An Economic Theory of DemocracyHarper, 1957 - 310 pages This book seeks to elucidate its subject-the governing of democratic state-by making intelligible the party politics of democracies. Downs treats this differently than do other students of politics. His explanations are systematically related to, and deducible from, precisely stated assumptions about the motivations that attend the decisions of voters and parties and the environment in which they act. He is consciously concerned with the economy in explanation, that is, with attempting to account for phenomena in terms of a very limited number of facts and postulates. He is concerned also with the central features of party politics in any democratic state, not with that in the United States or any other single country. |
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... democracy . A second possible outcome is that each voter will decide that he is going to vote no matter what decision he has reached on election day . Having so decided , he cuts off the deliberation process at some point unpredictable ...
... democracy be- comes politically , the greater is government interference with the normal operation of the economy . 3. Uncertainty and costliness of information redistribute political power so as to offset the economic leveling tendency ...
... democracy is in one sense a reward for voting . We call the part of this reward the citizen receives at each election his long - run participation value . Of course , he will actually get this reward even if he himself does not vote as ...