Schumpeter on Democracy: The Economic Approach

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Chapter 3 in Democracy and Exchange, 2005 from Edward Elgar Publishing

Abstract: Democracy is the rule of the people. Exchange is supply and demand. Individualism, agreement, tolerance and choice are the underlying values that make possible the productive collaboration of the market and the state. This book assesses the theories of democracy and exchange of five interdisciplinary thinkers who tried to unite political and economic reasoning into a single theory of moderation and pragmatic management.

Keywords: Economics and Finance; Social Policy and Sociology (search for similar items in EconPapers)
Date: 2005
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