David Schweickart (born 1942) is an

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mathematician and

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. He holds a BS in

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from University of Dayton, a

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in Mathematics from University of Virginia, and a PhD in

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from Ohio State University. He currently is Professor of Philosophy at Loyola University Chicago. He has taught at Loyola since 1975. He was a visiting professor of mathematics at the University of Kentucky from 1969 to 1970, and a visiting professor of philosophy at the University of New Hampshire from 1986 to 1987. He has also lectured in Spain, Cuba,

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, Italy, and the Czech Republic, as well as throughout the United States. In 1999, Schweickart was named Faculty Member of the Year at

Loyola University Chicago Loyola University Chicago (Loyola or LUC) is a private Jesuit research university in Chicago, Illinois. Founded in 1870 by the Society of Jesus, Loyola is one of the largest Catholic The Catholic Church, also known as the Roman Cathol ...

. He is an editor and contributing writer t
SolidarityEconomy.net
an online journal dedicated to economic democracy.

Economic democracy

In ''After Capitalism'' and other works, Schweickart has developed the model of market socialism he refers to as " economic democracy". In his own words, "Economic Democracy is a market economy." It embodies several key ideas: * Workplace self-management, including election of supervisors * Management of capital investment by a form of

public banking A public bank is a bank, a financial institution, in which a state, municipality, or public actors are the owners. It is an enterprise under government control.

* A market for goods,

raw material A raw material, also known as a feedstock, unprocessed material, or primary commodity, is a basic material that is used to produce goods, finished goods, energy, or intermediate materials that are feedstock for future finished products. As feedst ...

s, instruments of production, etc. * Protectionism to enforce trade equality between nations The firms and factories are owned by society and managed by the workers. These enterprises, so managed, compete in markets to sell their goods.

Profit Profit may refer to: Business and law * Profit (accounting), the difference between the purchase price and the costs of bringing to market * Profit (economics), normal profit and economic profit * Profit (real property), a nonpossessory intere ...

is shared by the workers. Each enterprise is taxed for the capital they employ, and that tax is distributed to public banks, who fund expansion of existing and new industry.

Critiques

In 2006, Schweickart wrote a detailed critique of participatory economics, called ''Nonsense on Stilts: Michael Albert's Parecon''. He claimed three fundamental features of the economic system are flawed.

Published works

* ''After Capitalism'' (Rowman and Littlefield, 2002) - * ''Market Socialism: The Debate Among Socialists'', with Bertell Ollman, Hillel Ticktin and James Lawler (Routledge, 1998) * ''Against Capitalism'' (Cambridge University Press, 1993; Spanish translation, 1997; Chinese translation, 2003) * ''Capitalism or Worker Control? An Ethical and Economic Appraisal'' (Praeger, 1980)

References

External links

Schweickart's faculty homepage
at Loyola University Chicago
The National Cooperative Grocers Association
��An organization of cooperatively owned food stores. Cooperators hold economic democracy to be a key element of their movement.
SolidarityEconomy.net
��An online journal of radical social change that features David Schweickart's works and other writings on economic democracy and leftist politics.
"After Capitalism" in Facebook
{{DEFAULTSORT:Schweikart, David American economics writers American male non-fiction writers 20th-century American mathematicians 21st-century American mathematicians American philosophers American socialists American cooperative organizers Loyola University Chicago faculty Mondragon Corporation Ohio State University Graduate School alumni People from Dayton, Ohio University of Dayton alumni University of Kentucky alumni University of Virginia alumni 1942 births Living people Socialist economists

Economic democracy

Critiques

Published works

See also

References

External links