FSC as a Theory of Liberal Democracy: The Economic System

Ezequiel Spector ()
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Ezequiel Spector: Adolfo Ibáñez University, Faculty of Liberal Arts

Chapter 5 in Freedom as Social Cooperation, 2026, pp 87-171 from Springer

Abstract: Abstract This chapter continues the development of this theory of liberal democracy. Here, I analyze how FSC can account for the functioning of the economic system, with institutions such as private property, markets, and money, as well as institutions that aim to correct market failures, like antitrust legislation, labor law, and unions. I also examine, in light of FSC, the typical forms of state financing: taxation, public debt, and, in some cases, monetary issuance.

Date: 2026
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-032-12217-9_5

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DOI: 10.1007/978-3-032-12217-9_5

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