IDEAS home Printed from https://ideas.repec.org/a/rei/ecoins/v9y2007i16p89-119.html
   My bibliography  Save this article

Los límites de la eficiencia económica en una sociedad democrática

Author

Listed:
  • Alejandro Agafonow

    (Universidad Antonio de Lebrija)

Abstract

During the 20th century, Marxism and non-egalitarian or classical liberalism debated the properties of economic reasoning, that is, the way economic institutions value multiple ends. This debate produced an implicit consensus between market socialists and non-egalitarian liberals about democracy. In this consensus, the Rousseau’s general will was replaced by the individual will, and popular sovereignty reflected in consumer sovereignty. This essay uses a Rawlsian perspective to analyze the limits of economic efficiency in a democratic society.

Suggested Citation

  • Alejandro Agafonow, 2007. "Los límites de la eficiencia económica en una sociedad democrática," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 9(16), pages 89-119, January-J.
    • Handle: RePEc:rei:ecoins:v:9:y:2007:i:16:p:89-119
    as

    Download full text from publisher

    File URL: http://www.uexternado.edu.co/facecono/ecoinstitucional/workingpapers/aagafonow16.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Vaughn, Karen I, 1980. "Economic Calculation under Socialism: The Austrian Contribution," Economic Inquiry, Western Economic Association International, vol. 18(4), pages 535-554, October.
    2. Pranab Bardhan & John E. Roemer, 1992. "Market Socialism: A Case for Rejuvenation," Journal of Economic Perspectives, American Economic Association, vol. 6(3), pages 101-116, Summer.
    3. A. P. Lerner, 1935. "Economic Theory and Socialist Economy: A Rejoinder," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 2(2), pages 152-154.
    4. Frank H. Knight, 1946. "Freedom Under Planning," Journal of Political Economy, University of Chicago Press, vol. 54(5), pages 451-451.
    5. Frank H. Knight, 1950. "Economic and Social Policy in Democratic Society," Journal of Political Economy, University of Chicago Press, vol. 58(6), pages 513-513.
    6. Dimitris Milonakis, 2003. "New market socialism: a case for rejuvenation or inspired alchemy?," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 27(1), pages 97-121, January.
    7. A. P. Lerner, 1936. "A Note on Socialist Economics," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 4(1), pages 72-76.
    8. Johansson, Sten, 2001. "Conceptualizing and Measuring Quality of Life for National Policy," Working Paper Series 171, Trade Union Institute for Economic Research.
    9. Milton Friedman & L. J. Savage, 1952. "The Expected-Utility Hypothesis and the Measurability of Utility," Journal of Political Economy, University of Chicago Press, vol. 60(6), pages 463-463.
    10. Cooter, Robert & Rappoport, Peter, 1984. "Were the Ordinalists Wrong about Welfare Economics?," Journal of Economic Literature, American Economic Association, vol. 22(2), pages 507-530, June.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Boettke, Peter J. & Candela, Rosolino A., 2023. "On the feasibility of technosocialism," Journal of Economic Behavior & Organization, Elsevier, vol. 205(C), pages 44-54.
    2. Jael, Paul, 2015. "Socialist Calculation and Market Socialism," MPRA Paper 64255, University Library of Munich, Germany.
    3. Sorin Burnete, 2008. "Pro-capitalism vs. Anti-americanism in 21st century Europe product in Romania," Review of Economic and Business Studies, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 1, pages 119-126, December.
    4. Phelan, Steven E. & Wenzel, Nikolai G., 2023. "Big Data, Quantum Computing, and the Economic Calculation Debate: Will Roasted Cyberpigeons Fly into the Mouths of Comrades?," Journal of Economic Behavior & Organization, Elsevier, vol. 206(C), pages 172-181.
    5. Jael, Paul, 2018. "Calcul socialiste et socialisme de marché [Socialist Calculation and Market Socialism]," MPRA Paper 89521, University Library of Munich, Germany.
    6. Bordo, Michael D. & Rockoff, Hugh, 2013. "The Influence Of Irving Fisher On Milton Friedman’S Monetary Economics," Journal of the History of Economic Thought, Cambridge University Press, vol. 35(2), pages 153-177, June.
    7. Klaus Jaffe, 2015. "Agent based simulations visualize Adam Smith's invisible hand by solving Friedrich Hayek's Economic Calculus," Papers 1509.04264, arXiv.org, revised Nov 2015.
    8. Pierre-Charles Pradier, 2006. "De usu artis conjectandi in jure : quid de oeconomia (politica) ?," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00274325, HAL.
    9. Pelikan, Pavel, 1999. "Institutions for the Selection of Entrepreneurs: Implications for Economic Growth and Financial Crises," Working Paper Series 510, Research Institute of Industrial Economics, revised 15 Feb 2000.
    10. Peter Zweifel & H. E. Frech, 2016. "Why ‘Optimal’ Payment for Healthcare Providers Can Never be Optimal Under Community Rating," Applied Health Economics and Health Policy, Springer, vol. 14(1), pages 9-20, February.
    11. Gabriel Leite Mota, 2022. "Unsatisfying ordinalism: The breach through which happiness (re)entered economics," Regional Science Policy & Practice, Wiley Blackwell, vol. 14(3), pages 513-528, June.
    12. Miwa, Yoshiro & Ramseyer, J Mark, 2002. "Banks and Economic Growth: Implications from Japanese History," Journal of Law and Economics, University of Chicago Press, vol. 45(1), pages 127-164, April.
    13. Elizabeth Stanton, 2007. "The Human Development Index: A History," Working Papers wp127, Political Economy Research Institute, University of Massachusetts at Amherst.
    14. Ajit Singh, 1994. "Du plan au marché : la réforme maîtrisée en Chine," Revue Tiers Monde, Programme National Persée, vol. 35(139), pages 659-684.
    15. Bonnisseau Jean-Marc & Jamin Alexandrine, 2011. "The Survival Assumption in Intertemporal Economies," The B.E. Journal of Theoretical Economics, De Gruyter, vol. 11(1), pages 1-18, June.
    16. Antoinette Baujard, 2016. "Welfare economics," Chapters, in: Gilbert Faccarello & Heinz D. Kurz (ed.), Handbook on the History of Economic Analysis Volume III, chapter 42, pages 611-624, Edward Elgar Publishing.
    17. Ivan Moscati, 2016. "Retrospectives: How Economists Came to Accept Expected Utility Theory: The Case of Samuelson and Savage," Journal of Economic Perspectives, American Economic Association, vol. 30(2), pages 219-236, Spring.
    18. David Colander, 2005. "From Muddling Through to the Economics of Control: Views of Applied Policy from J. N. Keynes to Abba Lerner," History of Political Economy, Duke University Press, vol. 37(5), pages 277-291, Supplemen.
    19. repec:sae:envval:v:21:y:2012:i:4:p:499-524 is not listed on IDEAS
    20. Dwight R. Lee, 1986. "Arms Negotiations, The Soviet Economy, And Democratically Induced Delusions," Contemporary Economic Policy, Western Economic Association International, vol. 4(4), pages 22-37, October.
    21. Ju Jinyul, 2010. "Imaginary Risk, Public Health Regulation, and WTO Trade Dispute: A Rational Choice Perspective," Asian Journal of Law and Economics, De Gruyter, vol. 1(1), pages 1-25, July.

    More about this item

    Keywords

    economic efficiency; democracy; Rawls;
    All these keywords.

    JEL classification:

    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
    • P20 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - General
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rei:ecoins:v:9:y:2007:i:16:p:89-119. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Paola Rodríguez (email available below). General contact details of provider: https://edirc.repec.org/data/feextco.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.