Capitalism and democracy at a crossroads: the civilizational dimension
This paper evaluates Schumpeter’s grand vision as reflected in his Capitalism, Socialism and Democracy, and elaborates it in conjunction with the so-called “globalization” trends characteristic of the wake of the twenty-first century. In addition to the e
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Dennis C. Mueller . U we Cantner Editors
Capitalism and Democracy in the 21 st Century Proceedings of the International Joseph A. Schumpeter Society Conference, Vienna 1998 "Capitalism and Socialism in the 21 st Century"
With 42 Figures and 33 Tables
Springer-Verlag Berlin Heidelberg GmbH
Prof. Dr. Dennis C. Mueller Universitat Wien Institut fUr Wirtschaftswissenschaften Briinner StraBe 72 1240 Wien Austria Prof. Dr. Uwe Cantner Friedrich-Schiller-U ni versitat Jena Wirtschaftswissenschaftliche FakulHit Lehrstuhl fUr VWLlMikrookonomik Carl-Zeiss-Platz 3 07743 Jena Germany
First published in "Evolutionary Economics", Vol. 10, No. 1-2 and 3, 2000.
ISBN 978-3-7908-2480-3 Library of Congress Cataloging-in-Publication Data Die Deutsche Bibliothek - CIP-Einheitsaufnahme Capitalism and Democracy in the 21st Century: Proceedings of the International Joseph A. Schurnpeter Society Conference, Vienna 1998 "Capitalism and Socialism in the 21 st Century"; with 33 Tables 1 Dennis C. Mueller; Uwe Cantner, ed. ISBN 978-3-7908-2480-3 ISBN 978-3-662-11287-8 (eBook) DOI 10.1007/978-3-662-11287-8 This work is subject to copyright. All rights are reserved, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilm or in any other way, and storage in data banks. Duplication of this publication or parts thereof is permitted only under the provisions of the German Copyright Law of September 9, 1965, in its current version, and permission for use must always be obtained from Springer-Verlag Berlin Heidelberg GmbH. Violations are liable for prosecution under the German Copy- right Law. © Springer-Verlag Berlin Heidelberg 200 I Originally published by Physica-Verlag Heidelberg New York in 2001
The use of general descriptive names, registered names, trademarks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. Cover design: Erich Kirchner, Heidelberg SPIN 10784630
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Contents Editorial .........................................
1
Bernholz P Democracy and capitalism: Are they compatible in the long-run? ....................
9
Audretsch DB, Thurik AR Capitalism and democracy in the 21st century: from the managed to the entrepreneurial economy ..........
23
Mair D, Laramie AJ Capitalism and democracy in the 21 st century: a Kaleckian interpretation of a Schumpeterian problem . . . . . . .
41
Ozveren E Capitalism and democracy at a crossroads: the civilizational dimension ...........................
55
Presidential address Mueller DC Capitalism, democracy and rational individual behaviour
73
Capitalism and globalization Kingston W A spectre in haunting the world the spectre of global capitalism . . . . . . . . . . . . . . . . . . . . . . . . .
89
Silva MLF, Pinto de Andrade J, Torrance TS Reflections on the
