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Article
Republicanism and the political economy of democracy
European Journal of Social Theory (2016)
  • David Casassas, University of Barcelona
  • Jurgen De Wispelaere, McGill University
Abstract
Europe is experiencing rapidly accelerating poverty and social exclusion, following half a decade of financial crisis and austerity politics. The key problem behind Europe’s malaise, in our view, is the economic disenfranchisement of large parts of its population in the winner-takes-all-society. This article proposes that we examine the contribution of republican political theory as a distinctive approach that provides us with the conceptual and normative resources to reclaim what we call the political economy of democracy, the constellation of political and economic institutions aimed at promoting broad eco- nomic sovereignty and individuals’ capacities to govern their own lives. This article identifies three key ideas that together constitute a distinctively republican approach to political economy: (1) establish an economic floor; (2) impose an economic ceiling to counter excess economic inequality; and (3) democratize the governance and regulation of the main economic institutions.
Keywords
  • Critical Theory,
  • Social Theory,
  • Republicanism,
  • Basic Income,
  • Economic Democracy,
  • Economic Crisis
Publication Date
May, 2016
DOI
10.1177/1368431015600026
Citation Information
David Casassas and Jurgen De Wispelaere. "Republicanism and the political economy of democracy" European Journal of Social Theory Vol. 19 Iss. 2 (2016) p. 283 - 300
Available at: http://works.bepress.com/dewispelaere/49/