Abstract
Some authors make the dominance of markets responsible for the current crisis of Western democracies. In order to prevent a further development in a post-democratic direction political science has to scrutinize all strategies that aim to establish a predominance of politics including strategies beyond a better market regulation and a further expansion of the welfare state. The paper examines selected contributions to normative political theory in search for models of (1) the democratization of the market economy, (2) the creation of a just economy and (3) the moralization of market economies. Are justifiable models for a democratized economy, a just economy or a moralized market presented in the literature? The distinction between organizations and transactions proves to be important in order to answer the question of how a reconfiguration of the market economy dominated by standards of justice and political equality could look like. Models of internal democratization and self-management have been developed for companies as the organizational part of market economies. In contrast, there is no way to democratize market transactions themselves. With reference to John Rawls and his conception of a property-owning democracy the article analyses the inherent tendency of market transactions to contribute to an accumulation of inequality and the institutional models to limit or to compensate for these side effects of markets.
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©2014 by De Gruyter
Artikel in diesem Heft
- Frontmatter
- Party System Institutionalization: The Cases of Italy and the Federal Republic of Germany
- E-Government and Corruption: A Cross-Country Survey
- The Formation of the Japan-ROK Security Relationship: The Response to the “Security Crisis” of 1968 under the Divided System of the Korean Peninsular and “Security Economic Cooperation”
- Toward a Better Fiscal Governance?
- Towards a Political Theory of the Market Economy
- Political and Economic Effects on Greenhouse Gas Emissions – a Quantitative Study
- A Special Majority Cabinet? Supported Minority Governance and Parliamentary Behavior in the Netherlands
- Negative and Personalized Campaign Rhetoric: Party Communication and Media Coverage of Danish Parliamentary Elections 1994–2011
- Liberal and Radical Democracies: The Swiss Cantons Compared
Artikel in diesem Heft
- Frontmatter
- Party System Institutionalization: The Cases of Italy and the Federal Republic of Germany
- E-Government and Corruption: A Cross-Country Survey
- The Formation of the Japan-ROK Security Relationship: The Response to the “Security Crisis” of 1968 under the Divided System of the Korean Peninsular and “Security Economic Cooperation”
- Toward a Better Fiscal Governance?
- Towards a Political Theory of the Market Economy
- Political and Economic Effects on Greenhouse Gas Emissions – a Quantitative Study
- A Special Majority Cabinet? Supported Minority Governance and Parliamentary Behavior in the Netherlands
- Negative and Personalized Campaign Rhetoric: Party Communication and Media Coverage of Danish Parliamentary Elections 1994–2011
- Liberal and Radical Democracies: The Swiss Cantons Compared