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Democracy is widely accepted today, perhaps as never before, as the most suitable form of government. But what is democracy, and does it always produce good government? Democracy is often associated with the existence of competitive elections. But theory and experience suggest that these are not sufficient for democracy to function reasonably well. In this book, which was originally published in 2003, a number of experts from North America and Europe use a rational choice approach to understand the 'foundations' of democracy - what makes democracy successful, and why. In doing so, they consider diverse problems of democratic governance such as the importance of morals or virtue in political life, negative advertising, the role of social capital and civil society in sustaining democracy, the constitutional and cultural prerequisites of democracy, and the interaction of democracy and markets

The traditional school of economic policy analysis predicts that globalisation will give rise to predatory competition between the governments of the European nation states. The consequence is anticipated to be a marked reduction in, if not the destruction of, the benevolent Welfare State. The objective of this contribution is to present the main arguments that have led us to believe that, this traditional literature notwithstanding, a European constitution should not restrict but rather should encourage horizontal and vertical governmental competition. In our view the European political order, in defining the relationship among member states and also the relationship between the member states and the EU, ought to be inspired by what we know about competition in the commercial sphere.

Political extremism is widely considered to be the product of irrational behavior. The distinguishing feature of this collection by well-known economists and political scientists from North America, Europe and Australia is to propose a variety of explanations which all insist on the rationality of extremism. Contributors use variants of this approach to shed light on subjects such as the conditions under which democratic parties take extremist positions, the relationship between extremism and conformism, the strategies adopted by revolutionary movements, and the reasons why extremism often leads to violence. The authors identify four core issues in the study of the phenomenon: the nature (definition) of extremism and its origins in both democratic and authoritarian settings, the capacity of democratic political systems to accommodate extremist positions, the strategies (civil disobedience, assassination, lynching) chosen by extremist groups, and the circumstances under which extremism becomes a threat to democracy