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Cornell University Press
summary

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.

Table of Contents

  1. Cover
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  1. Title Page, Copyright, Dedication
  2. pp. i-vi
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  1. Contents
  2. pp. vii-viii
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  1. Preface
  2. pp. ix-xii
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  1. Part 1: Introduction
  1. 1. Which Political-Economic System Is Most Desirable?
  2. pp. 16-33
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  1. 2. Theoretical Perspectives
  2. pp. 34-67
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  1. Part 2: Theory
  1. 3. Private Enterprise and Mixed Economies Compared
  2. pp. 70-94
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  1. 4. Democratic Polities Compared
  2. pp. 95-109
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  1. 5. The Politics of Mixed Economies
  2. pp. 110-147
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  1. Part 3: Evidence
  1. 6. Welfare Outcomes: Cross-national Evidence
  2. pp. 150-161
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  1. 7. A Tale of Two Political Economies
  2. pp. 162-215
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  1. 8. The Italian and Swedish Experiences
  2. pp. 216-237
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  1. Part 4: Extensions and Implications
  1. 9. The Politics of Openness and Foreign Public Enterprise
  2. pp. 240-264
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  1. 10. The Tale of Two Political Economies Revisited
  2. pp. 265-285
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  1. 11. Democracy and Capitalism
  2. pp. 286-299
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  1. References
  2. pp. 300-317
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  1. Index
  2. pp. 318-329
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Additional Information

ISBN
9781501724206
Related ISBN
9780801423260
MARC Record
OCLC
1080552140
Pages
352
Launched on MUSE
2019-01-02
Language
English
Open Access
No
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