Golden Rule: The Investment Theory of Party Competition a... and over one million other books are available for Amazon Kindle. Learn more
Qty:1
  • List Price: $30.00
  • Save: $1.50 (5%)
FREE Shipping on orders over $35.
In Stock.
Ships from and sold by Amazon.com.
Gift-wrap available.
FREE Shipping on orders over $35.
Used: Very Good | Details
Condition: Used: Very Good
Comment: clean used copy with general use wear, intact, fast shipping
Access codes and supplements are not guaranteed with used items.
Trade in your item
Get a $2.30
Gift Card.
Have one to sell? Sell on Amazon
Flip to back Flip to front
Listen Playing... Paused   You're listening to a sample of the Audible audio edition.
Learn more
See all 2 images

Golden Rule: The Investment Theory of Party Competition and the Logic of Money-Driven Political Systems (American Politics and Political Economy Series) Paperback – June 15, 1995

ISBN-13: 978-0226243177 ISBN-10: 0226243176 Edition: 1st

Buy New
Price: $28.50
31 New from $23.20 29 Used from $16.82
Amazon Price New from Used from
Kindle
"Please retry"
Paperback
"Please retry"
$28.50
$23.20 $16.82
Free%20Two-Day%20Shipping%20for%20College%20Students%20with%20Amazon%20Student


Frequently Bought Together

Golden Rule: The Investment Theory of Party Competition and the Logic of Money-Driven Political Systems (American Politics and Political Economy Series) + The American Congress Reader
Price for both: $76.71

Buy the selected items together
  • The American Congress Reader $48.21

NO_CONTENT_IN_FEATURE

Best Books of the Month
Best Books of the Month
Want to know our Editors' picks for the best books of the month? Browse Best Books of the Month, featuring our favorite new books in more than a dozen categories.

Product Details

  • Series: American Politics and Political Economy Series
  • Paperback: 440 pages
  • Publisher: University Of Chicago Press; 1 edition (June 15, 1995)
  • Language: English
  • ISBN-10: 0226243176
  • ISBN-13: 978-0226243177
  • Product Dimensions: 6.1 x 1 x 9 inches
  • Shipping Weight: 1.3 pounds (View shipping rates and policies)
  • Average Customer Review: 5.0 out of 5 stars  See all reviews (2 customer reviews)
  • Amazon Best Sellers Rank: #486,673 in Books (See Top 100 in Books)

More About the Author

Discover books, learn about writers, read author blogs, and more.

Customer Reviews

5.0 out of 5 stars
5 star
2
4 star
0
3 star
0
2 star
0
1 star
0
See both customer reviews
Share your thoughts with other customers

Most Helpful Customer Reviews

31 of 31 people found the following review helpful By Rodolfo Lazo de la Vega on December 27, 2010
Format: Paperback
The central foundational principle of the capitalist nation-state is that it is a reflection of its economic constituencies. Those who own and control the means of production shape the state in the form that they desire. This truism - that money runs politics - is the central argument of Thomas Ferguson's "Golden Rule." He begins by asking what are political parties? They are organizations composed of blocs of major investors who come together to advance favored candidates in order to control the state. They do this through direct cash contributions and by providing organizational support through the making available of sources of contacts, fundraisers and institutional legitimation. Candidates are invested in like stocks. For them electoral success is dependent on establishing the broadest base of elite support. Candidates whom have best *internalized* investor values see their "portfolios" grow exponentially at the expense of candidates who have not internalized these values. So what you have is a filtering system in which only the most indoctrinated and business friendly of the intellectual class advance to state power. The higher you go up the ladder the more you've appealed to elite interests. Representatives of the major investors are also often chosen to fill political appointments after a favored candidate has achieved office. This political-economic model helps explain why the state largely functions to serve elite business interests on the domestic and international stages.

Of course, corporate interests vary and evolve. Capital-intensive corporations tend to invest in Democratic politicians. Labor-intensive corporations tend to invest in Republicans. That's because capital-intensive corporations can afford to sit in a party which also represent organized labor.
Read more ›
2 Comments Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again
29 of 30 people found the following review helpful By J. Gwinn on June 11, 2009
Format: Paperback
Thomas Ferguson argues the US two party system functions as a mediator between conflicting business interests. Through case studies (primarily the New Deal era) Ferguson persuasively backs his argument.

During the New Deal era, Ferguson contends the Democratic party was controlled by capital intensive "free trade" multinational businesses vs the Republican party which was dominated partly by labor intensive "protectionist" industry.

Who were the multinational interests? (siding with Democrats) Major oil companies/ Rockefeller dominated banking e.g.,standard oil,chase manhatten. General Electric was also a major player.

Who were the labor intensive/protectionist interests? (Siding with Republicans)Textiles,Steel,Domestic oil producers and rubber manufacturers. Capital intensive Chemical industries led by Dupont lobbied for protection due to competition from Germany....Also JP Morgan due to interlocks with certian holding companies which partly separated Morgan Interests from Rockefeller financial interests.

A fascinating study! The capital intensive industries favored labor mediation/social welfare while the labor intensive industries lobbied against. Ferguson follows the paper trail which shows GE interests strongly influencing the creation of the national labor relations board while the Social security act was the brainchild of Rockeller interests. From ferguson's point of view, business reacted to class conflict by creating top down business oriented reforms in reaction to labor unrest.

Much more to Ferguson's research. I highly recommend this book. Don't let the copywrite fool you...Ferguson's work is a timeless classic and will be used as source for years to come.
Comment Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again

What Other Items Do Customers Buy After Viewing This Item?