Dr. Ropke, Professor of economics at the Graduate Institute of International Studies at Geneva, and author of many well thought out works on the growth of capitalism, presents his solution to the ""crisis of democracy."" After forcefully developing the argument that Western democratic civilization is in the process of disintegration with intellectual and moral degeneration accompanying an economic crisis, he goes on to decry the current solution of government handouts to all pressure groups, as one that will lead only to collectivism which he claims is a cure worse than the disease. He proposes instead the ""third way"". Readers who recall the popular Sweden the Middle Way may be interested in the comparison with Ropke's model civilization which is more closely approximated (though definitely not reached) in Switzerland. The answer to the modern crisis can be found only, according to the author, in the development of a more highly competitive economic system, and one where the balance of power rests neither with the proletariat nor capitalist but with the land owning ""peasants"", artisans and small businesses. This will provide not only economic stability, but also a cultural renaissance firmly founded on individual initiative, responsibility and freedom -- a point of view strongly reminiscent of Jefferson's theory of agrarian economy. Dr. Ropke will not be easily classified politically- his concept of a highly competitive system calls for a control of the business cycle by government intervention, destruction of monopolies and discouragement of large scale industry by state legislation. Specialized appeal.