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Would Economic Democracy Decrease the Amount of Public Bads?
John E. Roemer
The Scandinavian Journal of Economics
Vol. 95, No. 2 (Jun., 1993), pp. 227-238
Stable URL: http://www.jstor.org/stable/3440408
Page Count: 12
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The general argument of those who believe that economic democracy decreases the amount of public bads is that, with economic democracy, "the people" would make decisions, rather than a small class of capitalists. An attempt is made to evaluate and analyze this argument. Several possibilities emerge, and the situation is found to be more subtle than implied by this popular argument.
The Scandinavian Journal of Economics © 1993 The Scandinavian Journal of Economics