Can Democracy and Capitalism Be Reconciled?
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Product details:
- Publisher OUP USA
- Date of Publication 30 November 2024
- ISBN 9780197774694
- Binding Hardback
- No. of pages608 pages
- Size 234x156x38 mm
- Weight 1021 g
- Language English 567
Categories
Short description:
In Can Capitalism and Democracy Be Reconciled?, Sidney M. Milkis and Scott C. Miller have gathered a truly eminent cast of contributors to provide a multidisciplinary examination of the intersection of capitalist economic systems and democratic societies across time and space. Featuring twenty-four essays from scholars across nine different academic fields, the volume interrogates the ideas, history, and policy behind these two principal elements of liberal society. The volume begins with an introduction that explores the vibrant historical debate over whether democracy and capitalism can and should coexist in America and further analyzes the places where democracy and capitalism thrive and diverge and the systemic adjustments needed to sustain democratic capitalism in the future.
MoreLong description:
In Can Capitalism and Democracy Be Reconciled?, Sidney M. Milkis and Scott C. Miller have gathered a truly eminent cast of contributors to provide a multidisciplinary examination at the intersection of capitalist economies and democratic political systems across time and space. Featuring twenty-four essays from scholars across nine different academic fields, the volume interrogates the ideas, history, and policy behind these two pillars of liberal society.
The volume begins with an introduction that explores the vibrant historical debate over whether democracy and capitalism can and should coexist in America. The contributors, further examining the United States and comparable countries, conclude that democracy and capitalism can be reconciled; at the same time, many recognize that the relationship is fragile and urge systemic changes that might sustain democratic capitalism in the future. The core thematic sections begin with an examination of the foundational yet fluid meaning of democracy and capitalism and consider the inherent tensions in reconciling them. The remaining sections address the underlying causes of, and solutions to, five modern "pathologies" of democratic capitalism: 1) Environmental Degradation; 2) Governance and Consolidation of Private Power; 3) Inequality and Opportunity; 4) Polarization; and 5) Frictions at the Intersection of Popular Will and Sound Policy. By examining these pathologies from many disciplinary and temporal angles, this volume provides a rounded understanding of why these pathologies arose, how they have influenced society, and how free people can reform their political economy to bring it more in line with their values.
Table of Contents:
Introduction
SECTION I The Nature of Democratic Capitalism
Capitalism and Democracy: Will They Survive?
Two Peas in a Pod: Democracy and Capitalism
Political Parties and Democratic Capitalism
The Varying Fortunes of Democratic Capitalism
SECTION II Environmental Degradation
Democratic Capitalism, Industrial Policy, and the Challenge of Climate Change
Can Democratic Capitalism Protect the Climate?
Recruiting Capitalism for Environmental Protection
SECTION III Governance and Consolidation of Private Power
Can Democracy and Capitalism be Reconciled?
The Problem of Market Power in Postwar America: Antitrust Law, Regulatory Discourse, and Changing Ideas of Market Power
Democracy, Capitalism, and Equality: The Importance of Impersonal Rules
SECTION IV Inequality and Opportunity
Can Capitalism Save Itself?: Capitalism's Looming Threats to Democracy and Practical Strategies to Step Back from the Brink
Diversity, Pluralism and Tolerance: The Roots of Economic Prosperity?
For-profit Colleges and the Tension between Capitalism and American Democracy
The Fourth Subsidiary Ideal: Empowering Economies
SECTION V Polarization
In Polanyi's Shadow: Race, Capitalism, and Democracy in Our Time
From Leader to Laggard? American Democratic Capitalism in the Knowledge Economy
How the Transformation of the American Political Economy Spurred a Rural-Urban Political Divide
Capitalism, Democracy, and the Rise of the New Right: A Shifting Landscape
SECTION VI Frictions at the Intersection of Democracy and Capitalism: Popular will And "Sound Policy"
Institutions as Interstices: Frictions at the Intersection of Democracy and Capitalism
Representative Government and Mercantilism in England
Freedom's Frictions: Entrepreneurial Imaginaries in the Making of American Capitalism and Democracy
Financial Crises and the Coexistence of Democracy and Capitalism: The Case of the Panic of 1907
Conclusion: Can Democracy and Capitalism be Reconciled? Ten Conclusions in the Search for a Just Society
