Problem
i. What are the differences, if any, between the liberal and populist conceptions of democracy in terms of liberty, participation and equality?
ii. Arrow's Impossibility Theorem in the theory of social choice implies that the populist conception of democracy is incoherent, but can still be consistent with the liberal conception. Explain why.
iii. What are the key political institutional arrangements that would distinguish a liberal democratic political system from a populist democratic political system in terms of political organization?