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Fifty years ago, Joseph Schumpeter published "Capitalism, Socialism, and Democracy", his classic study of the relationship between political democracy and alternative economic systems. Although Schumpeter's work continues to be widely read, many of its central conclusions have been called sharply into question by the developments of recent years.
In this book, the editors bring together distinguished scholars of international stature to address the full range of questions involved in assessing the relationship between democracy and alternative economic systems. Among these questions are: does political democracy require a market economy, and/or private property, and/or limitations on the state's economic role? What specific aspects of capitalism and socialism are especially conducive or detrimental to democracy? Is there a viable "third way" between capitalism and socialism?

Capitalism, Socialism, and Democracy Revisited is must reading for anyone who considers him- or herself a political economist, and it should also appeal to those probing the uncertainties of contemporary democratization." -- Philippe C. Schmitter, Stanford University.

An excellent collection of essays-thoughtful, provocative, illuminating. They make a book well worth reading. -- Irving Kristol, American Enterprise Institute

Larry Diamond

Larry Diamond is a senior fellow at the Hoover Institution and at the Freeman Spogli Institute for International Studies, where he directs the Center on Democracy, Development, and the Rule of Law.  Diamond also serves as the Peter E. Haas Faculty Co-Director of the Haas Center for Public Service at Stanford. He is the founding co-editor of the Journal of Democracy and also serves as Senior Consultant (and previously was co-director) at the International Forum for Democratic Studies of the National Endowment for Democracy.  

During 2002-3, he served as a consultant to the U.S. Agency for International Development (USAID) and was a contributing author of its report Foreign Aid in the National Interest. He has also advised and lectured to the World Bank, the United Nations, the State Department, and other governmental and nongovernmental agencies dealing with governance and development.

His latest book, The Spirit of Democracy: The Struggle to Build Free Societies Throughout the World (Times Books, 2008), explores the sources of global democratic progress and stress and the prospects for future democratic expansion.

Diamond has edited or co-edited some 36 books on democracy, including the recent titles How People View Democracy, How East Asians View Democracy, Latin America's Struggle for Democracy, Political Change in China: Comparisons with Taiwan, and Assessing the Quality of Democracy.  Among his other published works are, Developing Democracy: Toward Consolidation (1999), Promoting Democracy in the 1990s (1995), and Class, Ethnicity, and Democracy in Nigeria (1989). 

Marc F. Plattner

Marc F. Plattner is founding coeditor of the Journal of Democracy, vice-president for research and studies at the National Endowment for Democracy (NED), and director of the International Forum for Democratic Studies.

He served as NED's director of program from 1984 to 1989. During the 2002–2003 academic year, he was a visiting professor at the Robert Schuman Centre for Advanced Studies at the European University Institute in Florence, Italy. He has previously been a fellow at the National Humanities Center in Research Triangle Park, North Carolina (1983–84); advisor on Economic and Social Affairs at the United States Mission to the United Nations (1981–83); program officer at the Century Foundation (formerly the Twentieth Century Fund), a private foundation in New York City (1975–81); and managing editor of the Public Interest, a quarterly journal on public policy (1971–75). 

Dr. Plattner graduated summa cum laude from Yale University and received his Ph.D. in government from Cornell University, where his principal area of study was political philosophy.