Why Free Markets Are Not Enough

Issue Date July 1992
Volume 3
Issue 3
Page Numbers 82-89
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Further Reading

Volume 11, Issue 1

Democracy’s Triumph, Philosophy’s Peril

Volume 7, Issue 1

On Modern Individualism

Volume 31, Issue 1

Democracy’s Inevitable Elites

Robert Michels’s classic work on the “iron law of oligarchy” can help us to understand why there is so much dissatisfaction with representative democracy.