Economic Politics in the United States
The Costs and Risks of Democracy
(Sprache: Englisch)
The book shows how and why democracy has worked well or badly as measured by US macroeconomic performance.
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Produktdetails
Produktinformationen zu „Economic Politics in the United States “
The book shows how and why democracy has worked well or badly as measured by US macroeconomic performance.
Klappentext zu „Economic Politics in the United States “
Employing macroeconomic performance as a lens to evaluate democratic institutions, the author uses models of political behavior that allow for opportunism on the part of public officials and shortsightedness on the part of voters to see if democratic institutions lead to inferior macroeconomic performance. We have learned more about how and why democracy can work well or badly in the years since the first edition was published. It was not previously apparent how much the good performance of democracy in the United States was contingent on informal rules and institutions of restraint that are not part of the definition of democracy. Since that first edition, the United States has experienced soaring indebtedness, unintended adverse consequences of housing policy, and massive problems in the financial system. Each of these was permitted or encouraged by the incentives of electoral politics and by limitations on government, the two essential features of democratic institutions.
Inhaltsverzeichnis zu „Economic Politics in the United States “
Part I. Introduction: 1. Macroeconomic politics and the costs and risks of democracy; 2. Macroeconomic theories and their political implications; Part II. Models of Macroeconomic Politics: 3. Models of accountability and opportunism: the electoral cycle; 4. Models of choice: partisanship; 5. Unintended consequences, moral hazard, and time consistency; Part III. The Sources and Authority of Macroeconomic Goals: 6. The authority of macroeconomic goals; 7. Voters, elections, accountability, and choice; Part IV. Institutions and Processes: 8. Rules, discretion, and accountability in the monetary policy process; 9. Rules, discretion, and accountability in the fiscal policy process; Part IV. Conclusion: 10. The costs and risks of democracy.
Autoren-Porträt von William R. Keech
Keech, William R.William Keech is Research Professor of Political Economy in the Department of Political Science at Duke University. Keech is the author of numerous books, including the first edition of Economic Politics in the United States (Cambridge University Press, 1995), and his articles have appeared in academic journals such as the American Political Science Review, Public Choice, and the American Economic Review. Most of his academic career has been at the University of North Carolina, Chapel Hill and Carnegie Mellon University. He has been president of the Southern Political Science Association and a member of the Council of the American Political Science Association. He received his PhD from the University of Wisconsin, Madison.
Bibliographische Angaben
- Autor: William R. Keech
- 300 Seiten, Maße: 22,8 x 0,8 cm, Kartoniert (TB), Englisch
- Verlag: Cambridge University Press
- ISBN-10: 0521178673
- ISBN-13: 9780521178679
Sprache:
Englisch
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