Democracy and Economy: An Inseparable Relationship from Ancient Times to Today

This text presents a detailed history of democracy, while also considering the modern methodological tools of economic history, institutional economics, and political, social and behavioural sciences, to explain why and how democracy was created, how it evolved and how it progresses. The book provides answers to a number of questions, such as what form of government democracy is, why it was first developed in ancient Greece, why it is that democracy—in order to flourish—requires strong and stable economic structures, and what role political and military organizations play in the shape of these elements. The volume analyses various cases studies drawn from Ancient Greece, Switzerland, England, the United Provinces, France, the USA, Germany and the EU.


Emmanouil Marios N. Economou is an economist. In 2014, he received his doctorate from the University of Thessaly, Greece, where he is currently a Research Fellow. His research focuses on institutional economics, economic history, the international political economy, defence economics, and public economics. He has written three books and 16 book chapters, and has published 28 papers in such periodicals as Journal of Institutional Economics and European Journal of Law and Economics. He has also published many articles in the Greek press on economic, political and defence issues, and has participated in many international Conferences.

Nicholas C. Kyriazis earned his doctorate in Economics from Bonn University, Germany, in 1979. He is currently Professor at the Economics Department of the University of Thessaly, Greece. He has published more than 50 papers in journals such as European Journal of Law and Economics, and Homo Oeconomicus, and more than 20 papers in edited volumes. In 2005, he was honoured with France's highest decoration, the Chevalier de la Legion d' Honneur for his contribution to European integration and work for the Economic and Monetary Union of the European Union. He frequently writes articles in the Greek press on economic and political issues.

“The tried and tested team of Professor Kyriazis and Dr Economou have struck gold again: their extraordinarily rich and varied tour d’horizon takes us from ancient Greece to the modern world, making intelligent and ambitious use throughout of the concept of ‘macroculture’ in order to bring out the necessary co-ordination between democratic institutions and strong and stable economic structures.”
Professor Paul Cartledge
Emeritus A.G. Leventis Professor of Greek Culture, University of Cambridge

“With the introduction of the concept of ‘macroculture’ and their detailed survey of the long, intertwined history of democracy and economic growth, Economou and Kyriazis have made a major contribution to the field of historical political economy. Economists, historians, political scientists, and policy-makers will be the beneficiaries of their vast erudition and thoughtful analysis.”
Dr Josiah Ober
Professor of Political Science and Classics, Stanford University

Buy This Book

ISBN: 1-5275-3404-9

ISBN13: 978-1-5275-3404-9

Release Date: 18th June 2019

Pages: 348

Price: £64.99

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