An Economic Theory of DemocracyThis 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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... ceteris paribus , when the utility loss caused by his marginal tax payment , or by the marginal inflationary movement in case of deficit financing , is equal to the utility gain yielded by the marginal benefit he receives from ...
... ceteris paribus , because it moves him closer to being 100 percent informed . For this reason , the more data a man has , the less he must discount his estimated return from voting correctly . It is conceivable that indifference might ...
... ceteris paribus.8 ( Derived from Chapter 14. ) Proposition 20 : If proposition 19 is true , the reasons for higher abstention among low - income classes are ( a ) greater uncertainty caused by the inability to bear information costs and ...