Democracy The Market And The Firm

Author : Hervé Crès,Mich Tvede
Publisher : Oxford University Press
Page : 208 pages
File Size : 41,6 Mb
Release : 2021-07-29
Category : Business & Economics
ISBN : 9780192647580

Get Book

Democracy, the Market, and the Firm by Hervé Crès,Mich Tvede Pdf

Why are collective choices so stable and easy to make in practice, when in theory it should be totally otherwise? This question has puzzled social scientists since Condorcet in the eighteenth century. A striking illustration of this puzzle is the almost unanimous support of shareholders in publicly traded companies to the motions tabled by directors. Democracy, the Market, and the Firm investigates the behavioural assumptions leading to an alignment of shareholders, even in a context of severe market failures, and provides an analysis of the philosophical and axiomatic underpinnings of these assumptions. In sum, and figuratively, Crès and Tvede argue that the invisible hand of the market and the active hand of democracy can work hand in hand to give rise to a better world. The first part of the book explores the interplay between the voting and trading mechanisms. Two main arguments are proposed: on the one hand, the better the market works, the easier it is for majority voting to achieve political stability; on the other hand, among all market equilibria, those that are politically stable are more likely to be economically efficient. The second part of the book explores the feedback from collective choices to individual preferences.

Author : Hervé Crès,Mich Tvede
Publisher : Unknown
Page : 181 pages
File Size : 45,6 Mb
Release : 2021
Category : Collective behavior
ISBN : 0191915610

Get Book

Democracy, the Market, and the Firm by Hervé Crès,Mich Tvede Pdf

This book investigates the assumptions that allow shareholders to align in voting decisions even in a context of severe market failures. The authors argue that the invisible hand of the market and the active hand of democracy can jointly bring about positive outcomes.

Author : Samuel Bowles,Herbert Gintis,Bo Gustafsson
Publisher : Cambridge University Press
Page : 372 pages
File Size : 47,6 Mb
Release : 1993-07-22
Category : Business & Economics
ISBN : 0521432235

Get Book

Markets and Democracy by Samuel Bowles,Herbert Gintis,Bo Gustafsson Pdf

This book asks whether a modern, efficient economy can be rendered democratically accountable, and, if so, what strategic changes might be required to regulate the market- based interaction of economic agents. The contributors bring contemporary microeconomic theory to bear in an attempt to find a progressive replacement to traditional state socialism. Various approaches to the study of economic interaction are considered in an attempt to understand the relationship between power and efficiency in market economies.

Author : Adam Przeworski
Publisher : Cambridge University Press
Page : 230 pages
File Size : 45,5 Mb
Release : 1991-07-26
Category : Business & Economics
ISBN : 052142335X

Get Book

Democracy and the Market by Adam Przeworski Pdf

The quest for freedom from hunger and repression has triggered in recent years a dramatic, worldwide reform of political and economic systems. Never have so many people enjoyed, or at least experimented with democratic institutions. However, many strategies for economic development in Eastern Europe and Latin America have failed with the result that entire economic systems on both continents are being transformed. This major book analyzes recent transitions to democracy and market-oriented economic reforms in Eastern Europe and Latin America. Drawing in a quite distinctive way on models derived from political philosophy, economics, and game theory, Professor Przeworski also considers specific data on individual countries. Among the questions raised by the book are: What should we expect from these experiments in democracy and market economy? What new economic systems will emerge? Will these transitions result in new democracies or old dictatorships?

Author : David L. Prychitko
Publisher : Edward Elgar Publishing
Page : 238 pages
File Size : 49,5 Mb
Release : 2002-01-01
Category : Business & Economics
ISBN : 1843767384

Get Book

Markets, Planning, and Democracy by David L. Prychitko Pdf

Markets, planning, and democracy : essays after the collapse of communism / edited by David L. Prychitko.

Author : John R. Freeman
Publisher : Cornell University Press
Page : 329 pages
File Size : 47,7 Mb
Release : 2018-08-06
Category : Political Science
ISBN : 9781501724206

Get Book

Democracy and Markets by John R. Freeman Pdf

Events of the 1970s and 1980s have provoked intense controversy about the desirability of existing political and economic institutions. On the basis of an analysis of social welfare in varying types of market systems and in certain democratic political systems, Democracy and Markets illuminates alternative directions for institutional reform. Examining in detail the experiences of several democratic European countries, John R. Freeman considers whether a mixed ownership structure is preferable to a private ownership structure; and whether a pluralist type of democratic politics is preferable to a corporatist type. Freeman compares the benefits of the two economic and two political systems separately, and then analyzes the workings of four basic political economies. This analysis yields a welfare taxonomy for alternative forms of democratic capitalism and more specifically a characterization of the blends of collective gain and distributional equity that can be achieved in the four systems. Freeman demonstrates the validity of this taxonomy through an empirical investigation of the political economies of Britain, Austria, Sweden, and Italy. Under current conditions, he concludes, the corporatist-mixed system produces the most desirable blend of welfare outcomes.

Author : Adam Przeworski
Publisher : Cambridge University Press
Page : 244 pages
File Size : 44,9 Mb
Release : 2003-08-25
Category : Business & Economics
ISBN : 0521535247

Get Book

States and Markets by Adam Przeworski Pdf

The purpose of this book is to introduce the reader to the concepts and tools for studying relations between states and markets. The focus is methodological. Both the economy and the state are analyzed as networks of relations between principals and agents, occupying particular places in the institutional structure.Having introduced the principal-agent framework, the book analyzes systematically the effect of the organization of the state on the functioning of the economy. The central question is under what conditions government will do what they should be doing and not do what they should not.

Author : Hervé Crès,Mich Tvede
Publisher : Oxford University Press
Page : 181 pages
File Size : 40,7 Mb
Release : 2021
Category : Collective behavior
ISBN : 9780192894731

Get Book

Democracy, the Market, and the Firm by Hervé Crès,Mich Tvede Pdf

This book investigates the assumptions that allow shareholders to align in voting decisions even in a context of severe market failures. The authors argue that the invisible hand of the market and the active hand of democracy can jointly bring about positive outcomes.

Author : Shoshana Zuboff
Publisher : PublicAffairs
Page : 658 pages
File Size : 49,7 Mb
Release : 2019-01-15
Category : Business & Economics
ISBN : 9781610395700

Get Book

The Age of Surveillance Capitalism by Shoshana Zuboff Pdf

The challenges to humanity posed by the digital future, the first detailed examination of the unprecedented form of power called "surveillance capitalism," and the quest by powerful corporations to predict and control our behavior. In this masterwork of original thinking and research, Shoshana Zuboff provides startling insights into the phenomenon that she has named surveillance capitalism. The stakes could not be higher: a global architecture of behavior modification threatens human nature in the twenty-first century just as industrial capitalism disfigured the natural world in the twentieth. Zuboff vividly brings to life the consequences as surveillance capitalism advances from Silicon Valley into every economic sector. Vast wealth and power are accumulated in ominous new "behavioral futures markets," where predictions about our behavior are bought and sold, and the production of goods and services is subordinated to a new "means of behavioral modification." The threat has shifted from a totalitarian Big Brother state to a ubiquitous digital architecture: a "Big Other" operating in the interests of surveillance capital. Here is the crucible of an unprecedented form of power marked by extreme concentrations of knowledge and free from democratic oversight. Zuboff's comprehensive and moving analysis lays bare the threats to twenty-first century society: a controlled "hive" of total connection that seduces with promises of total certainty for maximum profit -- at the expense of democracy, freedom, and our human future. With little resistance from law or society, surveillance capitalism is on the verge of dominating the social order and shaping the digital future -- if we let it.

Author : George Bragues
Publisher : Springer
Page : 320 pages
File Size : 43,7 Mb
Release : 2016-11-11
Category : Political Science
ISBN : 9781137569400

Get Book

Money, Markets, and Democracy by George Bragues Pdf

This book offers a comprehensive analysis of the ways that politics and financial markets impact one another. In this relationship, politics is the ultimate controlling force. The kinds and prices of financial instruments that get traded and the individuals and institutions that get to trade them, not to mention the rules under which everyone trades, are all matters decisively influenced by an array of political variables - sometimes for the better, but all too often for the worse. The fault for this political skewing of the markets chiefly lies with democracy. Through its commitment to equality and its inclination towards fiscal profligacy, democracy hinders the markets from acting as a greater force for social good. To fix this skewing of finance, democracy’s troubling tendencies must be squarely faced and curbed by a return to its monetary roots. Democracy must reinstall gold at the monetary foundations of our financial markets.

Author : David L. Prychitko
Publisher : Edward Elgar Publishing
Page : 240 pages
File Size : 54,5 Mb
Release : 2002
Category : Business & Economics
ISBN : STANFORD:36105110260440

Get Book

Markets, Planning, and Democracy by David L. Prychitko Pdf

Markets, planning, and democracy : essays after the collapse of communism / edited by David L. Prychitko.

Author : Geoff Hodgson
Publisher : Harmondsworth, Middlesex : Penguin Books
Page : 284 pages
File Size : 53,5 Mb
Release : 1984
Category : Business & Economics
ISBN : STANFORD:36105037776510

Get Book

The Democratic Economy by Geoff Hodgson Pdf

Author : Robert Kuttner
Publisher : Knopf
Page : 440 pages
File Size : 43,5 Mb
Release : 1997
Category : Business & Economics
ISBN : UCSC:32106012837131

Get Book

Everything for Sale by Robert Kuttner Pdf

Zeroing in on such realms as health care and the workplace, the commercialization of sports and the arts, the chaotic deregulation of airlines, S&Ls, and telecommunications, and the buying and selling of public offices, Kuttner shows how markets can fail precisely those whom they are supposed to serve. Asking the crucial question, "What should not be for sale?", Kuttner shows why a society conceived as a grand auction block would not be a democracy worth having. 416 pp. Author tour. 25,000 print.

Author : Manville
Publisher : Unknown
Page : 256 pages
File Size : 44,9 Mb
Release : 2003-02
Category : Electronic
ISBN : 1578514401

Get Book

Company Of Citizens What The World'S First Democracy Teaches Leaders About Creating Great Organizations by Manville Pdf

The "knowledge revolution" is widely accepted, but strategic leaders now talk of the logical next step: the human capital revolution and the need to manage knowledgeable people in an entirely different way. The organization of the future must be not only nimble and flexible but also self-governing and values-driven. But what will this future organization look like? And how will it be led? In this thoughtful book, organizational expert Brook Manville and Princeton classics professor Josiah Ober suggest that the model for building the future organization may lie deep in the past. The authors argue that ancient Athenian democracy was an ingenious solution to organizing human capital through the practice of citizenship. That ancient solution holds profound lessons for today's forward-thinking managers: They must reconceive today's "employees" as "citizens." Through this provocative case study of innovation and excellence lasting two hundred years, Manville and Ober describe a surprising democratic organization that empowered tens of thousands of individuals to work together for both noble purpose and hard-edged performance. Their book offers timeless guiding principles for organizing and leading a self-governing enterprise. A unique and compelling think piece, A Company of Citizens will change the way managers envision the leadership, values, and structure of tomorrow's people-centered organizations.

Author : William A. Galston
Publisher : Brookings Institution Press
Page : 23 pages
File Size : 47,8 Mb
Release : 2014-11-10
Category : Political Science
ISBN : 9780815726630

Get Book

The New Challenge to Market Democracies by William A. Galston Pdf

William Galston explores the difficulties market democracies face in an era of diminished growth and a weakened middle class. Galston argues that if the West fails to address economic stagnation, other domestic and foreign policy issues will prove intractable.