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Political Control of the Economy
Edward R. Tufte
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Sozialwissenschaften, Recht, Wirtschaft / Politikwissenschaft
Beschreibung
Speculations about the effects of politics on economic life have a long and vital tradition, but few efforts have been made to determine the precise relationship between them. Edward Tufte, a political scientist who covered the 1976 Presidential election for Newsweek, seeks to do just that. His sharp analyses and astute observations lead to an eye-opening view of the impact of political life on the national economy of America and other capitalist democracies.
The analysis demonstrates how politicians, political parties, and voters decide who gets what, when, and how in the economic arena. A nation's politics, it is argued, shape the most important aspects of economic life--inflation, unemployment, income redistribution, the growth of government, and the extent of central economic control. Both statistical data and case studies (based on interviews and Presidential documents) are brought to bear on four topics. They are: 1) the political manipulation of the economy in election years, 2) the new international electoral-economic cycle, 3) the decisive role of political leaders and parties in shaping macroeconomic outcomes, and 4) the response of the electorate to changing economic conditions. Finally, the book clarifies a central question in political economy: How can national economic policy be conducted in both a democratic and a competent fashion?
Kundenbewertungen
Politics, Economics, Household, Ideology, Assar Lindbeck, Payment, Welfare, Off-year election, Financial crisis, Politician, Tax, Political campaign, Political science, Council of Economic Advisers, Economy, Percentage point, Employment, Disposable and discretionary income, Income, Real income, An Economic Theory of Democracy, Price Change, Public policy, Transfer payment, Incumbent, Inflation, Midterm election, Internationalization, Macroeconomic model, Richard Nixon, Six Crises, Tax cut, Political party, Political economy, Central bank, Economist, Budget, Economic policy, Economic problem, Left–right politics, Trade-off, Unemployment, Business cycle, Payroll tax, Policy, Receipt, Economic forecasting, Stabilization policy, Legislation, Capitalism, Monetary policy, Voting, Voting behavior, The New York Times, Government spending, Economic ideology, Economic indicator, Money supply, Election, Recession, Fiscal policy, Economic Report of the President, Adviser, Economic growth, Government budget, Macroeconomics, The Public Interest, Annual report, Office of Management and Budget, Stock market