Golden Rule

Author: Thomas Ferguson
Publisher: University of Chicago Press
ISBN: 9780226162010
Release Date: 2011-08-15
Genre: Political Science

"To discover who rules, follow the gold." This is the argument of Golden Rule, a provocative, pungent history of modern American politics. Although the role big money plays in defining political outcomes has long been obvious to ordinary Americans, most pundits and scholars have virtually dismissed this assumption. Even in light of skyrocketing campaign costs, the belief that major financial interests primarily determine who parties nominate and where they stand on the issues—that, in effect, Democrats and Republicans are merely the left and right wings of the "Property Party"—has been ignored by most political scientists. Offering evidence ranging from the nineteenth century to the 1994 mid-term elections, Golden Rule shows that voters are "right on the money." Thomas Ferguson breaks completely with traditional voter centered accounts of party politics. In its place he outlines an "investment approach," in which powerful investors, not unorganized voters, dominate campaigns and elections. Because businesses "invest" in political parties and their candidates, changes in industrial structures—between large firms and sectors—can alter the agenda of party politics and the shape of public policy. Golden Rule presents revised versions of widely read essays in which Ferguson advanced and tested his theory, including his seminal study of the role played by capital intensive multinationals and international financiers in the New Deal. The chapter "Studies in Money Driven Politics" brings this aspect of American politics into better focus, along with other studies of Federal Reserve policy making and campaign finance in the 1936 election. Ferguson analyzes how a changing world economy and other social developments broke up the New Deal system in our own time, through careful studies of the 1988 and 1992 elections. The essay on 1992 contains an extended analysis of the emergence of the Clinton coalition and Ross Perot's dramatic independent insurgency. A postscript on the 1994 elections demonstrates the controlling impact of money on several key campaigns. This controversial work by a theorist of money and politics in the U.S. relates to issues in campaign finance reform, PACs, policymaking, public financing, and how today's elections work.

Right Turn

Author: Thomas Ferguson
Publisher: Macmillan
ISBN: 0809001705
Release Date: 1987-08-01
Genre: Political Science


The Hidden election

Author: Thomas Ferguson
Publisher: Pantheon
ISBN: UOM:39015035338436
Release Date: 1981
Genre: Political Science

Eight essays analyze the political and economic underpinnings of the 1980 presidential election and focus on relations between the power centers in American society and political events

Money and Free Speech

Author: Melvin I. Urofsky
Publisher:
ISBN: UOM:39015062578607
Release Date: 2005
Genre: Law

Money greases the wheels of American politics from the local level to the White House. In the 2004 presidential campaign, President George W. Bush alone raised nearly $400 million in private and public funds—nearly twenty times the combined total raised by John Kennedy and Richard Nixon in 1960—to defeat challenger John F. Kerry, further fueling anxiety over the power of money to dictate political results. Melvin Urofsky, one of our nation's most respected legal historians, takes a fresh look at efforts to rein in campaign spending and counter efforts in the courts to preserve the status quo. He offers a thoughtful and balanced overview of campaign finance reform and the legal responses to it, from the Progressive era through the Supreme Court's landmark ruling in McConnell v. FEC (2003) and its impact on the 2004 election. Urofsky focuses especially on the 1971 Federal Election Campaign Act and 2002 McCain-Feingold or Bipartisan Campaign Reform Act (BCRA), and on challenges to both in the Supreme Court. In Buckley v. Valeo (1976), the Court upheld contribution limits but struck down expenditure caps on First Amendment grounds. In McConnell it upheld the key provisions of McCain-Feingold. In both cases, however, opponents argued that congressional control of campaign financing was an unconstitutional infringement of the free speech rights of campaign contributors. Urofsky deftly steers the reader through this contentious and complex history, revealing how both Congress and the courts have navigated uneasily between the Scylla of potential corruption and the Charybdis of suppressing political speech. Ironically, despite the Court's decision upholding McCain-Feingold, the 2004 presidential election was the most expensive in history—because, as Urofsky notes, money is the mother's milk of politics and both candidates and donors will always find ways to keep it flowing. His book provides an excellent and succinct guide to the controversies and historical debates emerging from that fact.

Why Parties

Author: John H. Aldrich
Publisher: University of Chicago Press
ISBN: 9780226012759
Release Date: 2012-07-24
Genre: Political Science

Since its first appearance fifteen years ago, Why Parties? has become essential reading for anyone wishing to understand the nature of American political parties. In the interim, the party system has undergone some radical changes. In this landmark book, now rewritten for the new millennium, John H. Aldrich goes beyond the clamor of arguments over whether American political parties are in resurgence or decline and undertakes a wholesale reexamination of the foundations of the American party system. Surveying critical episodes in the development of American political parties—from their formation in the 1790s to the Civil War—Aldrich shows how they serve to combat three fundamental problems of democracy: how to regulate the number of people seeking public office, how to mobilize voters, and how to achieve and maintain the majorities needed to accomplish goals once in office. Aldrich brings this innovative account up to the present by looking at the profound changes in the character of political parties since World War II, especially in light of ongoing contemporary transformations, including the rise of the Republican Party in the South, and what those changes accomplish, such as the Obama Health Care plan. Finally, Why Parties? A Second Look offers a fuller consideration of party systems in general, especially the two-party system in the United States, and explains why this system is necessary for effective democracy.

The Business of America is Lobbying

Author: Lee Drutman
Publisher: Oxford University Press
ISBN: 9780190215538
Release Date: 2015-03-19
Genre: Political Science

Corporate lobbyists are everywhere in Washington. Of the 100 organizations that spend the most on lobbying, 95 represent business. The largest companies now have upwards of 100 lobbyists representing them. How did American businesses become so invested in politics? And what does all their money buy? Drawing on extensive data and original interviews with corporate lobbyists, The Business of America is Lobbying provides a fascinating and detailed picture of what corporations do in Washington, why they do it, and why it matters. Prior to the 1970s, very few corporations had Washington offices. But a wave of new government regulations and declining economic conditions mobilized business leaders. Companies developed new political capacities, and managers soon began to see public policy as an opportunity, not just a threat. Ever since, corporate lobbying has become increasingly more pervasive, more proactive, and more particularistic. Lee Drutman argues that lobbyists drove this development, helping managers to see why politics mattered, and how proactive and aggressive engagement could help companies' bottom lines. All this lobbying doesn't guarantee influence. Politics is a messy and unpredictable bazaar, and it is more competitive than ever. But the growth of lobbying has driven several important changes that make business more powerful. The status quo is harder to dislodge; policy is more complex; and, as Congress increasingly becomes a farm league for K Street, more and more of Washington's policy expertise now resides in the private sector. These and other changes increasingly raise the costs of effective lobbying to a level only businesses can typically afford. Lively and engaging, rigorous and nuanced, The Business of America is Lobbying will change how we think about lobbying-and how we might reform it.

The Foreign Policy Disconnect

Author: Benjamin I. Page
Publisher: University of Chicago Press
ISBN: 9780226644592
Release Date: 2008-09-15
Genre: Political Science

With world affairs so troubled, what kind of foreign policy should the United States pursue? Benjamin Page and Marshall Bouton look for answers in a surprising place: among the American people. Drawing on a series of national surveys conducted between 1974 and 2004, Page and Bouton reveal that—contrary to conventional wisdom—Americans generally hold durable, coherent, and sensible opinions about foreign policy. Nonetheless, their opinions often stand in opposition to those of policymakers, usually because of different interests and values, rather than superior wisdom among the elite. The Foreign Policy Disconnect argues that these gaps between leaders and the public are harmful, and that by using public opinion as a guideline policymakers could craft a more effective, sustainable, and democratic foreign policy. Page and Bouton support this argument by painting a uniquely comprehensive portrait of the military, diplomatic, and economic foreign policies Americans favor. They show, for example, that protecting American jobs is just as important to the public as security from attack, a goal the current administration seems to pursue single-mindedly. And contrary to some officials’ unilateral tendencies, the public consistently and overwhelmingly favors cooperative multilateral policy and participation in international treaties. Moreover, Americans’ foreign policy opinions are seldom divided along the usual lines: majorities of virtually all social, ideological, and partisan groups seek a policy that pursues the goals of security and justice through cooperative means. Written in a clear and engaging style, The Foreign Policy Disconnect calls, in an original voice, for a more democratic approach to creating such a policy.

The Price of Inequality How Today s Divided Society Endangers Our Future

Author: Joseph E. Stiglitz
Publisher: W. W. Norton & Company
ISBN: 9780393088694
Release Date: 2012-06-11
Genre: Business & Economics

Examines how the wealthy classes have contributed to growing inequality in society and explains how the quest to increase wealth has hindered the country's economic growth as well as its efforts to solve its most pressing economic problems.

Monetary Economies of Production

Author: Louis-Philippe Rochon
Publisher: Edward Elgar Publishing
ISBN: 9781781003954
Release Date: 2013-09-30
Genre: Business & Economics

With its central focus on money and its link with the production sphere, this book explores how best to adapt the fundamental ideas of the circulationist perspective to achieve a better understanding of the financialisation of the productive apparatus

The General Theory of Employment Interest and Money

Author: John Maynard Keynes
Publisher: Springer
ISBN: 9783319703442
Release Date: 2018-07-20
Genre: Business & Economics

This book was originally published by Macmillan in 1936. It was voted the top Academic Book that Shaped Modern Britain by Academic Book Week (UK) in 2017, and in 2011 was placed on Time Magazine's top 100 non-fiction books written in English since 1923. Reissued with a fresh Introduction by the Nobel-prize winner Paul Krugman and a new Afterword by Keynes’ biographer Robert Skidelsky, this important work is made available to a new generation. The General Theory of Employment, Interest and Money transformed economics and changed the face of modern macroeconomics. Keynes’ argument is based on the idea that the level of employment is not determined by the price of labour, but by the spending of money. It gave way to an entirely new approach where employment, inflation and the market economy are concerned. Highly provocative at its time of publication, this book and Keynes’ theories continue to remain the subject of much support and praise, criticism and debate. Economists at any stage in their career will enjoy revisiting this treatise and observing the relevance of Keynes’ work in today’s contemporary climate.

Who Will Tell The People

Author: William Greider
Publisher: Simon and Schuster
ISBN: 9781439128749
Release Date: 2010-05-11
Genre: Political Science

Who Will Tell the People is a passionate, eye-opening challenge to American democracy. Here is a tough-minded exploration of why we're in trouble, starting with the basic issues of who gets heard, who gets ignored, and why. Greider shows us the realities of power in Washington today, uncovering the hidden relationships that link politicians with corporations and the rich, and that subvert the needs of ordinary citizens. How do we put meaning back into public life? Greider shares the stories of some citizens who have managed to crack Washington's "Grand Bazaar" of influence peddling as he reveals the structures designed to thwart them. Without naiveté or cynicism, Greider shows us how the system can still be made to work for the people, and delineates the lines of battle in the struggle to save democracy. By showing us the reality of how the political decisions that shape our lives are made, William Greider explains how we can begin to take control once more.

Brokers Voters and Clientelism

Author: Susan C. Stokes
Publisher: Cambridge University Press
ISBN: 9781107042209
Release Date: 2013-09-23
Genre: Political Science

Brokers, Voters, and Clientelism studies distributive politics: how parties and governments use material resources to win elections. The authors develop a theory that explains why loyal supporters, rather than swing voters, tend to benefit from pork-barrel politics; why poverty encourages clientelism and vote buying; and why redistribution and voter participation do not justify non-programmatic distribution.

Why Nations Fail

Author: Daron Acemoglu
Publisher: Crown Books
ISBN: 9780307719225
Release Date: 2013-08
Genre: Business & Economics

An award-winning professor of economics at MIT and a Harvard University political scientist and economist evaluate the reasons that some nations are poor while others succeed, outlining provocative perspectives that support theories about the importance of institutions. Reprint.

America Beyond Capitalism

Author: Gar Alperovitz
Publisher: Democracy Collaborative Pres
ISBN: 9780984785704
Release Date: 2011-11
Genre: Political Science

2011 edition, with a new introduction by the author and a new foreword by James Gustave Speth As discontent with the economic and political status quo mounts in the wake of the "great recession," America Beyond Capitalism is a book whose time has come. Gar Alperovitz's expert diagnosis of the long-term structural crisis of the American economic and political system is accompanied by detailed, practical answers to the problems we face as a society. Unlike many books that reserve a few pages of a concluding chapter to offer generalized, tentative solutions, Alperovitz marshals years of research into emerging "new economy" strategies to present a comprehensive picture of practical bottom-up efforts currently underway in thousands of communities across the United States. All democratize wealth and empower communities, not corporations: worker-ownership, cooperatives, community land trusts, social enterprises, along with many supporting municipal, state and longer term federal strategies as well. America Beyond Capitalism is a call to arms, an eminently practical roadmap for laying foundations to change a faltering system that increasingly fails to sustain the great American values of equality, liberty and meaningful democracy. Gar Alperovitz is the Lionel R. Bauman Professor of Political Economy at the University of Maryland and co-founder of the Democracy Collaborative. He is the author of numerous books, including Unjust Deserts (with Lew Daly), Making a Place For Community (with Thad Williamson and David Imbroscio), Rebuilding America (with Jeff Faux) and, in connection with foreign policy, Atomic Diplomacy and The Decision to Use the Atomic Bomb.

The ABCs of Political Economy

Author: Robin Hahnel
Publisher: Pluto Press
ISBN: 0745318584
Release Date: 2002-11-20
Genre: Political Science

The ABCs of Political Economy is an accessible introduction to modern political economy. While informed by the work of Marx, Keynes, Veblen, Kalecki and other great political economists, Robin Hahnel teaches the reader the essential tools necessary to understand economic issues today from a modern perspective, searching for ways to replace the economics of competition and greed with the economics of equitable co-operation. The ABCs of Political Economy empowers people who are dissatisfied with today's economies but are often intimidated by conventional economic analysis. No previous economics background is assumed, and everything is explained in verbal form in eight core chapters. Examining the nature of today's economic market, issues of economic justice, macroeconomics and globalization, Robin Hahnel provides an ideal introduction to key economic ideas, offering a critical perspective on our present system and outlining clear alternatives for the future.