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Reform and Market Democracy George Macesich

Reform and Market Democracy By George Macesich

Reform and Market Democracy by George Macesich


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Summary

For Eastern European and other countries, market democracy offers an organizing principle for reform, a model on which to base movement toward a market economy. Market democracy, the culmination of more than three hundred years of economic and political thought, is centered on a pluralistic democracy with a free-market-oriented society.

Reform and Market Democracy Summary

Reform and Market Democracy by George Macesich

For Eastern European and other countries, market democracy offers an organizing principle for reform, a model on which to base movement toward a market economy. Macesich stresses the importance of such an organizing principle, asserting that without it the state will again assume dominance and the political and economic structure will be taken over by well-organized special interests to the detriment of the rest of society. In such a scenario, reform simply perpetuates the interests of the ever-active political elite and bureaucracy. Market democracy, the culmination of more than three hundred years of economic and political thought, is centered on a pluralistic democracy with a free-market-oriented society. Proponents of market democracy do not share the Marxist pretention that commandeering society is the one way to assure prosperity and freedom; they are equally skeptical of the nationalism which has replaced Marxism in many of these countries as the guiding spirit of government. This study draws on the experience of the Austro-Hungarian Empire, demonstrating the futility of promoting narrow nationalism in the ethnic hodgepodge that constitutes the population in this part of Europe.

The volume's eight chapters look at the organization of a market democracy and the historical and theoretical principles involved. Then Macesich zeroes in on the key role of money, the constraints of nationalism; bureaucracy and market democracy; and property rights, privatization, and other issues. The volume closes with two chapters devoted to the politics of reform and a re-examination of Europe's past. This timely volume will be especially valuable to scholars in the areas of development economics, international finance and trade, political economy, political science, and socialism.

About George Macesich

GEORGE MACESICH is Professor of Economics, and Founding Director of the Center for Yugoslav-American Studies, Research, and Exchanges at Florida State University, Tallahassee. He is the author of 12 books, including Money and Democracy, (Praeger, 1990) and World Debt and Stability (Praeger, 1991).

Table of Contents

Preface Organizing Market Democracy Historical and Theoretical Underpinnings The Key Role of Money Constraints of Nationalism Bureaucracy and Market Democracy Property Rights, Privatization, and Other Issues The Politics of Reform Europe: Re-examined Bibliography Index

Additional information

NPB9780275939892
9780275939892
0275939898
Reform and Market Democracy by George Macesich
New
Hardback
Bloomsbury Publishing Plc
1991-10-30
160
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
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