Economic and Political Democracy in Complex Times History, Analysis and Policy
The concept of economic democracy is traditionally identiﬁed with workplace democracy and participation at the enterprise level. This is a very important dimension, but the concept of new economic democracy also recognizes that, in a world of increasing complexity, the principles of democratic deliberation and social participation have to be applied to other areas as well.
This book takes a fresh look at economic democracy from various perspectives. It provides rich historical narratives of episodes of social participation in the economy and society, more broadly, from the 19th to the 21st century. It dissects the various analytical underpinnings informing the theory of economic democracy connecting it with collective choice, social contract theory, Marxian analysis and libertarian critiques. The book identiﬁes new areas of application of the principles of democratic deliberation and oversight such as the adoption of austerity policies, the signing of free trade agreements, the conduct of central bank policies, international investment treaties and natural resource management. It takes a guided tour through the evolution of economic, social and cultural rights and their impact on the design and implementation of social policy and the welfare/ developmental state.
The book expands the notion of economic democracy from factory level to the macro-economy and then to global economic governance. It also discusses the critical links between political democracy and economic democracy and the need for a more democratic and socially equitable economy in the 21st century. This volume will ﬁnd an audience among economists, political scientists, social activists, philosophers and sociologists.
Chapter 1. Introduction
Chapter 2. Economic Democracy and Socio-Political Change in Historical Perspective
Chapter 3. Political Democracy, Economic Democracy and Distributive Justice
Chapter 4. Austerity Policies, Neoliberal Restructuring and Human Rights
Chapter 5. Economic and Political Rights and Social Policy
Chapter 6. Democratizing Monetary Systems and Bitcoin (with Pedro Solimano)
Chapter 7. Global Economic Democracy
Chapter 8. Synthesis