The Spirit of Democratic Capitalism

The Spirit of Democratic Capitalism

By Michael Novak

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In this book, Novak aims to understand and analyze the theological assumptions of democratic capitalism, its spirit, it values, and its intentions.

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Details

In this book, Novak aims to understand and analyze the theological assumptions of democratic capitalism, its spirit, it values, and its intentions.

Novak defines democratic capitalism as a pluralistic social system that contrasts with the unitary state of the traditional society and the modern socialist state. He analyzes it as a differentiation of society into three power centers: a political sector, an economic sector, and a moral-cultural sector. Each sector needs the others. Democracy needs the market economy and both need a pluralistic liberal culture.

Against the continuing growth of democratic capitalism, modern socialism has contracted from a robust utopian program into vague “idealism about equality” and overwrought criticism of capitalism, most notably in the “liberation theology” of Latin America.

Additional Information

ISBN 0819178233 , 978-0819178237
Page Count 433
Publisher Simon & Schuster
Year Published 1982
Book Excerpt N/A
SKU 1263

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