Polity Atlas
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Capitalism, Socialism and Democracy

Joseph A. Schumpeter · Harper & Brothers · 1942

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Type
Book
Author
Joseph A. Schumpeter
Accessed
2026-09-01
Reliability notes
Checked in the second edition (Harper & Brothers, 1947) digitised by the Digital Library of India: ch. 21 'The Classical Doctrine of Democracy'; ch. 22 'Another Theory of Democracy', definition on p. 269. Open Library work OL1295326W.

Claims citing this source

2 claims
TheoryGaetano Mosca held that in all societies there are two classes, a minority that rules and a majority that is ruled, and that the ruling minority prevails because it is organised and justifies itself through a political formula.EstablishedIn Capitalism, Socialism and Democracy Schumpeter rejected the 'classical doctrine' of democracy and defined the democratic method as 'that institutional arrangement for arriving at political decisions in which individuals acquire the power to decide by means of a competitive struggle for the people's vote'.