Tensions Between Capitalism and Democracy Today

This book examines the intellectual ideas that underpin our understanding of capitalism. Framing these debates through the work on John Stuart Mill and Joseph Schumpeter, the development of democracy and its relationship with capitalism is explored to provide insight into the rationality of individuals and the distribution of power. By analysing the evolution of economic systems, ideas relating to democracy, capitalism, liberalism, competition, and elites are also defined. This book aims to inform current economic and political debates and to highlight new forms of democracy and capitalism. It will be relevant to students and researchers interested in the political economy and the history of economic thought.

Highlights the characteristics of modern capitalism and how it differs from classical capitalism Examines the relationship between poverty and inequality and modern state capitalism Discusses how modern economic development has created growth and innovation to nations and individuals

Autorentext
Gülenay Bä Dinar is Professor of Economics at Abant Izzet Baysal University.

Ç nla Akdere is Assistant Professor in Economics at the Middle East Technical University.

Inhalt

• 1. Introduction: Why Read Mill and Schumpeter Today?.-2.
  Capitalism, Democracy and Elites.-3. Mill on Majority Power and Elite Government.-4. Schumpeter on Capitalist Development, Creative Destruction and Elites.-5. Conclusion: How Mill and Schumpeter tell us today?
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