Journal ArticleDOI
An Economic Theory of Political Action in a Democracy
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For example, this article argued that the private sector is a self-regulating mechanism and that any government action beyond maintenance of law and order is "interference" with it rather than an intrinsic part of it.Abstract:
IN SPITE of the tremendous importance of government decisions in every phase of economic life, economic theorists have never successfully integrated government with private decision-makers in a single general equilibrium theory. Instead they have treated government action as an exogenous variable, determined by political considerations that lie outside the purview of economics. This view is really a carry-over from the classical premise that the private sector is a self-regulating mechanism and that any government action beyond maintenance of law and order is "interference" with it rather than an intrinsic part of it.2 However, in at least two fields of economic theory, the centrality of government action has forced economists to formulate rules that indicate how government "should" make decisions. Thus in the field of public finance, Hugh Dalton states:read more
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Journal ArticleDOI
Social preferences and political attitudes: An online experiment on a large heterogeneous sample
Rudolf Kerschbamer,Daniel Müller +1 more
TL;DR: This article investigated the relationship between social preferences and political attitudes and found that selfish subjects are the extremists on the one side of the political spectrum, while altruistic and maximin subjects sit at the opposite end of the spectrum, characterized by benevolence in the domain of advantageous inequality.
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Social choice and electoral competition in the general spatial model
TL;DR: The properties of social preferences generated by simple games are investigated; results on generic emptiness of the core are extended; the general nonemptiness of the uncovered and undominated sets is proved; and the upper hemicontinuity of these correspondences is proved.
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Do voters vote ideologically
TL;DR: It is shown that using data only on how individuals vote in a single election, the hypothesis that voters vote ideologically is irrefutable, regardless of the number of candidates competing in the election.
Posted Content
Party Polarization in Congress: A Network Science Approach
TL;DR: In this paper, the authors measure polarization in the United States Congress using the network science concept of modularity, which reveals both the number of relevant groups and the strength of inter-group divisions without making restrictive assumptions about the structure of the party system or the shape of legislator utilities.
Journal ArticleDOI
The economic determinants of U.S. presidential approval: A survey
TL;DR: In this paper, the authors study the likely causes for the inconclusive findings and find that the popularity function is instable over time, indicating that the most often employed linear estimation approach is inadequate.