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Tensions Between Capitalism and Democracy Today

From the Perspective of J. S. Mill and J. A. Schumpeter

Çınla Akdere, Gülenay Baş Dinar

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Springer Nature Switzerland img Link Publisher

Sozialwissenschaften, Recht, Wirtschaft / Politik und Wirtschaft

Beschreibung

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.

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Schlagwörter

Power in society, Vilfredo Pareto, Elite government, Joseph Schumpeter, Economic crises and development, Karl Marx, Methodological individualism, Elite theories, Capitalism and democracy, John Stuart Mill, Institutional individualism