Republic of Equals
Predistribution and Property-Owning Democracy
Series: Oxford Political Philosophy;
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Product details:
- Publisher OUP USA
- Date of Publication 5 January 2017
- ISBN 9780190602116
- Binding Hardback
- No. of pages472 pages
- Size 239x163x38 mm
- Weight 748 g
- Language English 0
Categories
Short description:
This first book length study of property-owning democracy argues that a society in which capital is universally accessible to all citizens uniquely meets the demands of justice. It defends 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.
MoreLong description:
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, François Bourguignon, Jacob S. Hacker, Lane Kenworthy, and Thomas Piketty.
Thomas's vision of an egalitarian property-owning democracy is powerful and compelling...Thomas arguably provides the best hope that liberal democratic states have for ensuring greater justice and also repairing what has broken in our current democratic theory and practice.
Table of Contents:
Introduction
Chapter One: Rawls, Republicanism and Liberal-republicanism
Chapter Two: Justice, Pareto and Equality.
Chapter Three: G. A. Cohen's neo-Marxist Critique of Rawls
Chapter Five: Three Forms of Republican Egalitarianism.
Chapter Six: A Liberal-republican Economic System
Chapter Seven: Rawls's Critique of Welfare State Capitalism.
Chapter Eight: Property-owning Democracy Versus Market Socialism
Chapter Nine: Towards a Pluralistic Commonwealth
Chapter Ten: Classical Liberalism and Property-owning Democracy
Chapter Eleven: A Realistic Utopianism?
Chapter Twelve: Inequality and Globalization
Conclusion: Nothing is Obvious
Bibliography
Notes
Index
