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Republic of Equals - Predistribution and Property-Owning Democracy (Hardcover)
Loot Price: R3,438
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Republic of Equals - Predistribution and Property-Owning Democracy (Hardcover)
Series: Oxford Political Philosophy
Expected to ship within 10 - 15 working days
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The first book length study of property-owning democracy, Republic
of Equals argues that a society in which capital is universally
accessible to all citizens is uniquely placed to meet the demands
of justice. Arguing from a basis in liberal-republican principles,
this expanded conception of the economic structure of society
contextualizes the market to make its transactions fair. The author
shows that a property-owning democracy structures economic
incentives such that the domination of one agent by another in the
market is structurally impossible. The result is a renovated form
of capitalism in which the free market is no longer a threat to
social democratic values, but is potentially convergent with them.
It is argued that a property-owning democracy has advantages that
give it priority over rival forms of social organization such as
welfare state capitalism and market socialist institutions. The
book also addresses the currently high levels of inequality in the
societies of the developed West to suggest a range of policies that
target the "New Inequality" of our times. For this reason, the work
engages not only with political philosophers such as John Rawls,
Philip Pettit and John Tomasi, but also with the work of economists
and historians such as Anthony B. Atkinson, Francois Bourguignon,
Jacob S. Hacker, Lane Kenworthy, and Thomas Piketty.
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