There is a lot of confusing about what democracy is. There are different definitions, but all the definitions have normative content. Is democracy primarily a mechanism elections that rotates political leaders in office; or is it primarily a commitment to the twin ideals of freedom and equality. Ancient greece: and institiutional arrangement that realizes the common good that decisions that carry out the common will. The common good is some point on the utility curve before it begins to flatten out, it is mathematically identifiable. An institutional method for channeling the will of the people. Common will democratic process common good. Capitalism, socialism and democracy (1942) joseph schumpeter. Schumpeter says there is no common good, because people disagree about what is good. Human individuals have different natural inclinations, because they stand in different relations to the structures in power. There is no correct set of policies, there are only competing preferences of individuals.