural Economics: The Italian Case," Tourism Economics, , vol. 16(3), pages 565-583, September.
    12. Dora, MARTINS & Laura-Maria, DINDIRE, 2013. "Human Capital In The Knowledge-Based Society - Comparative Analysis: Romania-Portugal," Management Strategies Journal, Constantin Brancoveanu University, vol. 22(Special), pages 346-354.
    13. Lee, Kang-Soek & Werner, Richard A., 2018. "Reconsidering Monetary Policy: An Empirical Examination of the Relationship Between Interest Rates and Nominal GDP Growth in the U.S., U.K., Germany and Japan," Ecological Economics, Elsevier, vol. 146(C), pages 26-34.
    14. Henilane Inita, 2016. "Housing Concept and Analysis of Housing Classification," Baltic Journal of Real Estate Economics and Construction Management, Sciendo, vol. 4(1), pages 168-179, November.
    15. Thomas Ejdemo & Daniel Örtqvist, 2021. "Exploring a leading and lagging regions dichotomy: does entrepreneurship and diversity explain it?," Journal of Innovation and Entrepreneurship, Springer, vol. 10(1), pages 1-26, December.
    16. Pflüger, Michael & Tabuchi, Takatoshi, 2019. "Comparative advantage, agglomeration economies and trade costs," Journal of Urban Economics, Elsevier, vol. 109(C), pages 1-13.
    17. A.J. Arnold, 2017. "Capital reduction case law decisions and the development of the capital maintenance doctrine in late-nineteenth-century England," Accounting and Business Research, Taylor & Francis Journals, vol. 47(2), pages 172-190, February.
    18. Basant Kapur, 1997. "Book Reviews," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 6(1), pages 113-116.
    19. Fabio Ravagnani, 2008. "Classical Theory and Exhaustible Natural Resources: Notes on the Current Debate," Review of Political Economy, Taylor & Francis Journals, vol. 20(1), pages 79-93.
    20. SAITO Yukiko, 2013. "Role of Hub Firms in Geographical Transaction Network," Discussion papers 13080, Research Institute of Economy, Trade and Industry (RIETI).

    More about this item

    Keywords

    Economic Theory; Political Economy; Democracy; Decision-Making.;
    All these keywords.

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • B40 - Schools of Economic Thought and Methodology - - Economic Methodology - - - General
    • K00 - Law and Economics - - General - - - General (including Data Sources and Description)
    • P16 - Economic Systems - - Capitalist Systems - - - Political Economy of Capitalism

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cfe:wpcefa:2014_03. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: . General contact details of provider: https://edirc.repec.org/data/cfevopt.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Angela Pacheco (email available below). General contact details of provider: https://edirc.repec.org/data/cfevopt.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.