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An Economic Theory of Democracy is a treatise of economics written by Anthony Downs, published in 1957. [1] The book set forth a model with precise conditions under which economic theory could be applied to non- market political decision-making .
[22]: 89–91 In this view, the term economic democracy does not mean worker control of industry, but democratic control of credit. [22]: 4–9 Removing the policy of production from banking institutions, government, and industry, social credit envisages an "aristocracy of producers, serving and accredited by a democracy of consumers".
Economic democracy (sometimes called a democratic economy [1] [2]) is a socioeconomic philosophy that proposes to shift ownership [3] [4] [5] and decision-making power from corporate shareholders and corporate managers (such as a board of directors) to a larger group of public stakeholders that includes workers, consumers, suppliers, communities and the broader public.
Modern thinking towards the topic of the redistribution of wealth, focuses on the concept that economic development increases the standard of living across an entire society. Today, income redistribution occurs in some form in most democratic countries, through economic policies. Some redistributive policies attempt to take wealth, income, and ...
Democratic capitalism, also referred to as market democracy, is a political and economic system that integrates resource allocation by marginal productivity (synonymous with free-market capitalism), with policies of resource allocation by social entitlement. [1] The policies which characterise the system are enacted by democratic governments. [1]
The redemption movement is an element of the pseudolaw movement, mainly active in the United States and Canada, that promotes fraudulent debt and tax payment schemes. [1] The movement is also called redemptionism . [ 2 ]
Distributism is an economic theory asserting that the world's productive assets should be widely owned rather than concentrated. [1] Developed in the late 19th and early 20th centuries, distributism was based upon Catholic social teaching principles, especially those of Pope Leo XIII in his encyclical Rerum novarum (1891) and Pope Pius XI in ...
Robert Alan Dahl (/ d ɑː l /; December 17, 1915 – February 5, 2014) was an American political theorist and Sterling Professor of Political Science at Yale University.. He established the pluralist theory of democracy—in which political outcomes are enacted through competitive, if unequal, interest groups—and introduced "polyarchy" as a descriptor of actual democratic governance.