Creative Crisis in Democracy and Economy by George C. Bitros,Anastasios D Karayiannis

By George C. Bitros,Anastasios D Karayiannis

advancements around the millennia recommend that, although democracies and loose marketplace economies are continually challenged by means of crises and disturbances, akin to average mess ups, wars, or technological revolutions, within the international locations the place they take roots civil liberties deepen and in line with capita prosperity raises. to confirm this declare analytically, the authors emphasize the foundations that make unfastened markets a sine qua non for democracy and research the character of the connection among unfastened industry associations and fiscal development. by means of studying the working ideas, results and demanding situations skilled by means of modern democracies, many classes are drawn in regards to how governments may still act with a view to stay away from the pitfalls inherently linked to consultant democracy. to demonstrate the risks of deviating from those ideas, the authors follow their findings to the Greek democracy and economic system because the moment global War.

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