Is the Market a Test of Truth and Beauty?

Ȃȇȅ Partʺʺ: Politics and Philosophy

there and overseas have exhibited a record of stability, notably Switzer-
land, Finland, and the United States.Ȉ
Constitutional monarchy cannot solve all problems of government;
nothing can. But it can help. Besides lesser arguments, two main ones rec-
ommend it. First, its very existence is a reminder that democracy is not the
sort of thing of which more is necessarily better; it can help promote bal-
anced thinking. Second, by contributing continuity, diluting democracy
while supporting a healthy element of it, and furthering the separation of
government powers, monarchy can help protect personal liberty.

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Bagehot, Walter.Ļe English Constitution.ȀȇȅȆ,ȀȇȆȁ. Ithaca, N.Y.: Cornell Paper-

backs,ȀȈȅȅ.

Barry, Norman. “What’s So Good About Democracy?”Ideas on LibertyȄȂ(May

ȁǿǿȂ):ȃȃ–ȃȇ.

Campbell, Colin M. “Large Electorates and Decisive Minorities.”Journal of Polit-

ical EconomyȀǿȆ(DecemberȀȈȈȈ):ȀȀȈȈ–ȀȁȀȆ.

Constant, Benjamin.Political Writings.ȀȇȀȃ–ȀȇȀȄ. Translated and edited by Bian-

camaria Fontana. Cambridge, U.K., and New York: Cambridge University

Press,ȀȈȇȇ.

Gabb, Sean. “In Defence of the Monarchy.”Free Life Commentary, no.ȇȂ

(ȈDecemberȁǿǿȁ).http://www.seangabb.co.uk/flcomm/flc083.htm.

Gray, John.Post-Liberalism: Studies in Political Ļought. London and New York:

Routledge,ȀȈȈȂ.

Habsburg, Otto von. “Monarchy or Republic.”ȀȈȄȇ. InĻe Conservative Tradi-

tion in European Ļought, edited by Robert Schuettinger,ȁȄȇ–ȁȅȆ. New York:

Putnam,ȀȈȆǿ.

Hayek, F.A.Ļe Political Order of a Free People. Vol.ȂofLaw, Legislation and

Liberty. Chicago: University of Chicago Press,ȀȈȆȈ.

Hoppe, Hans-Hermann.Democracy: Ļe God Ļat Failed. New Brunswick, N.J.:

Transaction Publishers,ȁǿǿȀ.

ȈCompare Lewis and WoolseyȁǿǿȂ: “[O]f the nations that have been democracies

for a very long time and show every sign that they will remain so, a substantial majority

are constitutional monarchies (the U.S. and Switzerland being the principal exceptions).”