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Synopsis
Reisman (economics, Nanyang Technological University, Singapore), who views democracy and economics as having a collaborative relationship, evaluates theories about the two subjects by Adam Smith, Richard Titmuss, T.H. Marshall, J.K. Galbraith, and Joseph Schumpeter. The bulk of the text is devoted to Schumpeter and Marshall; the others are allocated one chapter each. Schumpeter's views on the classical doctrine and economic approach toward democracy, conditions for politics, states, and systems are analyzed. The ideas of Marshall are explored, particularly on citizenship and social thought, rights, social distance, and welfare. Reisman also considers the views of Titmuss on welfare, Smith on market and state, and Galbraith on welfare capitalism. Annotation ©2006 Book News, Inc., Portland, OR (booknews.com)
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About the Author
David Reisman, Professor of Economics, Nanyang Technological University, Singapore and Professor Emeritus of Economics, University of Surrey, UK
Review
`This is a remarkable book. The chapters on Schumpeter and Marshall alone are worth the price and effort.' -- Journal of the History of Economic Thought `This is a remarkable book. The chapters on Schumpeter and Marshall alone are worth the price and effort.' -- Charles R. McCann, Jr., Journal of the History of Economic Thought `David Reisman has taken the impressive task to examine the relationship between democracy and exchange. He assesses the theories of the two pillars of political economy of five main figures in the history of economic thought (Schumpeter, Smith, Titmuss, T.H. Marshall and Galbraith). He does so in a very profound way providing a novel interpretation of the concepts of democracy and exchange.' -- European Association for Evolutionary Political Economy `David Reisman has written over a dozen books on important figures in political economy and has brought his subjects and their ideas to life as have few other authors. Now Reisman the historian of economic thought has become Reisman the political economic theorist. He puts to good use the insights of the important figures and of their critics to produce nothing less than the identification of the elements, problems, explanatory chains of reasoning, solutions, and critiques of solutions that issue forth from the transcendent problem of modern political economy: the achievement of democracy, somehow defined, in a world of unequal achievement and power, governance as encompassing more than government, and the manufacture of belief and manipulation of sentiment, with perceptivity and subtlety. It is a book I wish I had written.' -- Warren J. Samuels, Michigan State University, US
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- PublisherEdward Elgar Publishing
- Publication date2005
- ISBN 10 184542042X
- ISBN 13 9781845420420
- BindingHardcover
- LanguageEnglish
- Number of pages368
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Democracy And Exchange: Schumpeter, Galbraith, T.h. Marshall, Titmuss And Adam Smith
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Williston, Vermont, U.S.A.: Edward Elgar Pub, 2005
ISBN 10: 184542042X
ISBN 13: 9781845420420
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Hardcover. Condition: Very Good. Dust Jacket Condition: Very Good. List price Amazon $170.00. "Democracy is the rule of the people. Exchange is supply and demand. Individualism, agreement, tolerance and choice are the underlying values that make possible the productive collaboration of the market and the state. This book assesses the theories of democracy and exchange of five interdisciplinary thinkers, who tried to unite political and economic reasoning into a single theory of moderation and pragmatic management. "Democracy and Exchange" is about the twin pillars of the consultative order. The subject is perennially topical and interesting, both in rich countries and in less-developed countries that are developing their own institutional mix. It also provides an in-depth analysis and comparison of the political economy of five seminal theorists: Adam Smith, Richard Titmuss, T.H. Marshall, J.K. Galbraith and Joseph Schumpeter. David Reisman's book will be of great interest to academics trying to understand the history of economic, political and social ideas, institutional economics, economic sociology and social policy. It is a comprehensive and novel interpretation of two related interrelated concepts, five difficult authors and some of the most pressing issues in present-day debates. " (Publisher). Seller Inventory # H1067
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Democracy and Exchange: Schumpeter, Galbraith, T.H. Marshall, Titmuss and Adam Smith
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