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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... social functions are usually the by - products , and private ambitions the ends , of human action . This situation follows directly from the self - interest axiom . As Joseph Schumpeter cogently stated : It does not follow that the social ...
... social utility , the services rendered by this enterprise should belong in the category of public goods . " Peck also cites the formulation advanced by Erik Lindahl : According to Lindahl . . . the production of public goods should be ...
... social welfare is that they have been unable to agree either about what social welfare is or about how to determine what it is . Therefore they have concentrated their analysis upon the nature of the social welfare function - i.e ...