| Markets and Democracy Contributor(s): Bowles, Samuel (Editor), Gintis, Herbert (Editor), Gustafsson, Bo (Editor) |
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ISBN: 0521064112 ISBN-13: 9780521064118 Publisher: Cambridge University Press OUR PRICE: $44.64 Product Type: Paperback - Other Formats Published: June 2008 Annotation: This book asks whether a modern, efficient economy can be rendered democratically accountable. |
| Additional Information |
| BISAC Categories: - Business & Economics | Economics - Theory - Business & Economics | Development - Economic Development - Political Science | Political Economy |
| Dewey: 338.9 |
| Physical Information: 0.8" H x 6" W x 9" (1.16 lbs) 360 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: The market does not spontaneously generate democratic or participatory economic institutions. 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-mediated interaction of economic agents. The contributors bring contemporary microeconomic theory to bear on a range of related issues, including the relationship between democratic firms and efficiency in market economies; incentives and the relative merits of various forms of internal democratic decision-making; and the effects of democratically accountable firms on innovation, saving, investment, and on the informational and disciplinary aspects of markets. Various approaches to the study of economic interaction (game theory, transactions' cost analysis, social choice theory, rent-seeking, etc.) are considered in an attempt to understand the relationship between power and efficiency in market economies. |