Capitalism, Democracy, and Ralph's Pretty Good Grocery by John E. Mueller
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Capitalism, Democracy, and Ralph's Pretty Good Grocery
By John E. Mueller

Capitalism, Democracy, and Ralph's Pretty Good Grocery

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Format: Paperback

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Capitalism, Democracy, and Ralph's Pretty Good Grocery by John E. Mueller

Book Description

Democracy is overrated. Capitalism, on the other hand, doesn't get enough credit. In this provocative and engaging book, John Mueller argues that these mismatches between image and reality create significant political and economic problems--inspiring instability, inefficiency, and widespread cynicism. We would be far better off, he writes, if we recognized that neither system is ideal or disastrous and accepted instead the humdrum truth that both are "pretty good." And, to Mueller, that means good enough. He declares that what is true of Garrison Keillor's fictional store "Ralph's Pretty Good Grocery" is also true of democracy and capitalism: if you can't get what you want there, "you can probably get along without it." Mueller begins by noting that capitalism is commonly thought to celebrate greed and to require discourtesy, deceit, and callousness. However, with examples that range from car dealerships and corporate boardrooms to the shop of an eighteenth-century silk merchant, Mueller shows that capitalism in fact tends to reward behavior that is honest, fair, civil, and compassionate. He argues that this gap between image and reality hampers economic development by encouraging people to behave dishonestly, unfairly, and discourteously to try to get ahead and to neglect the virtuous behavior that is an important source of efficiency and gain. The problem with democracy's image, by contrast, is that our expectations are too high. We are too often led by theorists, reformers, and romantics to believe that democracy should consist of egalitarianism and avid civic participation. In fact, democracy will always be chaotic, unequal, and marked by apathy. It offers reasonable freedom and security, but not political paradise. To idealize democracy, Mueller writes, is to undermine it, since the inevitable contrast with reality creates public cynicism and can hamper democracy's growth and development. Mueller presents these arguments with sophistication, wit, and erudition. He combines mastery of current political and economic literature with references to figures ranging from Plato to P. T. Barnum, from Immanuel Kant to Ronald Reagan, from Shakespeare to Frank Capra. Broad in scope and rich in detail, the book will provoke debate among economists, political scientists, and anyone interested in the problems (or non-problems) of modern democracy and capitalism.

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Book Details

ISBN: 9780691090825
ISBN-10: 0691090823
Format: Paperback
(229mm x 152mm x 18mm)
Pages: 352
Imprint: Princeton University Press
Publisher: Princeton University Press
Publish Date: 30-Jul-2001
Country of Publication: United States

Books By Author John E. Mueller

War and Ideas by John E. Mueller War and Ideas, Paperback (May 2011)

"This book collects the key essays, together with updating notes and commentary, of Professor John Mueller on war and the role of ideas and opinions"-- Provided by publisher.

Remnants of War by John E. Mueller Remnants of War, Paperback (April 2007)

Mueller argues that war is an idea, like dueling or slavery, that has been substantially discredited, reduced to its remnants-or dregs-and thugs are the residual combatants.

» View all books by John E. Mueller

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