Democracy has moved to the centre of systemic reflections on
political economy, gaining a position which used to be occupied by
the debate about socialism and capitalism. Certitudes about
democracy have been replaced by an awareness of the elusiveness and
fluidity of democratic institutions and of the multiplicity of
dimensions involved. This is a book which reflects this
intellectual situation. It consists of a collection of essays by
well-known economists and political scientists from both North
America and Europe on the nature of democracy, on the conditions
for democracy to be stable, and on the relationship between
democracy and important economic issues such as the functioning of
the market economy, economic growth, income distribution and social
policies.
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