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Would Economic Democracy Decrease the Amount of Public Bads?

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  • Roemer, J.E.

Abstract

The general argument of those who believe that economic democracy decreases the amount of public bads is that, with economic democracy, 'the people' would make decisions rather than a small class of capitalists. An attempt is made to evaluate and analyze this argument. Several possibilities emerge and the situation is found to be more subtle than implied by this popular argument. Copyright 1993 by The editors of the Scandinavian Journal of Economics.
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Suggested Citation

  • Roemer, J.E., 1991. "Would Economic Democracy Decrease the Amount of Public Bads?," Papers 376, California Davis - Institute of Governmental Affairs.
  • Handle: RePEc:fth:caldav:376
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    Cited by:

    1. Alexandre BERTHE & Luc ELIE, 2014. "Les conséquences environnementales des inégalités économiques : structuration théorique et perspectives de recherche (In French)," Cahiers du GREThA 2014-18, Groupe de Recherche en Economie Théorique et Appliquée.
    2. 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.
    3. David Kelsey & Frank Milne, 2006. "Externalities, monopoly and the objective function of the firm," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 29(3), pages 565-589, November.
    4. Robinson, James A. & Srinivasan, T.N., 1993. "Long-term consequences of population growth: Technological change, natural resources, and the environment," Handbook of Population and Family Economics,in: M. R. Rosenzweig & Stark, O. (ed.), Handbook of Population and Family Economics, edition 1, volume 1, chapter 21, pages 1175-1298 Elsevier.
    5. Thomas Renstrom & Erkan Yalcin, 2002. "Endogenous Firm Objectives," Industrial Organization 0204001, EconWPA.
    6. Corneo, Giacomo, 2006. "Media capture in a democracy: The role of wealth concentration," Journal of Public Economics, Elsevier, vol. 90(1-2), pages 37-58, January.
    7. James A. Yunker, 2003. "Capital Wealth Inequality and Public Bads: A Mathematical Analysis," Eastern Economic Journal, Eastern Economic Association, vol. 29(1), pages 105-119, Winter.
    8. Thomas Renstrom & Erkan Yalcin, "undated". "Endogeneous Firm Objectives," Wallis Working Papers WP27, University of Rochester - Wallis Institute of Political Economy.
    9. Frank Milne & David Kelsey, 2006. "Takeovers and Cooperatives," Working Papers 1113, Queen's University, Department of Economics.
    10. Renström, Thomas I & Yalcin, Erkan, 2002. "Endogenous Firm Objectives," CEPR Discussion Papers 3361, C.E.P.R. Discussion Papers.
    11. Corneo, Giacomo G., 1997. "Taxpayer-consumers and public pricing," Economics Letters, Elsevier, vol. 57(2), pages 235-240, December.
    12. Berthe, Alexandre & Elie, Luc, 2015. "Mechanisms explaining the impact of economic inequality on environmental deterioration," Ecological Economics, Elsevier, vol. 116(C), pages 191-200.

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    Keywords

    democracy ; socialism ; economic models;

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