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Political Control of the Economy

Political Control of the Economy
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Political Control of the Economy

 
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851553202

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A remarkable study, one that is provocative and concise, sometimes brazen in its theoretical assumptions and assertions, laced throughout with elegance and wit. Amid the vast outpouring of contemporary social science, (this) truly is a book for all seasons, important to every scholar interested in the relationship of elections, government, and public policy. -- "American Political Science Review

 
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Product Details
Author:Edward R. Tufte
Hardcover:184 pages
Publisher:Princeton Univ Pr
Publication Date:1978-04
Language:English
ISBN:0691075948
Package Length:8.5 inches
Package Width:5.4 inches
Package Height:0.8 inches
Package Weight:0.5 pounds
Average Customer Rating: based on 1 reviews

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Average Customer Review:4.0 ( 1 customer reviews )
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4Politics and the economy--a two way street  Mar 23, 2010 By Steven A. Peterson
The premise of this book is stated early on (Page ix): ". . .I seek to show how certain political variables determine macroeconomic outcomes in a systematic and predictable way. In particular, I provide evidence demonstrating the role of elections and political parties in deciding who gets what, when, and how in the political arena."

This dynamic is a two-way street. On the one hand, he notes that the state of the economy has an effect on elections. Is the economy in bad shape? The incumbent party takes a beating. Is the economy healthy? The incumbent party may reap some rewards.

Hmmm. On the other hand, would that not suggest that the party in power would engage in manipulation of the economy for electoral gain?
Tufte also provides some evidence that the party in power will work to "juice up" the economy in an election year. One story: Richard Nixon sending a personal note to all retirees about his administration having increased Social Security payments (coincidentally, the note arrived just before a presidential election, in October of 1972).

A golden oldie that still has relevance today. . . .

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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