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Democracy and Exchange : Schumpeter, Galbraith, T. H. Marshall, Titmuss and Adam Smith

By: David Reisman

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Hardcover | 1 January 2005

At a Glance

Hardcover
368 Pages

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23.4 x 15.6 x 2.54

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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.

Industry Reviews

'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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You Can Find This Book In

Non-Fiction Politics & Government Political Structure & Processes Political Structures & Democracy Economics Economic Systems & Structures Political Economy Economic Theory & Philosophy

Introduction : democracy and exchange	p. 1
Schumpeter on democracy : the classical doctrine	p. 17
Schumpeter on democracy : the economic approach	p. 53
Schumpeter : the preconditions for politics	p. 74
Schumpeter : states and systems	p. 99
Galbraith : ideas and events	p. 129
T. H. Marshall : citizenship and social thought	p. 155
T. H. Marshall : citizenship and social rights	p. 172
T. H. Marshall : citizenship and social distance	p. 203
T. H. Marshall : welfare on the middle ground	p. 227
Titmuss : welfare as good conduct	p. 268
Conclusion : Adam Smith on market and state	p. 295
Table of Contents provided by Blackwell. All Rights Reserved.

Democracy and Exchange : Schumpeter, Galbraith, T. H. Marshall, Titmuss and Adam Smith

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