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Political Control of the Economy - Edward R. Tufte

Political Control of the Economy

Paperback Published: 21st May 1980
ISBN: 9780691021805
Number Of Pages: 188

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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?

"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

Prefacesp. ix
The Electoral-Economic Cyclep. 3
The Electoral Cycle and Economic Policyp. 28
A Note on Elections and the International Economyp. 65
Political Parties and Macroeconomic Outcomesp. 71
Economic and Political Determinants of Electoral Outcomesp. 105
Macroeconomics under Conditions of Political Competition: Conclusions and Evaluationsp. 137
Data Sourcesp. 155
Indexp. 163
Table of Contents provided by Syndetics. All Rights Reserved.

ISBN: 9780691021805
ISBN-10: 0691021805
Audience: Tertiary; University or College
Format: Paperback
Language: English
Number Of Pages: 188
Published: 21st May 1980
Country of Publication: US
Dimensions (cm): 22.05 x 15.85  x 1.25
Weight (kg): 0.25