George offers a direct and powerful challenge to the fatal shortcomings of virtually all currently dominant economic paradigms, including those of capitalism, socialism, communism, and so-called mixed economies. The alternative socioeconomic democracy, and advanced theoretical model in which there is some form of universal guaranteed income as well as a limit to maximum allowable personal wealth, combined with a realistic degree of human flexibility based on public choice theory.
Arguing that such a procedure would allow a society to democratically control the extreme limits of material wealth and poverty, the author forecasts that such a system will create strong economic incentives while reducing the present undesirable and expensive social problems associated with the maldistribution of wealth. This innovative book will be of interest to scholars and others interested in exploring ways to strengthen democracy while improving economic systems around the world.
About the Author
ROBLEY E.GEORGE is the founder and Director of the Center for the Study of Democratic Societies, and is the author of numerous articles and several books.
Table of Contents
Socioeconomic Democracy: The Theoretical Model
Universal Guaranteed Personal Income
Maximum Allowable Personal Wealth
Socioeconomic Democracy and Islam
Incentive and Self-Interest
Financial Benefits and Costs
Physical Realizability, Feasibility and Implementation
Appendix - Exercises for the Interested