Democracy, the State and the Market: Irreconcilability or Equilibration between Institutions?
This volume discusses the history of the formation of the ideas of freedom, and different approaches to economic liberalism and their consequences on policy decisions and democracy. It then moves on to look at the relationship between democracy (meant as the collective legislator), the State (as the leading player in welfare and international relations), and the global market (as a hidden and dematerialized, neo-sovereign law-maker). It shows that it is a mistake to accept the hypothesis of the irreconcilability of these institutions by strengthening only one of them, the market, to the detriment of the two others. The book argues that the irreconcilability is the result of man’s choices, and proposes an agreement of cultural and economic cooperation aimed at spreading instruction, well-being and peace for all.
Paolo Savona is Chairman of the Italian Companies and Stock Exchange Commission (CONSOB), Minister for European Affairs in the Conte Government and Emeritus Professor of Political Economy at LUISS Guido Carli University, Italy. He began his career at the Research Department of the Bank of Italy, and undertook special studies at the Massachusetts Institute of Technology under the tutorship of Charles P. Kindleberger and Franco Modigliani. He has served as Italy's Minister of Industry, Commerce and Handicraft in the Ciampi Government, Secretary General for Economic Planning at the Ministry of the Budget, Chief of the European Policy Department of the Italian Prime Minister’s Office, and as Chairman of the Italian Guarantee Scheme (twice). He has also authored many publications on monetary and financial matters, and on economic dualisms.
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