ABSTRACT

We now turn our attention to what we believe constitutes the basis of a just democratic political economy and the foundations for an economic bill of rights as outlined by FDR. We argue that the democratic economic formulations for an economic bill of rights are, for the most part, grounded in the theoretical works of Owen, Ricardo, and Marx. Nevertheless, other theoretical sources are significant in this investigation, such as Gar Alperovitz’s assessment of John Locke’s labor theory of property and Alperovitz’s notion of the knowledge economy. We address Alperovitz’s democratic-economy model later in this book. For now, we turn to Robert Owen’s theory of a democratic economy.