Democracy as a spontaneous order

Abstract

Liberal democracy, science, and the market constitute Western modernity's finest flowers. Each has transformed the world, and together they created a decisive break with all preceding societies. Today even cultures with no understanding of the principles underlying these institutions rhetorically appropriate their names. Governments almost everywhere claim to be democratic, or at best provide long-winded excuses as to why they are not (yet). Countries worldwide attempt to incorporate science into their cultures. With the failure of socialism now admitted by all but the most devout believers, the market (or at least market rhetoric) is triumphant intellectually and politically.

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