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  1. Apr 23, 2018 · A close reading of Capitalism, Socialism and Democracy underscores Schumpeter's critique of elite political capacities. Given the neglect of this critique in contemporary scholarship, it might warrant a revision of our understanding of “Schumpeterianism.”

    • Natasha Piano
    • 2017
  2. Apr 7, 2020 · Schumpeter’s elite conception came to be influential because it seemed to a certain generation of political scientists to be a skeptical, value-neutral, formalistic approach to democracy. They looked around in the 1950s, ’60s, ’70s, and even later, and they saw that the only thing that could pass for democracy in the world was different forms of electoral competition among elites.

  3. Jan 13, 2011 · In his now classic book, Capitalism, Socialism and Democracy, Joseph A Schumpeter, espouses what may be deemed an “elitist” model of participatory democracy. For Schumpeter, the incapacity of the common man to make intelligent decisions in areas of politics makes it necessary to limit the role of the general populace to the voting process: leaving actual rule to an elite minority.

  4. that the elite conception of democracy outlined above was Schumpeter's definitive statement on the subject. In this essay, however, I challenge this accepted view and argue that recovering the actual complexity of his political thought is an important task. From the late 1910s onward, Schumpeter theorized about democracy in two distinguishable ...

  5. It is not too much to say that American political science over the past twenty-five years has taken its starting point from this reduction of democracy to a method of elite selection. 4 This means that participation, once the foundation of democratic political theory, dropped out of the academy's definition of democracy altogether.

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  6. Schumpeter's view of democracy has been described as "elitist", as he criticizes the rationality and knowledge of voters, and expresses a preference for politicians making decisions. [ 45 ] [ 46 ] [ 47 ] Democracy is therefore in a sense a means to ensure circulation among elites. [ 46 ]

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  8. Both Joseph Schumpeter’s intellectual heirs and his critics more or less agree that Capitalism, Socialism and Democracy originated a “minimal” or “elitist” conception of democracy—“elitist” in the sense that in this conception, one does not attribute agency, or more than minimal agency, to any group other than the elite of “super-normal” individuals who govern the rest of ...

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