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feminist, critical, post-modern and multicultural concepts of democracy all compete with each other (Lembcke et al. 2012). From a more simplified perspective, however, three groups of democracy theories can be identified: the minimalist, middle-ground and maximizing theories. Depending on which concept of democracy is applied, a
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Capitalism, Socialism and Democracy is one of the great classics in twentieth century social science. What makes Schumpeter’s book so brilliant are three things in particular: its novel view of democracy; its heretic analysis of the workings of the capitalist economy; and its provocative
Polanyi’s economic sociology, and in particular his twin categories of non-market redistributive and reciprocal forms of economic coordination, expand the conceptual toolkit of critical theorists in conceptualizing the relationship between democracy and capitalism. In general, critical theorists have focused unduly on the labor movement as ...
Minda de Gunzburg Center for European Studies Harvard University 27 Kirkland Street Cambridge MA 02138. phall@fas.harvard.edu. July 2021. ocracy, growth regimes, representation, political economyAbstractThis paper argues that the relationship between capitalism and democracy is not immutable but subject to changes over time best understood.
The minimal step needed that capitalism provides for a democracy can now be explored. Why is capitalism necessary to democracy? Perhaps capitalism has a functional relationship to democracy. The independence of persons is crucial to a system of voting. This independence is preserved by private property. Capitalism
There are many different versions of critical theory, both within the tradition of the Frankfurt School which inaugurated the idea and the concept of “critical theory”, and beyond the latter in the sense of feminist, poststructuralist, postmodernist, postcolonial and queer critical theories, to name the most prominent incarnations.
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Does capitalism have a functional relationship to democracy?
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The lack of a theory of institutional origins also haunts the literature on political institutions. As Riker (1980) argued many years ago, institutions are ‘congealed tastes’ which themselves have to be explained. Some of the latest literature on democracy and capitalism seeks to endogenize institutions, including the institution of democracy
