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Capitalism, development, and democracy

Author

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  • Adam Przeworski

Abstract

Capitalism is a necessary but not a sufficient condition for democracy. This relation is historically contingent. It is true that democracy tends to prevail in the most developed capitalist countries. But this is not because capitalist development breeds democracy. The reason is that once democracy is present in wealthy societies, everyone has too much at stake to risk a struggle for dictatorship. JEL Classification: O1; P1; P16.

Suggested Citation

  • Adam Przeworski, 2004. "Capitalism, development, and democracy," Brazilian Journal of Political Economy, Center of Political Economy, vol. 24(4), pages 487-500.
    • Handle: RePEc:ekm:repojs:v:24:y:2004:i:4:p:487-500:id:760
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    File URL: https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/760/2072
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    Citations

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    Cited by:

    1. Chittawan Chanagul, 2009. "Democracy and Economic Development," Vienna Economics Papers vie0911, University of Vienna, Department of Economics.
    2. Branko Milanovic, 2005. "The Modern World: The effect of democracy, colonialism and war on economic growth 1820-2000," Development and Comp Systems 0509002, University Library of Munich, Germany.
    3. Chittawan Chanagul, 2009. "Democracy and Economic Development," Vienna Economics Papers 0911, University of Vienna, Department of Economics.

    More about this item

    Keywords

    Capitalism; democracy; historical conditions; economic development;
    All these keywords.

    JEL classification:

    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • P1 - Political Economy and Comparative Economic Systems - - Capitalist Economies
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State

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