In the wake of the recent creation of new democratic regimes around the world, political theorists have begun to rethink the nature and justification of this form of government. This collection of essays contains work by a group of prominent philosophers, economists, political scientists and legal theorists, all of whom address a variety of fundamental questions about democracy: how effective is it? How stable can it be in a pluralist society? Does it deserve its current popularity? Can it successfully guide a socialist society? With its unique interdisciplinary focus, this volume will be of particular interest to political philosophers, political scientists, economists, and legal theorists.