Economic democracy

Economic democracy (sometimes called a democratic economy ) is a socioeconomic philosophy that proposes to shift ownership and decision-making power from corporate shareholders and corporate managers (such as a board of directors) to a larger group of public stakeholders that includes workers, consumers, suppliers, communities and the broader public.

Version

v1 · 2026-09-28 · History

Domain-specific #

9140

Domain group

Social Sciences

Origin domain

Political Science

Subdomains

Political Economy, Democratic Theory → Political Science

Core Idea

Economic democracy is treated here as the recurring socialscienceshumanitiesarts identity summarized by this source-grounded definition: Economic democracy (sometimes called a democratic economy ) is a socioeconomic philosophy that proposes to shift ownership and decision-making power from corporate shareholders and corporate managers (such as a board of directors) to a larger group of public stakeholders that includes workers, consumers, suppliers, communities and the broader public. Economic democracy (sometimes called a democratic economy ) is a socioeconomic philosophy that proposes to shift ownership and decision-making power from corporate shareholders and corporate managers (such as a board of directors) to.

Scope of Application

• Worker cooperatives. To make a reliable difference to company performance, share-ownership has to be combined with more participative management methods." Dahl further argued that self-governing enterprises should not be confused with other systems.

• Deficiency of effective demand. Supply and demand are generally accepted as market functions for establishing prices.

• Deficiency of effective demand. In chapter 3 of his book, "Community Organizing: Theory and Practice", Douglas P.

• Savings, investment and unemployment. In this view, unemployment is not an aberration, indicating any sort of systemic malfunction.

• Monopoly power versus purchasing power. While he considers these functions a public wrong, Kellogg also asserted the responsibility of the public to find and implement a remedy.

Clarity

A clear use of Economic democracy names the carrier, the operative relation, and the conditions under which the source treats the identity as present. The minimal definition is Economic democracy (sometimes called a democratic economy ) is a socioeconomic philosophy that proposes to shift ownership and decision-making power from corporate shareholders and corporate managers (such as a board of directors) to a larger group of public stakeholders that includes workers, consumers.

Manages Complexity

Economic democracy compresses multiple socialscienceshumanitiesarts details into a stable diagnostic relation. The source shows both the central mechanism—financial capital should be the total savings of all citizens, balanced by primary-created money to fill any shortfall, or its destruction through increased reserve requirements to eliminate any surplus.—and the practical consequence—wolff argues that Mondragon is an example of "a stunningly successful alternative to the capitalist organization of production." The.

Abstract Reasoning

1. Type the carrier. Identify the socialscienceshumanitiesarts entities to which the claim applies.
2. State the relation. Use the source-grounded identity: Economic democracy (sometimes called a democratic economy ) is a socioeconomic philosophy that proposes to shift ownership and decision-making power from corporate shareholders and corporate managers (such as a board of directors) to a larger group of public stakeholders that includes workers, consumers, suppliers, communities and the broader public.
3. Check operation and conditions.

Knowledge Transfer

Within the home domain. Knowledge about Economic democracy transfers literally when a new case preserves the same carrier type, relation, and recognition test. To make a reliable difference to company performance, share-ownership has to be combined with more participative management methods." Dahl further argued that self-governing enterprises should not be confused with other systems they might resemble. Supply and demand are generally accepted as market functions for establishing prices. Beyond the home domain. No canonical parent is asserted for Economic democracy.

Neighborhood in Abstraction Space

Economic democracy sits in a moderately populated region (43^rd percentile for distinctiveness): it has near-neighbors but no dense thicket of look-alikes.

Family — Classical & Trade Economic Theory (20 abstractions)

Nearest neighbors

• Household production function — 0.88
• Wicksell's theory of capital — 0.88
• Wealth maximization — 0.88
• Saving (economics) — 0.87
• Abstract economy — 0.87

Computed from structural-signature embeddings · 2026-10-08