The importance of democracy for economists

Authors

  • Jorge Fernández-Baca UP

DOI:

https://doi.org/10.21678/apuntes.29.333

Keywords:

Economics, economic theory, democracy

Abstract

Economic theory has recently abandoned its attitude of indifference toward democracy and its importance for the functioning of markets. With the help of the Findlay-Wilson model, it can be shown how the absence of a democratic regime can bring stagnation and decline for society. Representative democracy can hardly be replaced by "direct democracy", as some intellectuals and politicians are presently proposing in Peru.

Downloads

Download data is not yet available.

Downloads

Published

1991-12-09

How to Cite

Fernández-Baca, J. (1991). The importance of democracy for economists. Apuntes. Social Sciences Journal, (29), 9–16. https://doi.org/10.21678/apuntes.29.333

Issue

Apuntes 29

Section

Articles

License

Apuntes publishes all its articles and reviews under a Creative Commons Attribution (CC BY 4.0) license with the objective of promoting academic exchange worldwide. Therefore, articles and book reviews can be distributed, edited, amended, etc., as the author sees fit. The only condition is that the name of the author(s) and Apuntes. Revista de Ciencias Sociales (as the publisher) be cited.