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Democracy

FEBRUARY 22, 2013

In its purest form, democracy is a political system in which decisions are made directly by a voting majority. Most democracies are indirect. The United States, for example, is a democratic-republic: citizens vote for representatives who then pass or reject legislation by voting amongst themselves. 

Brad Birzer - Jacksonian America and the Rise of Democratic Man

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It's been 40 years since F. A. Hayek received his Nobel Prize. His insights, particularly on the distribution of knowledge and the impossibility of economic planning, remain hugely important today. In this issue, we look back on the influence of his work. Max Borders and Craig Biddle debate whether liberty must be defended from one absolute foundation, further reflections on Scottish secession, and how technology is already changing our world for the better--including how robots, despite the unease they cause, will only accelerate this process.
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