Economic democracy (sometimes called a Democratic Economy) is a socioeconomic philosophy that proposes to shift ownership 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. No single definition or approach encompasses economic democracy, but most proponents claim that modern property relations externalize costs, subordinate the general well-being to private profit and deny the polity a democratic voice in economic policy decisions. In addition to these moral concerns, economic democracy makes practical claims, such as that it can compensate for capitalism's inherent effective demand gap.
Proponents of economic democracy generally argue that modern capitalism periodically results in economic crises characterized by deficiency of effective demand as society is unable to earn enough income to buy its output production. Corporate monopoly of common resources typically creates artificial scarcity, resulting in socio-economic imbalances that restrict workers from access to economic opportunity and diminish consumer purchasing power. Economic democracy has been proposed as a component of larger socioeconomic ideologies, as a stand-alone theory and as a variety of reform agendas. For example, as a means to securing full economic rights, it opens a path to full political rights, defined as including the former. Both market and non-market theories of economic democracy have been proposed. As a reform agenda, supporting theories and real-world examples can include decentralization, democratic cooperatives, public banking, fair trade and the regionalization of food production and currency.
According to many analysts, deficiency of effective demand is the most fundamental economic problem. That is, modern society does not earn enough income to purchase its output.
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Takis Fotopoulos (Τάκης Φωτόπουλος, born 1940) is a Greek political philosopher, economist and writer who founded the Inclusive Democracy movement, aiming at a synthesis of classical democracy with libertarian socialism and the radical currents in the new social movements. He is an academic, and has written many books and over 900 articles,. He is the editor of The International Journal of Inclusive Democracy (which succeeded Democracy & Nature) and is the author of Towards An Inclusive Democracy (1997) in which the foundations of the Inclusive Democracy project were set.
Gar Alperovitz (born May 5, 1936) is an American historian and political economist. Alperovitz served as a fellow of King's College, Cambridge; a founding fellow of the Harvard Institute of Politics; a founding Fellow at the Institute for Policy Studies; a guest scholar at the Brookings Institution; and the Lionel R. Bauman Professor of Political Economy at the University of Maryland Department of Government and Politics from 1999 to 2015.
Market socialism is a type of economic system involving social ownership of the means of production within the framework of a market economy. Various models for such a system exist, usually involving some mix of public, cooperative, and privately owned enterprises. The central idea is that, as in capitalism, businesses compete for profits, however they will be "owned, or at least governed," by those who work in them. Market socialism differs from non-market socialism in that the market mechanism is utilized for the allocation of capital goods and the means of production.
Nous devons passer à un modèle économique plus résilient et inclusif en-dedans des limites planétaires. L'objectif de ce cours est de poser les questions que cette aspiration soulève, d'apporter les r
This year, the course will be held at Technical University of Denmark, Lyngby/Copenhagen,
8 to 12 May 2023.
Please contact the EDMT Administration for more information.
Covers the Paris Agreement, IPCC headlines, emission scenarios, and Equilibrium Climate Sensitivity, exploring future projections and socio-economic challenges.
Introduces Systems Engineering, emphasizing stakeholder analysis and clear requirement definition for project success.
Delves into the ethical impact of AI on labor, social interactions, and war, exploring framing and narratives.
Cities have been shaped by the exchange of food goods. The market hall was the building where the market took place as a social and economic activity. Their slow disappearance in the 20th Century was mostly due to a shift in consumption pattern as well as ...
Demand Response (DR) is progressively moving from a centralized, unidirectional structure to a set of advanced decentralized mechanisms that better balance distributed supply and demand. This paper presents a decentralized cooperative DR framework to manag ...
ELSEVIER SCI LTD2020
About 20 years after CIAM 2, themes of minimum dwelling for working class were put into large-scale practice for building welfare state and social democracy in all countries that participated in the Marshall Plan and postwar phenomena of transnational and ...