A01=Edward R. Tufte
Adviser
An Economic Theory of Democracy
Annual report
Assar Lindbeck
Author_Edward R. Tufte
Budget
Business cycle
Capitalism
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Central bank
Council of Economic Advisers
Disposable and discretionary income
Economic forecasting
Economic growth
Economic ideology
Economic indicator
Economic policy
Economic problem
Economic Report of the President
Economics
Economist
Economy
Election
Employment
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Financial crisis
Fiscal policy
Government budget
Government spending
Household
Ideology
Income
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Inflation
Internationalization
Left-right politics
Legislation
Macroeconomic model
Macroeconomics
Midterm election
Monetary policy
Money supply
Off-year election
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Product details
- ISBN 9780691021805
- Weight: 227g
- Dimensions: 140 x 216mm
- Publication Date: 21 May 1980
- Publisher: Princeton University Press
- Publication City/Country: US
- Product Form: Paperback
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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?
