Political Control of the Economy
| Edward R. Tufte (Author) Find all the books, read about the author, and more. See search results for this author |
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Speculations about the effects of politics on economic life have a long and vital tradition, but few efforts have been made to determine the precise relationship between them. Edward Tufte, a political scientist who covered the 1976 Presidential election for Newsweek, seeks to do just that. His sharp analyses and astute observations lead to an eye-opening view of the impact of political life on the national economy of America and other capitalist democracies.
The analysis demonstrates how politicians, political parties, and voters decide who gets what, when, and how in the economic arena. A nation's politics, it is argued, shape the most important aspects of economic life--inflation, unemployment, income redistribution, the growth of government, and the extent of central economic control. Both statistical data and case studies (based on interviews and Presidential documents) are brought to bear on four topics. They are: 1) the political manipulation of the economy in election years, 2) the new international electoral-economic cycle, 3) the decisive role of political leaders and parties in shaping macroeconomic outcomes, and 4) the response of the electorate to changing economic conditions. Finally, the book clarifies a central question in political economy: How can national economic policy be conducted in both a democratic and a competent fashion?
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Editorial Reviews
Review
"Of late, a growing number of political scientists and economists have been attempting to see if there is a relationship, here and abroad, between the ‘political cycle' (that is, periodic elections) and the business cycle (the ups and downs of various measures of economic well-being). The most recent, lucid, and comprehensive of these studies is the brilliant book by Edward R. Tufte."---James Q. Wilson, Commentary
"Will nourish political junkies everywhere.Read it. It's short, jargon-free, readable, informative, and free of ideological axes, which is saying a lot for a book about the 'dismal science.'"---Mark Green, Washington Post Book World
"A theoretically elegant and methodologically sophisticated analysis of the systematic linkage between national politics and macroeconomic policies in the world's major democracies.This is political science at its best." ― Choice
"[A] crisp and convincing study of perhaps the central issue in the political economy of major democratic societies today." ― Foreign Affairs
Product details
- Publisher : Princeton University Press (May 1, 1980)
- Language : English
- Paperback : 192 pages
- ISBN-10 : 0691021805
- ISBN-13 : 978-0691021805
- Item Weight : 8 ounces
- Dimensions : 5.51 x 0.47 x 8.43 inches
- Best Sellers Rank: #2,188,729 in Books (See Top 100 in Books)
- #2,092 in Economic Policy
- #2,490 in Economic Policy & Development (Books)
- #11,205 in History & Theory of Politics
- Customer Reviews:
About the author

Statistician/visualizer/artist Edward Tufte is Professor Emeritus of Political Science, Statistics, and Computer Science at Yale University. He wrote, designed, and self-published 5 classic books on data visualization.
The New York Times described Tufte as the "Leonardo da Vinci of data," and Bloomberg as the "Galileo of graphics."
Having completed his book Seeing With Fresh Eyes: Meaning, Space, Data, Truth, ET is now constructing a 234-acre tree farm and sculpture park in northwest Connecticut, which will show his artworks and remain open space in perpetuity.
He founded Graphics Press, ET Modern Gallery/Studio, and Hogpen Hill Farms.
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This dynamic is a two-way street. On the one hand, he notes that the state of the economy has an effect on elections. Is the economy in bad shape? The incumbent party takes a beating. Is the economy healthy? The incumbent party may reap some rewards.
Hmmm. On the other hand, would that not suggest that the party in power would engage in manipulation of the economy for electoral gain?
Tufte also provides some evidence that the party in power will work to "juice up" the economy in an election year. One story: Richard Nixon sending a personal note to all retirees about his administration having increased Social Security payments (coincidentally, the note arrived just before a presidential election, in October of 1972).
A golden oldie that still has relevance today. . . .





