Showing papers by "Sam Peltzman published in 1998"
Book•
01 Jan 1998
TL;DR: The essays in this collection are central to the modern canon in political economy as mentioned in this paper, and the conclusions bear the stamp of the Chicago approach to political economy (which applies microeconomic principles to political phenomena), an approach that has had considerable success explaining why certain government policies have not achieved their intended effects.
Abstract: The essays in this collection are central to the modern canon in political economy. These ten articles and an introduction respond to two broad questions: How does government work? How do voters and their elected representatives make decisions? Sam Peltzman responds to the media's negative portrayal of the cynical political atmosphere in America, suggesting the electorate really does make well-informed decisions and elected officials actually do tend to vote according to their constituents' interests. These conclusions bear the stamp of the Chicago approach to political economy (which applies microeconomic principles to political phenomena), an approach that has had considerable success explaining why certain government policies have not achieved their intended effects.
35 citations
Posted Content•
01 Jan 1998
TL;DR: Peltzman as discussed by the authors argues that the electorate really does make well-informed decisions and elected officials actually do tend to vote according to their constituents' interests These conclusions bear the stamp of the Chicago approach to political economy (which applies microeconomic principles to political phenomena), an approach that has had considerable success explaining why certain government policies have not achieved their intended effects.
Abstract: Sam Peltzman is one of the world's leading economists, and the essays in this collection are central to the modern canon in political economy These ten articles and an original introduction respond to two broad questions: How does government work? How do voters and their elected representatives make decisions? Given the media's portrayal of the cynical political atmosphere in America, Peltzman's responses are rather surprising—the electorate really does make well-informed decisions and elected officials actually do tend to vote according to their constituents' interests These conclusions bear the stamp of the Chicago approach to political economy (which applies microeconomic principles to political phenomena), an approach that has had considerable success explaining why certain government policies have not achieved their intended effects This collection reflects Peltzman's long career studying the interface between the private economy and the public sector It will be essential to anyone who wishes to study government activity and voting behavior from an economic perspective
30 citations