Political Theory

Liberty, Capitalism, and Democracy


This colloquium, conducted in Portuguese, aimed to address the implications of capitalism and democracy for individual freedom. Exploring the themes of the relation between democracy and capitalism is especially pertinent in Latin America today, when the value of these concepts has been challenged with regained vigor.


From Liberty Fund

The Federalist

by By Alexander Hamilton, John Jay, and James Madison
Edited by George W. Carey and James McClellan

The Federalist, by Alexander Hamilton, James Madison, and John Jay, constitutes a text central to the American political tradition. Written and published in newspapers in 1787 and 1788 to explain and promote ratification of the proposed Constitution for the United States, which were then bound by the Articles of Confederation,…

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Additional Readings

Friedman, Milton. Capitalism and Freedom. Chicago: University of Chicago Press, 1962, 2002.

Hayek, F. A. The Constitution of Liberty. Chicago: University of Chicago Press, 1978.

Holmes, Stephen, “Precommitment and the Paradox of Democracy” In Constitutionalism and Democracy, edited by John Elster and Rune Slagstad, 195-240. Cambridge: University Press, 1997.

Lijphart, Arend. Democracies: Patterns of Majoritarian and Consensus Government in Twenty-One Countries. New Haven: Yale University Press, 1984.

Mises, Ludwig von. Liberalism: The Classical Tradition. Edited by Bettina Bien Greaves. Indianapolis: Liberty Fund, Inc., 2005.

Usher, Dan. The Economic Prerequisite to Democracy. New York: University of Columbia Press, 1981.