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.
| Translated title of the contribution | The importance of democracy for economists |
|---|---|
| Original language | Spanish |
| Pages (from-to) | 9-16 |
| Journal | Apuntes |
| Issue number | 29 |
| DOIs | |
| State | Published - Jul 1991 |
Keywords
- Democracia
- Economía
- Teoría económica