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Mises democracy dictatorship equivalence …

Mises democracy dictatorship equivalence theorem:A critiqueBryan CaplanPublished online: 14 November 2007#Springer Science + Business Media, LLC 2007 AbstractLudwig von Mises argues that public opinion, not the form of government, is theultimate determinant of policy. The implication is that, holding public opinion constant,democracies and dictatorships will have the same policies a result I call Mises democracy dictatorship equivalence Theorem. According to Mises , dictators have tocomply with public opinion or else they will be overthrown. I argue that he seriouslyoverestimates the power of revolution to discipline dictators. Mises was perceptive to notethat, in practice, dictatorially imposed policies are often democratically sustainable, buthe neglected several mechanisms all more plausible than the threat of revolution capable of explaining this IntroductionLudwig von Mises vigorously defends democracy on utilitarian grounds.

Mises’ democracydictatorship equivalence theorem: A critique Bryan Caplan Published online: 14 November 2007 # Springer Science + Business Media, LLC 2007 Abstract Ludwig von Mises argues that public opinion, not the form of government, is the

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