Political Control of the Economy
Language: English
Published by Princeton University Press, Princeton, NJ, 1978
- First Edition
- Hardcover
- Used
Seller: Round Table Books, LLC, Gurnee, IL, U.S.A.Round Table Books, LLC
AbeBooks seller since November 20, 2006
Association member: MWABA
Condition: Used - Very good
£ 38.55
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Add to basketItem description from seller
NB: Political Control of the Economy is a 1978 seminal work by political scientist Edward R. Tufte of Yale University that examines the interplay between electoral politics and national economic policy in capitalist democracies.Tufte argues that incumbent politicians have a strong incentive to manipulate the timing and location of economic benefits (such as tax cuts, transfer payments, and public spending boosts) to generate a short-term boom right before an election. The electorate tends to reward incumbents for immediate pre-election prosperity and punish them for recessions, creating a feedback loop where short-term economic manipulation is politically rational for leaders seeking re-election. Beyond short-term cycles, different political parties carry out distinct macroeconomic priorities once in office, reflecting the economic interests of their core coalitions. The book combines statistical analyses and case studies (primarily focusing on the United States post-1945 and other Western democracies) to trace how national politics shapes inflation, unemployment, and government growth. Some light pencilled underlining throughout, former owner's name erased on ffep, else fine; otherwise unmarked, tight, square, and clean. VERY GOOD/FINE. Graphs and Charts. 8vo 8" - 9" tall. 168, (1) pages.…
Seller Inventory # 30734
- Title
- Political Control of the Economy
- Author
- Tufte Edward R.
- Publisher
- Princeton University Press, Princeton, NJ
- Publication year
- 1978
- Condition
- Very Good
- Dust jacket
- Fine
- Binding
- Hard Cover
- Language
- English
- ISBN 10
- 0691075948
- ISBN 13
- 9780691075945
- Edition
- 1st Edition. First Printing.
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?
"Synopsis" may belong to another edition of this title.
Review
"Of late, a growing number of political scientists and economists have been attempting to see if there is a relationship, here and abroad, between the 'political cycle' (that is, periodic elections) and the business cycle (the ups and downs of various measures of economic well-being). The most recent, lucid, and comprehensive of these studies is the brilliant book by Edward R. Tufte."--James Q. Wilson, Commentary
"Will nourish political junkies everywhere.Read it. It's short, jargon-free, readable, informative, and free of ideological axes, which is saying a lot for a book about the 'dismal science.' "--Mark Green, Washington Post Book World
"A theoretically elegant and methodologically sophisticated analysis of the systematic linkage between national politics and macroeconomic policies in the world's major democracies.This is political science at its best."--Choice
"[A] crisp and convincing study of perhaps the central issue in the political economy of major democratic societies today."--Foreign Affairs
"About the title" may belong to another edition of this title.
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