Economics of Electoral Democracy

Adolfo Figueroa

Chapter Chapter 3 in The Quality of Society, Volume III, 2023, pp 37-64 from Springer

Abstract: Abstract According to unified theory of capitalism (UTC), economic and political elites are able to exercise powerPower elitesexercise power through institutions through the basic institutions of capitalismElectoral democracybasic institution of capitalism—private property rights, the market system, and electoral democracy—and become power elites. In particular, electoral democracy is the mechanism by which power elites capture the stateElectoral democracymechanism to capture the state. Power structure, as the combination of power elites and the institution of electoral democracyPower structureas combination of power elites and electoral democracy, is then the ultimate factor explaining the functioning of capitalist societies. Thus, UTC explains why and how economic growthIncome inequality and economic growth in the capitalist system is accompanied by social maladiesEconomic growth and social maladies: income inequalityEconomic growth, qualitative changes underand income inequality, environment degradationEconomic growth, qualitative changes underand environment degradation, and social disorderEconomic growth, qualitative changes underand social disorder.

Date: 2023
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
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:spr:sprchp:978-3-031-21072-3_3

Ordering information: This item can be ordered from
http://www.springer.com/9783031210723

DOI: 10.1007/978-3-031-21072-3_3

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().