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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.
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 .
Professor of Entrepreneurship Elias G. Carayannis and Arisitidis Kaloudis, Economics Professor at the Norwegian University of Science and Technology (NTNU), describe democratic capitalism as an economic system which combines robust competitiveness with sustainable entrepreneurship, with the aim of innovation and providing opportunities for ...
In "Non-Modernization" (2022), Daron Acemoglu and James A. Robinson argue that modernization theory cannot account for various paths of political development "because it posits a link between economics and politics that is not conditional on institutions and culture and that presumes a definite endpoint—for example, an 'end of history'." [83]
Under different regimes, political phenomena have a different meaning, and as such, it is not surprising that economic actors react differently. Under dictatorships, whenever the regime is threatened, or there are expected changes, workers or masses of people assemble to strike and protest against their opposition, that is the government, and ...
Democratic socialism is a left-wing [1] economic and political philosophy that supports political democracy and some form of a socially owned economy, [2] with a particular emphasis on economic democracy, workplace democracy, and workers' self-management [3] within a market socialist, decentralised planned, or democratic centrally planned ...
In Connecticut’s 2nd Senate District, for example, Republicans decreased their loss margin by some 20 percentage points. But Democrats see promising signs in other areas. In Iowa’s 45th Senate District, where Clinton defeated Trump by about 16 percentage points, Democrat Jim Lykam defeated Mike Gonzales, the GOP candidate, by an almost 50 ...
"A sphere of life calls forth interests arising only within that sphere. Out of the economic sphere one can develop only economic interests. If one is called out of this sphere to produce legal judgements as well, then these will merely be economic interests in disguise.". [1] Social threefolding aims to foster: equality and democracy in ...