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Reversal of Opinion: The Implications of the Work of Acemoglu and Robinson for Marxist Thought

AuthorsPetith, Howard
KeywordsMarx, Karl
Participatory democracy
Issue Date1-Aug-2008
SeriesUFAE and IAE Working Papers ; 754.08
AbstractThis paper describes the implications for Marxist thought of the work of Daron Acemoglu and James Robinson. In the first two periods of this they explained how the rise of democracy brought prosperity to Europe and why the same process had not worked in Latin America because of the possibility of coups. The implication is that mass poverty can better be alleviated by safeguarding democracy rather than moving to socialism. In the last period A and R have formalized doubts about the efficacy of democracy in this role. The implication here is that Marxists should work to find a system of government that is immune to elite dominance. Hugo Chávez is taken as an example.
DescriptionThis paper is a much revised version of a paper that was presented at El Primer Coloquio Internacional de Economía Política y Pensamiento Económico, Cuba 2005, Rethinking Marxism 2006, Amherst Mass, Congres Marx International V, Paris 2007 and The Institutional and Social Dynamics of Growth and Distribution, Pisa 2007.
29 pages.
Publisher version (URL)http://pareto.uab.es/wp/2008/75408.pdf
Appears in Collections:(IAE) Informes y documentos de trabajo
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