Ship-Ship-Hooray! Free Shipping on $25+ Details >
American Political Economy : Macroeconomics and Electoral Politics in the United States

American Political Economy : Macroeconomics and Electoral Politics in the United States - 87 edition

American Political Economy : Macroeconomics and Electoral Politics in the United States - 87 edition

ISBN13: 9780674027367

ISBN10: 0674027361

American Political Economy : Macroeconomics and Electoral Politics in the United States by Douglas A. Jr. Hibbs - ISBN 9780674027367
Cover type: Paperback
Edition: 87
Copyright: 1987
Publisher: Harvard University Press
Published:
International: No
American Political Economy : Macroeconomics and Electoral Politics in the United States by Douglas A. Jr. Hibbs - ISBN 9780674027367

ISBN13: 9780674027367

ISBN10: 0674027361

Cover type: Paperback
Edition: 87

List price: $46.50

All of our used books are 100% hand-inspected and guaranteed! Happy you, happy us.

Ships directly from us
You Save $11.60 (25%)
$34.90

This title is currently not available in digital format.

Well, that's no good. Unfortunately, this edition is currently out of stock. Please check back soon.

shop us with confidence

Summary

Here is the most comprehensive and authoritative work to date on relationships between the economy and politics in the years from Eisenhower through Reagan. Extending and deepening his earlier work, which had major impact in both political science and economics, Hibbs traces the patterns in and sources of postwar growth, unemployment, and inflation. He identifies which groups ''win'' and ''lose'' from inflations and recessions. He also shows how voters' perceptions and reactions to economic events affect the electoral fortunes of political parties and presidents.Hibbs's analyses demonstrate that political officials in a democratic society ignore the economic interests and demands of their constituents at their peril, because episodes of prosperity and austerity frequently have critical influence on voters' behavior at the polls. The consequences of Eisenhower's last recession, of Ford's unwillingness to stimulate the economy, of Carter's stalled recovery were electorally fatal, whereas Johnson's, Nixon's, and Reagan's successes in presiding over rising employment and real incomes helped win elections.The book develops a major theory of macroeconomic policy action that explains why priority is given to growth, unemployment, inflation, and income distribution shifts with changes in partisan control of the White House. The analysis shows how such policy priorities conform to the underlying economic interests and preferences of the governing party's core political supporters. Throughout the study Hibbs is careful to take account of domestic institutional arrangements and international economic events that constrain domestic policy effectiveness and influence domestic economic outcomes.Hibbs's interdisciplinary approach yields more rigorous and more persuasive characterizations of the American political economy than either purely economic, apolitical analyses or purely partisan, politicized accounts. His book provides a useful benchmark for the advocacy of new policies for t