Would Economic Democracy Decrease the Amount of Public Bads?
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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|Date of creation:||1991|
|Contact details of provider:|| Postal: UNIVERSITY OF CALIFORNIA DAVIS, INSTITUTE OF GOVERNMENTAL AFFAIRS, RESEARCH PROGRAM IN APPLIED MACROECONOMICS AND MACRO POLICY, DAVIS CALIFORNIA 95616 U.S.A.|