Democracy extends the sphere of individual freedom, socialism restricts it. Democracy attaches all possible value to each man; socialism makes each man a mere agent, a mere number. Democracy and socialism have nothing in common but one word: equality. But notice the difference: while democracy seeks equality in liberty, socialism seeks equality in restraint and servitude.
Alexis de Tocqueville, 1848
The most dangerous time for on authoritarian regime is when it begins to reform itself.
Alexis de Tocqueville
Man is free if he needs to obey no person but solely the laws.
Among the most compelling issues of contemporary world politics are the changes taking place in postcommunist Europe. Many fellow economists for whom the centrally planned economies were a subject with no real interesting problems before 1989 are now vitally engaged in analyzing the processes of economic and political transition. For those of us who are both professionally and