Economics Dictionary of Arguments

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Democracy: Democracy is a system of government in which the people have the power to choose their leaders and make decisions about how they are governed. It is based on the principles of equality, freedom, and participation.
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Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments.

 
Author Concept Summary/Quotes Sources

Wendy Brown on Democracy - Dictionary of Arguments

Mause I 74f
Democracy/Brown: The high regard for the steering power of the market and the widespread rejection of political control and redistribution in neoliberalism is contrary to basic democratic values, above all to the equality of all citizens. Moreover, it is the signum of the political that no clear "right" or "wrong" exists, and for this very reason democracy as a medium of self-reflection and self-direction of citizens with the aim of mediating and balancing between various equal interests, perspectives and values becomes normatively a priority. (1)
Problem: the institutions and procedures of liberal democracy have not been implemented with a view to economic efficiency criteria. (2)
Democracy: has an intrinsic value and democratic institutions and processes allow citizens to live under their own laws. The value of democratic self-determination cannot be paid out in the coin of efficiency.
>Institutions.

1. Cf. W.Brown, Neoliberalism and the end of liberal democracy. Edgework. Critical Essays on Knowledge and Politics, Princeton 2005.
2. Ibid. p. 46.


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Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments
The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition.

PolBrown I
Wendy Brown
American Nightmare:Neoliberalism, neoconservativism, and de-democratization 2006

Mause I
Karsten Mause
Christian Müller
Klaus Schubert,
Politik und Wirtschaft: Ein integratives Kompendium Wiesbaden 2018


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