The Epistemology of Democracy and the Market
Rejoinder to Elliott
Bibliographic Data
| ID | 6251963 |
|---|---|
| Authors | Samuel Decanio (0000-0002-4722-9326, The King's College, corresponding author) |
| Year | 2024 |
| Volume | 36 |
| Issue | 1-2 |
| Pages | 183-197 |
| Publication date | 2024-04-02 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Critical Review (JOURNAL) |
| Journal identifiers | ISSN: 0891-3811 • E-ISSN: 1933-8007 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/08913811.2024.2363028 |
| OpenAlex | W4399580824 |
| Language | EN |
| Citations received | 3 |
| References cited | 22 |
Epistemic democratic theory often focuses on defending democracy from various forms of elitism, such as epistocracy. However, democracy’s informational properties may also be compared with those of the market, and not other forms of political decision-making. While Kevin Elliott’s critique of the market’s epistemic properties is a welcome contribution that broadens the range of comparisons epistemic democratic theory engages with, Elliott mischaracterizes arguments made by market theorists, overlooks their justifications for employing unrealistic assumptions, and ignores instances where they agree with his critiques and arguments. This paper examines arguments regarding the epistemology of democracy and the market, and discusses the comparative knowledge requirements each competitive system requires of its participants within the wider context of epistemic democratic theory
Democracy · Economics · Epistemology · Mathematical economics · Political science · Electoral Systems and Political Participation · Law · Philosophy · Political Influence and Corporate Strategies · Social Policy and Reform Studies
Beyond Fairness and Deliberation
Estimating causal effects of treatments in randomized and nonrandomized studies.
Statistics and Causal Inference
An economic theory of democracy
Efficiency, Legitimacy, and the Administrative State
An Epistemic Conception of Democracy
Against Democracy
Power without Knowledge
The choice of efficiencies and the necessity of politics
State Autonomy and American Political Development
Populism, Paranoia, and the Politics of Free Silver
Uncertainty, Evolution, and Economic Theory
Public ignorance and democratic theory
Knowledge and Communication in Democratic Politics
Voter ignorance and the democratic ideal
Democracy and the Epistemic Limits of Markets
Epistemic Democracy and Its Challenges
Democracy's Pin Factory
Democracy, the Market, and the Logic of Social Choice
| Unique citing works | 3 |
|---|---|
| Citations per year | 3 |
| Citation span | 2025 - 2025 (1) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 3 |