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An Economic Theory Of Democracy
''An Economic Theory of Democracy'' is a treatise of economics written by Anthony Downs, published in 1957. The book set forth a model with precise conditions under which economic theory could be applied to non-market political decision-making. It also suggested areas of empirical research that could be tested to confirm the validity of his conclusions in the model. Much of this offshoot research eventually became integrated into public choice theory. Downs' theory abstains from making normative statements about public policy choices and instead focuses on what is rational, given the relevant incentives, for government to do. Contents In chapter eight of the book Downs explains how the concept of ideology is central to his theory. Depending on the ideological distribution of voters in a given political community, electoral outcomes can be stable and peaceful or wildly varied and even result in violent revolution. The likely number of political parties can also be identified i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economics
Economics () is the social science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services. Economics focuses on the behaviour and interactions of Agent (economics), economic agents and how economy, economies work. Microeconomics analyzes what's viewed as basic elements in the economy, including individual agents and market (economics), markets, their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyzes the economy as a system where production, consumption, saving, and investment interact, and factors affecting it: employment of the resources of labour, capital, and land, currency inflation, economic growth, and public policies that have impact on glossary of economics, these elements. Other broad distinctions within economics include those between positive economics, desc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Revolution
In political science, a revolution (Latin: ''revolutio'', "a turn around") is a fundamental and relatively sudden change in political power and political organization which occurs when the population revolts against the government, typically due to perceived oppression (political, social, economic) or political incompetence. Revolutions have occurred throughout human history and vary widely in terms of methods, duration, and motivating ideology. Their results include major changes in culture, economy, and social institution, socio-political institutions, usually in response to perceived overwhelming autocracy or plutocracy. Scholarly debates about what does and does not constitute a revolution center on several issues. Early studies of revolutions primarily analyzed events in European history from a psychological perspective, but more modern examinations include global events and incorporate perspectives from several social sciences, including sociology and political science. S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1957 Non-fiction Books
1957 ( MCMLVII) was a common year starting on Tuesday of the Gregorian calendar, the 1957th year of the Common Era (CE) and ''Anno Domini'' (AD) designations, the 957th year of the 2nd millennium, the 57th year of the 20th century, and the 8th year of the 1950s decade. Events January * January 1 – The Saarland joins West Germany. * January 3 – Hamilton Watch Company introduces the first electric watch. * January 5 – South African player Russell Endean becomes the first batsman to be dismissed for having '' handled the ball'', in Test cricket. * January 9 – British Prime Minister Anthony Eden resigns. * January 10 – Harold Macmillan becomes Prime Minister of the United Kingdom. * January 11 – The African Convention is founded in Dakar. * January 14 – Kripalu Maharaj is named fifth Jagadguru (world teacher), after giving seven days of speeches before 500 Hindu scholars. * January 15 – The film ''Throne of Blood'', Akira Kurosawa's reworking of '' Ma ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New York City
New York, often called New York City or NYC, is the List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the List of United States cities by population density, most densely populated major city in the United States, and is more than twice as populous as second-place Los Angeles. New York City lies at the southern tip of New York (state), New York State, and constitutes the geographical and demographic center of both the Northeast megalopolis and the New York metropolitan area, the largest metropolitan area in the world by urban area, urban landmass. With over 20.1 million people in its metropolitan statistical area and 23.5 million in its combined statistical area as of 2020, New York is one of the world's most populous Megacity, megacities, and over 58 million people live within of the city. New York City is a global city, global Culture of New ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Harper & Brothers
Harper is an American publishing house, the flagship imprint of global publisher HarperCollins based in New York City. History J. & J. Harper (1817–1833) James Harper and his brother John, printers by training, started their book publishing business J. & J. Harper in New York City in 1817. Their two brothers, Joseph Wesley and Fletcher, joined them in the mid-1820s. Harper & Brothers (1833–1962) The company changed its name to "Harper & Brothers" in 1833. The headquarters of the publishing house were located at 331 Pearl Street, facing Franklin Square in Lower Manhattan (about where the Manhattan approach to the Brooklyn Bridge lies today). Harper & Brothers began publishing ''Harper's New Monthly Magazine'' in New York City in 1850. The brothers also published ''Harper's Weekly'' (starting in New York City in June 1857), '' Harper's Bazar'' (starting in New York City in November 2, 1867), and ''Harper's Young People'' (starting in New York City in 1879). George B. M ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mancur Olson
Mançur Lloyd Olson Jr. (; January 22, 1932 – February 19, 1998) was an American economist and political scientist who taught at the University of Maryland, College Park. His most influential contributions were in institutional economics, and in the role which private property, taxation, public goods, collective action, and contract rights play in economic development. Early life and education Olson was born on January 22, 1932, in Grand Forks, North Dakota, to a family of Norwegian immigrants. He grew up on a farm near Buxton, North Dakota, next to the state border with Climax, Minnesota. Olson claimed that his given name, Mançur, was common throughout Scandinavian-immigrant communities in North America and was a variation of the Arabic name Mansoor. Olson graduated from North Dakota State University in 1954 and was a Rhodes Scholar at University College, Oxford until 1956, before earning a PhD in economics from Harvard in 1963. He also served in the U.S. Air Force for two ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Essays In Positive Economics
Milton Friedman's book ''Essays in Positive Economics'' (1953) is a collection of earlier articles by the author with as its lead an original essay "The Methodology of Positive Economics." This essay posits Friedman's famous, but controversial, principle (called the F-Twist by Samuelson) that assumptions need not be "realistic" to serve as scientific hypotheses; they merely need to make significant predictions. Contents of the book The book is organized in four parts: * Introduction : The Methodology of Positive Economics * Price Theory : The Marshallian Demand Curve : The ‘Welfare’ Effects of an Income Tax and an Excise Tax * Monetary Theory and Policy : The Effects of a Full-Employment Policy on Economic Stability: A Formal Analysis : A Monetary and Fiscal Framework for Economic Stability : The Case for Flexible Exchange Rates : Commodity-Reserve Currency : Discussion of the Inflationary Gap : Comments on Monetary Policy * Comments on Method : Lange on Price Flexibility and E ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Milton Friedman
Milton Friedman (; July 31, 1912 – November 16, 2006) was an American economist and statistician who received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis, monetary history and theory and the complexity of stabilization policy. With George Stigler and others, Friedman was among the intellectual leaders of the Chicago school of economics, a neoclassical school of economic thought associated with the work of the faculty at the University of Chicago that rejected Keynesianism in favor of monetarism until the mid-1970s, when it turned to new classical macroeconomics heavily based on the concept of rational expectations. Several students, young professors and academics who were recruited or mentored by Friedman at Chicago went on to become leading economists, including Gary Becker, Robert Fogel, Thomas Sowell and Robert Lucas Jr. Friedman's challenges to what he called "naive Keynesian theory" began with his interpretation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Equilibrium (systems)
List of types of equilibrium, the condition of a system in which all competing influences are balanced, in a wide variety of contexts. Equilibrium may also refer to: Film and television * ''Equilibrium'' (film), a 2002 science fiction film * ''The Story of Three Loves'', also known as ''Equilibrium'', a 1953 romantic anthology film * "Equilibrium" (''seaQuest 2032'') * ''Equilibrium'', short film by Steven Soderbergh, a segment of ''Eros'' * "Equilibrium" (''Star Trek: Deep Space Nine''), Star Trek DS9 Episode 4, Season 3 Music * Equilibrium (band), a folk metal band from Germany * ''Equilibrium'' (Crowbar album), 2000 * ''Equilibrium'' (Erik Mongrain album), 2008 * ''Equilibrium'' (God Forbid album), 2012 * ''Equilibrium'' (Whitecross album), 1995 * ''Equilibrium'' (Matthew Shipp album), 2003 * ''IX Equilibrium ''IX Equilibrium'' is the third studio album by the black metal band Emperor (band), Emperor. It was released on March 15, 1999 in Europe and on April 27th, 19 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Legislator
A legislator (also known as a deputy or lawmaker) is a person who writes and passes laws, especially someone who is a member of a legislature. Legislators are often elected by the people of the state. Legislatures may be supra-national (for example, the European Parliament), national (for example, the United States Congress), or local (for example, local authorities). Overview The political theory of the separation of powers requires legislators to be independent individuals from the members of the executive and the judiciary. Certain political systems adhere to this principle, others do not. In the United Kingdom, for example, the executive is formed almost exclusively from legislators (members of Parliament) although the judiciary is mostly independent (until reforms in 2005, the Lord Chancellor uniquely was a legislator, a member of the executive - indeed, the Cabinet - and a judge, while until 2009 the Lords of Appeal in Ordinary were both judges and legislators as membe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Representative Democracy
Representative democracy, also known as indirect democracy, is a type of democracy where elected people represent a group of people, in contrast to direct democracy. Nearly all modern Western-style democracies function as some type of representative democracy: for example, the United Kingdom (a unitary parliamentary constitutional monarchy), India (a federal parliamentary republic), France (a unitary semi-presidential republic), and the United States (a federal presidential republic). Representative democracy can function as an element of both the parliamentary and the presidential systems of government. It typically manifests in a lower chamber such as the House of Commons of the United Kingdom, and the Lok Sabha of India, but may be curtailed by constitutional constraints such as an upper chamber and judicial review of legislation. Some political theorists (including Robert Dahl, Gregory Houston, and Ian Liebenberg) have described representative democracy as polyarchy. Rep ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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