Das zukünftige Verhältnis von Kapitalismus und Demokratie aus ökonomischer Sicht

Gebhard Kirchgaessner ()
Authors registered in the RePEc Author Service: Gebhard Kirchgässner

No 1506, Economics Working Paper Series from University of St. Gallen, School of Economics and Political Science

Abstract: Whether democracy or capitalism should have normative priority depends on the philosophical point of view but also how both are defined. The more relevant perspective is, however, the positive one. Formally, politics dominate, but the economy often dominates de facto because political decisions against interests of powerful economic players might cause high societal costs. Since the downfall of the Iron Wall capitalism spread out much more than democracy. Future development might strongly depend on the development of the new authoritarian market economies: Can high growth continue while political rights are largely suppressed, or do they have to concede more and more to democratic rights in order to ensure further eco-nomic growth? One would like to see the latter one, but this is by no means sure.

Keywords: Capitalism; Democracy; Economic Development; Market Economy (search for similar items in EconPapers)
JEL-codes: H11 O10 (search for similar items in EconPapers)
Pages: 23 pages
Date: 2015-02
New Economics Papers: this item is included in nep-ger and nep-hpe
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://ux-tauri.unisg.ch/RePEc/usg/econwp/EWP-1506.pdf (application/pdf)

Related works:
Working Paper: Das zukünftige Verhältnis von Kapitalismus und Demokratie aus ökonomischer Sicht (2015)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:usg:econwp:2015:06

Access Statistics for this paper

More papers in Economics Working Paper Series from University of St. Gallen, School of Economics and Political Science Contact information at EDIRC.
Bibliographic data for series maintained by ().