Markets in the Light of Political-Economic Actors and Democracy.Reconsidering Conceptual Framework for Sustainability Politics

Peter SAderbaum

Markets in the Light of Political-Economic Actors and Democracy.Reconsidering Conceptual Framework for Sustainability Politics

Peter Söderbaum §

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§ MAlardalen university, VAsterAs, Sweden

Markets in the Light of Political-Economic Actors and Democracy.Reconsidering Conceptual Framework for Sustainability Politics

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Abstract

The conceptual framework of neoclassical economics has been quite stable over the years while present challenges point in the direction of a need for new thinking and a new conceptual framework. Neoclassical economics is more or less blind to equality issues and not enough to deal constructively with present unsustainable trends. I will suggest important elements of such a new conceptual framework as part of a pluralistic understanding of economics. When compared with neoclassical economics, the political dimension is emphasized thus making democracy a fundamental principle for relationships in markets and in society at large. A political economics is suggested where individuals are understood as political economic persons and organizations as political economic organizations. This leads to a different understanding of markets from that of neoclassical supply and demand. The ethics and responsibilities of market actors in a democratic society is considered relevant and something to be investigated for purposes of sustainability politics. Approaches to decision- making are also discussed. Emphasis on democracy suggests a different approach from that of neoclassical Cost- Benefit analysis (CBA).

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

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Not applicable for this article.

How to Cite This Article

Peter Söderbaum. 2014. "Markets in the Light of Political-Economic Actors and Democracy.Reconsidering Conceptual Framework for Sustainability Politics". Global Journal of Human-Social Science - F: Political Science GJHSS-F Volume 14 (GJHSS Volume 14 Issue 18 (F2)).

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GJHSS Volume 14 Issue 18 (F2)

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Journal Specifications

Crossref Journal DOI 10.17406/GJHSS

Print ISSN 0975-587X

e-ISSN 2249-460X

Keywords

ideological orientation market models mission political economic organization political economic person political economy positional analysis (PA)sustainability politics

Classification

GJHSS-F Classification FOR Code: 349901

Submission ReceivedDecember 15, 2013
Peer Review Double Blind
Handling Editor
Accepted January 4, 2014
Published April 14, 2014

Version of record

v1.2

Issue date

April 14, 2014

Language

English

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Article Matrices

Total Score: 101

Country: Sweden

Subject: Global Journal of Human-Social Science - F: Political Science

Authors: Peter SAderbaum (PhD/Dr. count: 0)

View Count (all-time): 390

Total Views (Real + Logic): 1479

Total Downloads (simulated): 67

Publish Date: 2014 04, Mon

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Total Views: 1.5K

Total Downloads: 67

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