Democracy — The Hayek Debate Revised

  • G. Adler-Karlsson
Part of the Studien über Wirtschafts- und Systemvergleiche book series (STUDIEN)


Political democracy is an ancient Western ideal. It is difficult to define. Often it is negatively defined, as for instance when Winston Churchill said in 1947 that it is “the worst form of government except all those other forms that have been tried from time to time”, echoing Aristotle, who in his discussion about the three forms of rule (kingship, aristocracy, and timocracy) and their three perversions (tyranny, oligarchy, and democracy) said that “of these three perversions the least bad is democracy”.1) This is essentially also the standpoint of the present author.


Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.


  1. 1).
    The Nicomachean Ethics, Book 8, chapter 10.Google Scholar
  2. 2).
    See Science, August 29, 1975, p. 703.Google Scholar
  3. 3).
    “Restatement on Xenophon’s Hiero”, in L. Strauss, What Is Political Philosophy? and Other Studies. The Free Press, New York 1959.Google Scholar
  4. 4).
    F.A. Hayek, The Road to Serfdom. Routledge & Kegan Paul, London 1962. (First edition in 1944.).Google Scholar
  5. 5).
    M. Mihajlov, “Solzhenitsyn and Yugoslavia”. The New York Review of Books, May 30, 1974, p. 26.Google Scholar
  6. 6).
    See e.g. F.A. Hayek, editor, Collectivist Economic Planning. Routledge and Kegan Paul, 1935.Google Scholar

Copyright information

© Springer-Verlag Wien 1976

Authors and Affiliations

  • G. Adler-Karlsson

There are no affiliations available

Personalised recommendations