Political Responses to Economic Change

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (126 download)

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Book Synopsis Political Responses to Economic Change by : William Patrick Marble

Download or read book Political Responses to Economic Change written by William Patrick Marble and published by . This book was released on 2021 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The three papers comprising this dissertation investigate how economic conditions affect American politics. I pay particular attention to the politics of individual issue areas, drawing on theory from political economy and public opinion research. In the first paper, I address growing realignment along educational lines in American politics. Just as the returns to a college degree have increased in recent decades, the voting behavior of those with and without college degrees has changed. Working class white voters -- long a key Democratic constituency -- have turned to the Republican Party in recent decades. Meanwhile, the Democratic Party increasingly draws its support from college-educated white voters and racial minorities. Using survey data from 1984 to 2020 and an issue voting framework, I show that this realignment corresponds with three trends. First, while college-educated white voters have long been more liberal on cultural issues, they are now also more liberal than those without college degrees on issues of redistribution. Across a variety of issues, college-educated voters now stand to the left of the working class, pushing them toward the Democratic Party. Second, I exploit variation in local labor markets to show that growing income inequality between college- and non-college workers has contributed to the leftward economic shift of college-educated voters. Third, since the early 2000s, non-college voters have come to base their votes on cultural issues to the same degree as college-educated voters. For decades, cultural issues have pushed college-educated voters towards Democrats; however, only in recent years have those issues pushed non-college voters toward Republicans. In sum, the educational realignment among white voters is due to increasingly liberalism among the college-educated and an increased salience of cultural issues for those without college degrees. This finding has implications for the politics of redistribution, fiscal policy, and populism. In the second paper, I investigate the effect that local economic conditions have on candidates' campaign messaging. While local economies are diverging, political behavior appears to have nationalized -- potentially presenting an accountability problem if politicians are not responsive to the conditions within their districts. I draw on televised campaign advertisements to measure the issues that congressional candidates prioritize in their campaigns, and relate them to local labor market conditions. Despite growing political nationalization, I find that candidates are responsive to the economic conditions that their constituents face. Candidates in high-unemployment areas focus their campaigns on jobs and employment, while decreasing emphasis on the safety net. The magnitude of these effects varies by party in a way consistent with strategic issue emphasis. These findings suggest that economic geography helps to constrain political nationalization. The final paper, co-authored with Clayton Nall, studies the politics of local housing development -- a policy area made more important by rising geographic inequality. In high-opportunity metro areas -- which are often liberal on matters of national politics -- local political constraints on housing construction increase home prices. This affordability problem benefits current homeowners at the expense of lower-income renters, who may be priced out of the nation's most productive regions. We investigate the cross-pressuring that liberal homeowners may experience on matters of local land use. We find that self-interest, rather than ideology, structures citizens' attitudes toward building more housing. Liberal homeowners tend to oppose housing development, even when reminded of the benefits for poorer families. In contrast, renters of all political orientations show much higher support for new housing construction. This finding suggests that local governments, which are often beholden to incumbent homeowners, are unlikely to solve the affordability crisis on their own. Moreover, it suggests that public opinion over local policies -- which often present large, easily identifiable consequences -- do not map neatly onto national-level political ideology.

Politics in Hard Times

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Publisher : Cornell University Press
ISBN 13 : 9780801494369
Total Pages : 276 pages
Book Rating : 4.4/5 (943 download)

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Book Synopsis Politics in Hard Times by : Peter Alexis Gourevitch

Download or read book Politics in Hard Times written by Peter Alexis Gourevitch and published by Cornell University Press. This book was released on 1986 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Politics in Hard Times, Peter Gourevitch explores the common political factors that shape economic policy choices. He focuses on three periods of economic crisis--1873-1896, 1929-1949, and 1971 to the present--and compares policy choices made in Britain, France, Germany, Sweden, and the United States.

Political Responses to Economic Change

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.4/5 (944 download)

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Book Synopsis Political Responses to Economic Change by : William Marble

Download or read book Political Responses to Economic Change written by William Marble and published by . This book was released on 2021 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The United States economy has undergone profound changes over the past half century. The earlier manufacturing-based economy -- paired with abundant cheap housing, the presence of strong unions, and affordable education -- provided a pathway for Americans to secure a comfortable life. Poorer areas grew faster than richer areas, generating economic convergence across different parts of the country. Over the past 50 years, however, the U.S. has transitioned away from manufacturing to a servicebased economy in which ideas and innovation are highly rewarded. Outsourcing, technological change, and the decline of the labor movement have all contributed to a decline in the prevalence and status of the blue-collar jobs that led to a secure middleclass lifestyle in generations past. The result is a growing gap between the winners and losers in the “knowledge economy.” Highly educated workers clustered in large metro regions have benefited, while workers without college degrees -- especially those in rural areas -- have seen their economic fortunes stagnate (Moretti 2012; Autor 2019; Ganong and Shoag 2017). Motivated by these changes to the American economy, the three papers comprising this dissertation investigate how economic conditions affect American politics. I pay particular attention to the politics of individual issue areas, drawing on theory from political economy and public opinion research.In the first paper, I address growing realignment along educational lines in American politics. Just as the returns to a college degree have increased in recent decades, the voting behavior of those with and without college degrees has changed. Working class white voters -- long a key Democratic constituency -- have turned to the Republican Party in recent decades. Meanwhile, the Democratic Party increasingly draws its support from college-educated white voters and racial minorities. Using survey data from 1984 to 2020 and an issue voting framework, I show that this realignment corresponds with three trends. First, while college-educated white voters have long been more liberal on cultural issues, they are now also more liberal than those without college degrees on issues of redistribution. Across a variety of issues, college-educated voters now stand to the left of the working class, pushing them toward the Democratic Party. Second, I exploit variation in local labor markets to show that growing income inequality between college- and non-college workers has contributed to the leftward economic shift of college-educated voters. Third, since the early 2000s, non-college voters have come to base their votes on cultural issues to the same degree as college-educated voters. For decades, cultural issues have pushed college-educated voters towards Democrats; however, only in recent years have those issues pushed non-college voters toward Republicans. In sum, the educational realignment among white voters is due to increasingly liberalism among the college-educated and an increased salience of cultural issues for those without college degrees. This finding has implications for the politics of redistribution, fiscal policy, and populism.In the second paper, I investigate the effect that local economic conditions have on candidates' campaign messaging. While local economies are diverging, political behavior appears to have nationalized -- potentially presenting an accountability problem if politicians are not responsive to the conditions within their districts.

The Political Process and Economic Change

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Publisher : Algora Publishing
ISBN 13 : 087586273X
Total Pages : 254 pages
Book Rating : 4.8/5 (758 download)

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Book Synopsis The Political Process and Economic Change by : Bruno S. Frey

Download or read book The Political Process and Economic Change written by Bruno S. Frey and published by Algora Publishing. This book was released on 2007 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book, 10 international scholars examine the complex relationship between the economy and the polity from a scientific rather than an ideological point of view. In so doing, they present an overview of the exciting new work now being done, the main ideas and controversies now prevalent, and the new approaches to the study of political economy now being pursued.

Understanding the Process of Economic Change

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Publisher : Princeton University Press
ISBN 13 : 1400829488
Total Pages : 200 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis Understanding the Process of Economic Change by : Douglass C. North

Download or read book Understanding the Process of Economic Change written by Douglass C. North and published by Princeton University Press. This book was released on 2010-04-19 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this landmark work, a Nobel Prize-winning economist develops a new way of understanding the process by which economies change. Douglass North inspired a revolution in economic history a generation ago by demonstrating that economic performance is determined largely by the kind and quality of institutions that support markets. As he showed in two now classic books that inspired the New Institutional Economics (today a subfield of economics), property rights and transaction costs are fundamental determinants. Here, North explains how different societies arrive at the institutional infrastructure that greatly determines their economic trajectories. North argues that economic change depends largely on "adaptive efficiency," a society's effectiveness in creating institutions that are productive, stable, fair, and broadly accepted--and, importantly, flexible enough to be changed or replaced in response to political and economic feedback. While adhering to his earlier definition of institutions as the formal and informal rules that constrain human economic behavior, he extends his analysis to explore the deeper determinants of how these rules evolve and how economies change. Drawing on recent work by psychologists, he identifies intentionality as the crucial variable and proceeds to demonstrate how intentionality emerges as the product of social learning and how it then shapes the economy's institutional foundations and thus its capacity to adapt to changing circumstances. Understanding the Process of Economic Change accounts not only for past institutional change but also for the diverse performance of present-day economies. This major work is therefore also an essential guide to improving the performance of developing countries.

Fiscal Policy after the Financial Crisis

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Publisher : University of Chicago Press
ISBN 13 : 022601844X
Total Pages : 596 pages
Book Rating : 4.2/5 (26 download)

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Book Synopsis Fiscal Policy after the Financial Crisis by : Alberto Alesina

Download or read book Fiscal Policy after the Financial Crisis written by Alberto Alesina and published by University of Chicago Press. This book was released on 2013-06-25 with total page 596 pages. Available in PDF, EPUB and Kindle. Book excerpt: The recent recession has brought fiscal policy back to the forefront, with economists and policy makers struggling to reach a consensus on highly political issues like tax rates and government spending. At the heart of the debate are fiscal multipliers, whose size and sensitivity determine the power of such policies to influence economic growth. Fiscal Policy after the Financial Crisis focuses on the effects of fiscal stimuli and increased government spending, with contributions that consider the measurement of the multiplier effect and its size. In the face of uncertainty over the sustainability of recent economic policies, further contributions to this volume discuss the merits of alternate means of debt reduction through decreased government spending or increased taxes. A final section examines how the short-term political forces driving fiscal policy might be balanced with aspects of the long-term planning governing monetary policy. A direct intervention in timely debates, Fiscal Policy after the Financial Crisis offers invaluable insights about various responses to the recent financial crisis.

Mass Politics in Tough Times

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Publisher : Oxford University Press, USA
ISBN 13 : 019935751X
Total Pages : 402 pages
Book Rating : 4.1/5 (993 download)

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Book Synopsis Mass Politics in Tough Times by : Nancy Bermeo

Download or read book Mass Politics in Tough Times written by Nancy Bermeo and published by Oxford University Press, USA. This book was released on 2014 with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Mass Politics in Tough Times, the eminent political scientists Larry Bartels and Nancy Bermeo have gathered a group of leading scholars to analyze the political responses to the Great Recession in the US, Western Europe, and East-Central Europe.

Economic and Political Change after Crisis

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Publisher : Routledge
ISBN 13 : 1315505673
Total Pages : 246 pages
Book Rating : 4.3/5 (155 download)

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Book Synopsis Economic and Political Change after Crisis by : Stephen H. Balch

Download or read book Economic and Political Change after Crisis written by Stephen H. Balch and published by Routledge. This book was released on 2016-10-04 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. Government’s accumulated national debt and unfunded liabilities in social security and Medicare could be pushing the country towards a fiscal crisis. How could such a crisis be avoided? If a crisis does strike, how might it be dealt with? What might be the long term ramifications of experiencing a crisis? The contributors to Economic and Political Change After Crisis explore all of these questions and more. The book begins by exploring how past crises have permanently increased the size and scope of government and how well the rule of law has been maintained during these crises. Chapters explore how these relationships might change in a future crisis and examine how the structure of the U.S. government contributes to a tendency towards fiscal imbalance. In a provocative contribution, the authors predict a U.S. government default on its debt. The book concludes by considering how a fiscal crisis might precipitate or interact with other forms of crises. Social scientists from a variety of disciplines, public policy makers, and concerned members of the general public would all benefit from the contributions contained in this book. If the U.S. is going to avoid a future crisis, or do as well as possible if a crisis occurs, the arguments in these chapters should be given serious consideration.

Making Politics Work for Development

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Publisher : World Bank Publications
ISBN 13 : 1464807744
Total Pages : 350 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Making Politics Work for Development by : World Bank

Download or read book Making Politics Work for Development written by World Bank and published by World Bank Publications. This book was released on 2016-07-14 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt: Governments fail to provide the public goods needed for development when its leaders knowingly and deliberately ignore sound technical advice or are unable to follow it, despite the best of intentions, because of political constraints. This report focuses on two forces—citizen engagement and transparency—that hold the key to solving government failures by shaping how political markets function. Citizens are not only queueing at voting booths, but are also taking to the streets and using diverse media to pressure, sanction and select the leaders who wield power within government, including by entering as contenders for leadership. This political engagement can function in highly nuanced ways within the same formal institutional context and across the political spectrum, from autocracies to democracies. Unhealthy political engagement, when leaders are selected and sanctioned on the basis of their provision of private benefits rather than public goods, gives rise to government failures. The solutions to these failures lie in fostering healthy political engagement within any institutional context, and not in circumventing or suppressing it. Transparency, which is citizen access to publicly available information about the actions of those in government, and the consequences of these actions, can play a crucial role by nourishing political engagement.

The Political Economy of Organizational Change

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Publisher :
ISBN 13 :
Total Pages : 218 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis The Political Economy of Organizational Change by : Bruce Jacobs

Download or read book The Political Economy of Organizational Change written by Bruce Jacobs and published by . This book was released on 1981 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Latin American Political Economy

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Publisher : Routledge
ISBN 13 : 0429698062
Total Pages : 401 pages
Book Rating : 4.4/5 (296 download)

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Book Synopsis Latin American Political Economy by : Jonathan Hartlyn

Download or read book Latin American Political Economy written by Jonathan Hartlyn and published by Routledge. This book was released on 2019-03-05 with total page 401 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book considers the historical and contemporary determinants of the financial crisis facing Latin America from a political economy perspective and compares the effects of and responses to the crisis in a number of countries. It discusses the internal policy errors that led to financial blow-ups.

The American Political Economy

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Publisher : Cambridge University Press
ISBN 13 : 1316516369
Total Pages : 487 pages
Book Rating : 4.3/5 (165 download)

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Book Synopsis The American Political Economy by : Jacob S. Hacker

Download or read book The American Political Economy written by Jacob S. Hacker and published by Cambridge University Press. This book was released on 2021-11-11 with total page 487 pages. Available in PDF, EPUB and Kindle. Book excerpt: Drawing together leading scholars, the book provides a revealing new map of the US political economy in cross-national perspective.

The Wolf at the Door

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Publisher :
ISBN 13 : 0674980883
Total Pages : 369 pages
Book Rating : 4.6/5 (749 download)

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Book Synopsis The Wolf at the Door by : Michael J. Graetz

Download or read book The Wolf at the Door written by Michael J. Graetz and published by . This book was released on 2020 with total page 369 pages. Available in PDF, EPUB and Kindle. Book excerpt: The acclaimed authors of Death by a Thousand Cuts argue that Americans care less about inequality than about their own insecurity. Michael Graetz and Ian Shapiro propose realistic policies and strategies to make lives and communities more secure. This is an age of crisis. That much we can agree on. But a crisis of what? And how do we get out of it? Many on the right call for tax cuts and deregulation. Others on the left rage against the top 1 percent and demand wholesale economic change. Voices on both sides line up against globalization: restrict trade to protect jobs. In The Wolf at the Door, two leading political analysts argue that these views are badly mistaken. Michael Graetz and Ian Shapiro focus on what really worries people: not what the rich are making but rather their own insecurity and that of people close to them. Americans are concerned about losing what they have, whether jobs, status, or safe communities. They fear the wolf at the door. The solution is not protectionism or class warfare but a return to the hard work of building coalitions around realistic goals and pursuing them doggedly through the political system. This, Graetz and Shapiro explain, is how earlier reformers achieved meaningful changes, from the abolition of the slave trade to civil rights legislation. The authors make substantial recommendations for increasing jobs, improving wages, protecting families suffering from unemployment, and providing better health insurance and child care, and they guide us through the strategies needed to enact change. These are achievable reforms that would make Americans more secure. The Wolf at the Door is one of those rare books that not only diagnose our problems but also show us how we can address them.

Economic Shocks and Authoritarian Stability

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Publisher :
ISBN 13 : 0472037676
Total Pages : 271 pages
Book Rating : 4.4/5 (72 download)

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Book Synopsis Economic Shocks and Authoritarian Stability by : Victor C. Shih

Download or read book Economic Shocks and Authoritarian Stability written by Victor C. Shih and published by . This book was released on 2020 with total page 271 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Economic Shocks and Authoritarian Stability hones in on the economic challenges facing authoritarian regimes through a set of comparative case studies, which include Iran, Iraq under Saddam Hussein, Malaysia, Indonesia, Russia, the Eastern bloc countries, China, and Taiwan, authored by the top experts in these countries. Through these comparative case studies, this volume provides readers with the analytical tools for assessing whether the current round of economic shocks will lead to political instability or even regime change among the world's autocracies. This volume identifies the duration of economic shocks, the regime's control over the financial system, and the strength of the ruling party as key variables to explain whether authoritarian regimes would maintain the status quo, adjust their support coalitions, or fall from power after economic shocks"--

Economic Dignity

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Publisher : Penguin
ISBN 13 : 1984879898
Total Pages : 385 pages
Book Rating : 4.9/5 (848 download)

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Book Synopsis Economic Dignity by : Gene Sperling

Download or read book Economic Dignity written by Gene Sperling and published by Penguin. This book was released on 2021-10-12 with total page 385 pages. Available in PDF, EPUB and Kindle. Book excerpt: “Timely and important . . . It should be our North Star for the recovery and beyond.” —Hillary Clinton “Sperling makes a forceful case that only by speaking to matters of the spirit can liberals root their belief in economic justice in people’s deepest aspirations—in their sense of purpose and self-worth.” —The New York Times When Gene Sperling was in charge of coordinating economic policy in the Obama White House, he found himself surprised when serious people in Washington told him that the Obama focus on health care was a distraction because it was “not focused on the economy.” How, he asked, was the fear felt by millions of Americans of being one serious illness away from financial ruin not considered an economic issue? Too often, Sperling found that we measured economic success by metrics like GDP instead of whether the economy was succeeding in lifting up the sense of meaning, purpose, fulfillment, and security of people. In Economic Dignity, Sperling frames the way forward in a time of wrenching change and offers a vision of an economy whose guiding light is the promotion of dignity for all Americans.

Economic Crises and the Breakdown of Authoritarian Regimes

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Publisher : Cambridge University Press
ISBN 13 : 1139480413
Total Pages : 345 pages
Book Rating : 4.1/5 (394 download)

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Book Synopsis Economic Crises and the Breakdown of Authoritarian Regimes by : Thomas B. Pepinsky

Download or read book Economic Crises and the Breakdown of Authoritarian Regimes written by Thomas B. Pepinsky and published by Cambridge University Press. This book was released on 2009-08-17 with total page 345 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why do some authoritarian regimes topple during financial crises, while others steer through financial crises relatively unscathed? In this book, Thomas B. Pepinsky uses the experiences of Indonesia and Malaysia and the analytical tools of open economy macroeconomics to answer this question. Focusing on the economic interests of authoritarian regimes' supporters, Pepinsky shows that differences in cross-border asset specificity produce dramatically different outcomes in regimes facing financial crises. When asset specificity divides supporters, as in Indonesia, they desire mutually incompatible adjustment policies, yielding incoherent adjustment policy followed by regime collapse. When coalitions are not divided by asset specificity, as in Malaysia, regimes adopt radical adjustment measures that enable them to survive financial crises. Combining rich qualitative evidence from Southeast Asia with cross-national time-series data and comparative case studies of Latin American autocracies, Pepinsky reveals the power of coalitions and capital mobility to explain how financial crises produce regime change.

The Politics of Economic Adjustment

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Publisher : Princeton University Press
ISBN 13 : 9780691003948
Total Pages : 380 pages
Book Rating : 4.0/5 (39 download)

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Book Synopsis The Politics of Economic Adjustment by : Stephan Haggard

Download or read book The Politics of Economic Adjustment written by Stephan Haggard and published by Princeton University Press. This book was released on 1992 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a collection of essays offering comparative analysis of the divergent experiences of developing countries responding to economic crises by adopting macroeconomic stabilization and structural adjustment policies.