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ASSESSMENT OF JOSEPH SCHUMPETER'S IDEA OF DEMOCRACY
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Author(s):
ISHTA VOHRA
Vol - 5, Issue- 6 ,
Page(s) : 327 - 337
(2014 )
DOI : https://doi.org/10.32804/CASIRJ
Abstract
Joseph Schumpeter is evoked during studies of democratic theories for the remarkable relevance his expositions have borne in furthering the understanding of the concept. Though his writings on democracy were confined to four chapters in the book Capitalism, Socialism and Democracy, and he took up discussion on democracy only to make connections with the larger theme of his book, his ideas on democracy hold three crucial aspects that make it significant.
First, he provides a lethal critique of the classical model of democracy (which he constantly refers to as a doctrine) before embarking on his competitive theory of democracy. This critique becomes important because it marks a big moment in the discourse on democracy, whereby long held theories are questioned and rebuffed. What becomes epical is that he strips democracy of its moral and ethical dimensions, and rejects the liberty/equality argument associated with it historically. Schumpeter also provides an alternative to studying democracy, as that of competition for leadership.
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