{"product_id":"the-american-political-economy-9780674027367","title":"The American Political Economy","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eA comprehensive and authoritative work on relationships between the economy and politics in the years from Eisenhower through Reagan. Hibbs identifies which groups win and lose from inflations and recessions and shows how voters' perceptions and reactions to economic events affect the electoral fortunes of political parties and presidents.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003eDouglas Hibbs is a leading figure in the field of comparative political economy… Reading (or rather rereading) these pieces does impress one with the significance of the issues Hibbs has tackled and the sophistication of his techniques. -- Daniel Pearson * Perspective *\u003cbr\u003eThe work is animated by the author’s Democratic partisanship and his strong command of complex analytical tools. Economic analysis is often placed in the service of political argument, but Hibbs does so with unusual sophistication. The results are familiar but their derivation is impressive. * Choice *\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003eIntroduction: A Framework for the Analysis of Macroeconomics and Electoral Politics   Macroeconomic and Institutional Background   The Demand for Economic Outcomes   The Supply of Economic Outcomes    I. MACROECONOMIC AND INSTITUTIONAL BACKGROUND    1. Postwar American Macroeconomic Performance in Historical Perspective   Growth and Unemployment   Inflation   The Bias toward Inflation   Monetary Policy, the Financial System, and Economic   Stabilization   Fiscal Policy and Economic Stabilization   The Security-Inflation Trade-Off    2. The Costs of Unemployment   Defining, Interpreting, and Measuring Unemployment   The Aggregate Costs of Unemployment   The Incidence of Unemployment   The Costs of Unemployment to Individuals    3. The Costs of Inflation   Defining and Measuring Inflation   Recent Trends and Fluctuations in the Underlying Inflation Rate   Inflation and the Distribution of Personal Income   Inflation and Personal Income Growth Rates   Inflation and Corporate Profitability   Saving, Investment, and Inflation   Inflation's True Costs    II. THE DEMAND FOR ECONOMIC OUTCOMES    4. Public Concern about Inflation and Unemployment   The Salience of the Economy as a Public Issue   The Distribution of Concern about Inflation and Unemployment in the General Electorate   The Distribution of Concern about Inflation and Unemployment among Income, Occupational, and Partisan Groups    5. Macroeconomic Performance and Mass Political Support for the President   The Political Support Model   Empirical Results   A Concluding Word on the Economy and Political Support for Presidents    6. Economic Performance and the 1980 and 1984 Elections   Landslide Elections in Recent History   Election Cycle Economics in 1980 and 1984   Rule-of-Thumb Statistical Models for Presidential Voting Outcomes   Evidence from the Surveys   Implications for the Future of Conservative Republicanism    III. THE SUPPLY OF ECONOMIC OUTCOMES   7. Political Parties and Macroeconomic Policies and Outcomes   The Party Cleavage Model   Unemployment and Real Output under the Parties   Empirical Results for the Models   Distributional Outcomes under the Parties   Macroeconomic Policies    8. Political Business Cycles   The Theory of Election Cycles   Empirical Analysis of Election Cycles   Election Cycles and Partisan Cycles   Politics and the Economy    9. Macroeconomic and Distributional Outcomes during Reagan's First Four Years   Macroeconomic Goals, Policies, and Outcomes under Reagan   Distributional Politics and Partisan Cleavages in Congress   Distributional Consequences of the Reagan Fiscal Program   The Legacy of Reaganomics to the American Political Economy    Notes   Index","brand":"Harvard University Press","offers":[{"title":"Default Title","offer_id":49403533295959,"sku":"9780674027367","price":37.36,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780674027367.jpg?v=1730483750","url":"https:\/\/bookcurl.com\/products\/the-american-political-economy-9780674027367","provider":"Book Curl","version":"1.0","type":"link"}