The concept of deliberation in the Ukrainian philosophical discourse is both underestimated and overestimated. Underestimated — as a self-sufficient category that is not reducible to another con- cept, even if it is the concept of consensus or the concept of democracy. Deliberation appears pri- marily as a careful weighing and selection of arguments when making an important decision. Collegiality may or may not be present here, as well as openness. Therefore, the concept of deliber- ation is somewhat overestimated as something (...) that necessarily improves the quality of democratic procedures, and therefore, supposedly, deliberation itself is something democratic in nature. American political philosopher Joshua Cohen drew attention to the fact that deliberation can be of at least three types: individual deliberation, jury deliberation, and oligarch deliberation. The article analyzes these three types of deliberation and found that the closest to the democratic type of government is individual deliberation, or rather, joint deliberation of responsible citizens. While the deliberation of the jury is mostly closed, it is naturally limited access to the extent of the necessary competence of its possible participants. The deliberation of the oligarchs is even more closed and often even secret. However, the article states that it is more appropriate to replace the name «oligarchs» with the term «captains of business»: then the deliberation of the oligarchs ceases to be a cartel conspiracy, and turns into a coordinated protection of the interests of the national economy. However, for this, de- liberation itself is not enough, so not procedural, but other, namely, value factors of decision-making are needed. Democracy benefits from deliberation when the latter is complemented by the liberal and patriotic values of the participants in the deliberation. Already John Locke convincingly argues the importance of citizens achieving a common conscious agreement in state matters. However, for Locke, the very fact of having property was important, while in practice, achieving an effective agreement requires mechanisms for reconciling the positions of owners with very different amounts of property. To some extent, this problem can be solved by John Rawls` concept of justice. (shrink)