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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... party would have produced in period t if it had been in power . True , this ... differential , i.e. , the difference between the utility income he actually ... party differential . However , this conclusion does not mean that citizens in ...
... party differential to which it is applied as well as upon the bit itself . For a bit with given variance and given expected value , the larger is a voter's party differential , the smaller is the bit's expected pay - off , and the less ...
... party wins and ( 2 ) those citizens for whom information is most useful do not care who wins . In short , nobody has a very high incentive to acquire political informa- tion . C. WHY THE PARTY DIFFERENTIAL MUST BE DISCOUNTED Throughout ...