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|
|Spring 2019||Restructuring the House of Representatives:A Proposal for Constitutional Reform|
|Fall 2018||Gordon Tullock on Inequality and Redistribution|
|Fall 2018||The Coase Theorem, Applied to Markets and Government|
|[View All (17)]|