Economics Against Democracy

Manuel Branco

Review of Radical Political Economics, 2012, vol. 44, issue 1, 23-39

Abstract: The main purpose of this paper is to demonstrate that mainstream liberal economics is intrinsically contradictory to the democratic ideal. The first stage of this demonstration concerns the deconstruction of the naturalization process of economics, in other words the process through which putative economic laws became equivalent to natural laws, which transformed economic decisions into technical issues supposedly free from democratic debate. The second stage concerns the ways in which the market has managed to legitimize its hegemony in society and the reasons why this contributes to the erosion of democracy.JEL classification: A13, B00, P10

Keywords: economic theory; rationality; market; capitalism; democracy (search for similar items in EconPapers)
Date: 2012
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Working Paper: Economics Against Democracy (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:sae:reorpe:v:44:y:2012:i:1:p:23-39

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