Liberty and Democracy as Economic Systems
By Randall G. Holcombe
When liberty and democracy are recognized as both economic and political systems, it becomes clear that at some level they conflict. If majority rule can threaten private-property rights, then there is no basis for holding that liberty and democracy can peacefully coexist for the rest of history.
|Other Independent Review articles by Randall G. Holcombe|
|Summer 2021||Populism:Promises and Problems|
|Summer 2021||A Declaration and Constitution for a Free Society:Making the Declaration of Independence and U.S. Constitution Fully Consistent with the Protection of Individual Rights|
|Spring 2021||The Complex Relationship between Democracy and Freedom|
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