Dr. Fabrice Lehoucq

• Associate Professor, 2011
• Professor, 2014

Democracy and the Market
by Adam Przeworski

Przeworski's book, published in the immediate aftermath of the fall of communism, is a classic work of political science. It interprets events of world historical significance, and uses the toolkit of the political economist to explain democratization and economic reform in Eastern Europe and Latin America. In less than 200 pages of lucid prose, Przeworski identifies uncertainty as the central feature of democracy and analyzes why reformers have such a hard time convincing regime hardliners to democratize. He also explains why social democracy is the most just political economic system and why successful market reforms require the support of labor unions.