Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/324930 
Autor:innen: 
Erscheinungsjahr: 
2023
Quellenangabe: 
[Journal:] Journal of Contextual Economics – Schmollers Jahrbuch [ISSN:] 2568-762X [Volume:] 143 [Issue:] 1/4 [Year:] 2023 [Pages:] 157-172
Verlag: 
Duncker & Humblot, Berlin
Zusammenfassung: 
How can we better understand the relationship between capitalism and democracy today? This article challenges the prevailing "independence thesis" that views capitalism and democracy as separate and often antagonistic systems. By revisiting Adam Smith's integrationist approach to political economy, I argue for a more nuanced understanding of the symbiotic relationship between political and economic orders. The article critically examines common responses to the independence thesis - insulation and implementation strategies - and proposes an alternative framework based on Smith's integrated political economy. This Smithian perspective not only offers a more accurate description of the interdependence between capitalism and democracy but also provides a robust foundation for addressing contemporary challenges in political economy.
Schlagwörter: 
Capitalism
Democracy
Adam Smith
Liberalism
Political Economy
JEL: 
B12
K10
P10
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