Reversal of Opinion: The Implications of the Work of Acemoglu and Robinson for Marxist Thought

Howard Petith ()

UFAE and IAE Working Papers from Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC)

Abstract: This paper describes the implications for Marxist thought of the work of Daron Acemoglu and James Robinson. In the first two periods of this they explained how the rise of democracy brought prosperity to Europe and why the same process had not worked in Latin America because of the possibility of coups. The implication is that mass poverty can better be alleviated by safeguarding democracy rather than moving to socialism. In the last period A and R have formalized doubts about the efficacy of democracy in this role. The implication here is that Marxists should work to find a system of government that is immune to elite dominance. Hugo Chávez is taken as an example.

Keywords: Marx; democracy; revolution; participatory democracy (search for similar items in EconPapers)
JEL-codes: B14 B51 D72 D74 O15 P16 (search for similar items in EconPapers)
Pages: 29
Date: 2008-08-01
New Economics Papers: this item is included in nep-hpe and nep-pke
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:aub:autbar:754.08

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