La importancia de la democracia para los economistas

Translated title of the contribution: The importance of democracy for economists

Jorge Fernández-Baca

Research output: Contribution to journalArticle in a journalpeer-review


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 contributionThe importance of democracy for economists
Original languageSpanish
Pages (from-to)9-16
Issue number29
StatePublished - Jul 1991


  • Democracia
  • Economía
  • Teoría económica


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