chapter  5
32 Pages

Economic Thought, Market and Knowledge

The concept of knowledge allows one to distinguish between what is regarded as truthful in society and what opinions individuals hold. Discussion of democracy in relation to knowledge implies that one are interested not only in the process of decisions, but also in what decisions democracy makes. The history of liberalism is the history of the individual's fight against oppression, and this guardian against oppression might also apply to democracy. Republican democracy takes, in comparison with the libertarian position, a more active role in developing society, but still under consent from its citizens. Communitarian democracy has stronger elements of loyalty, solidarity and obligations than is the case with libertarian and republican democracy. One of the main characteristics of the Humean theory of democracy is to regard democracy not as a metaphysical phenomenon, nor to regard it as extra-social or extra-individual.