Capitalism and Freedom: Fortieth Anniversary Edition
Average customer rating: 4 out of 5 stars
  • The Godfather of the Libertarian Movement
  • The Hobo Philosopher
  • More Capitalist Rhetoric
  • Like him or not - important to know
  • Brilliant
Capitalism and Freedom: Fortieth Anniversary Edition
Milton Friedman
Manufacturer: University Of Chicago Press
ProductGroup: Book
Binding: Paperback

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ASIN: 0226264211

Book Description

Selected by the Times Literary Supplement as one of the "hundred most influential books since the war"

How can we benefit from the promise of government while avoiding the threat it poses to individual freedom? In this classic book, Milton Friedman provides the definitive statement of his immensely influential economic philosophy—one in which competitive capitalism serves as both a device for achieving economic freedom and a necessary condition for political freedom. The result is an accessible text that has sold well over half a million copies in English, has been translated into eighteen languages, and shows every sign of becoming more and more influential as time goes on.

Customer Reviews:

4 out of 5 stars The Godfather of the Libertarian Movement.......2007-09-17

An absolute classic work in the areas of Laissez Faire economics and libertarianism. While not everyone in the libertarian movement idolizes Dr. Friedman, his work was written in such a clear and accessible way that it introduced classical liberalism to a generation of people in the 1960's, who were big government Keynesians. Friedman fought for individual liberty, and while he wasn't an anarcho-capitalist by any means and sometimes uses government to solve problems, he is still the godfather of the libertarian movement and the libertarian movement would not be where it is today without Dr. Friedman.

3 out of 5 stars The Hobo Philosopher.......2007-09-14

I hate to be so outspoken on a review of a book. But I find this gentleman elemental, childish and silly. On top of all of that I do not believe that he is entirely sincere. This man was a statistician and "accountant" not a theoretician. He actually won the Nobel Prize. This I find very hard to believe. I have not given up on him though. But I have yet to find anything that he has written that I can get past the introduction. The more I read of what he has to say the worse it gets.

1 out of 5 stars More Capitalist Rhetoric.......2007-08-07

Clearly he overlooks the basic concepts of political economy in an effort to advocate for capitalist societies. Moreover, he fails to confront the basic questions of inequality which is characteristic in capitalist societies.

Friedman asserts that communism and socialism are mere tools of totalitarian regimes as if he's even attempted to study marx. This book is extremely lopsided and narrow in its praise for a system that has accounted for much pain in the world.

If your looking for a balanced intellectual perspective, look else where. However, I will recommend this book after gaining a true foundation on the study of political economy; try Adam Smith, Karl Marx, John Locke, James Mill, Keynes, Proudhon, Ricardo, Owen, Engels, etc.

3 out of 5 stars Like him or not - important to know.......2007-07-26

Overview / Review: Milton Friedman, like him or hate him, is an essential economic theorist to tackle if one is interested in that field or in theories of economic justice. Having a progressive bias, I disagree strongly with many Friedman's theories. Having said that, for anyone interested in getting the essentials of his "liberal" (used in the older, more classic sense) economic views would do well to read this book. Friedman is opposed to state intervention in individual freedom, so many see Friedman as a modern counterpart to Adam Smith. Friedman advocates a free-market economy, with minimal taxation and government interference, because he believes the free market approach assures the greatest measure of freedom, justice, and overall affluence. Many modern conservatives have echoed the arguments he makes herein.
Friedman is actually convincing in his review on a few counts - the abuse of licensure, the problems of tax loopholes, and the fact that there are frequent shortcomings of the well-intended social welfare state. Having said that, however, Friedman does seem unduly biased in favor of a society so individualistic it is therefore almost atomistic, with little to no social cohesion. Some of his arguments are more assertions and claims than full-blown arguments, and one wishes he had addressed major issues in more detail (perhaps he does elsewhere). The book's virtue is that it is brief, but its weakness is also that its arguments are often too brief, and too compact. Karl Marx for example, has many faults in his theory that can be found, but Friedman too casually blows off Marx in about one page of analysis (Chapter 10, p. 167-8). Friedman's argument for a very limited government, and against socialism/communism, would have been more convincing if he had devoted a full chapter to Marx for one, and more attention to other matters of social justice, inequality, and oppression.
In a nutshell: this book encapsulates Friedman's "liberal" or laissez-faire approach to a wide range of issues on economics, government, and capitalism. The free individual is given utmost importance, and government that governs best is that which governs (or interferes) least in his Friedman's view. Not convincing from the standpoint of those interested in progressive social justice (Niebuhr's views on selfishness and power are more cogent), but essential to read and analyze if one is interested in economics and ethics.

5 out of 5 stars Brilliant.......2007-07-05

Friedman was America's preeminent economists that explained the connection between Political and Economic freedom without the signature econo-techno-babble that is the vernacular of lesser economists. This book should be REQUIRED reading for all high school, or at the very least, college students. I enjoyed it immensely and will be wary of "too many dollars chasing too few goods"!
History: Fiction or Science? (Chronology, No. 1)
Average customer rating: 4.5 out of 5 stars
  • Calculations are only as good as your numbers
  • Pants on fire?
  • Accepted History & Chronology Must Be Changed.
  • Very Interesting
  • History as Science Fiction
History: Fiction or Science? (Chronology, No. 1)
Anatoly Fomenko
Manufacturer: Mithec
ProductGroup: Book
Binding: Paperback

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ASIN: 2913621058

Book Description

Recorded history is a finely-woven magic fabric of intricate lies about events predating the sixteenth century. There is not a single piece of evidence that can be reliably and independently traced back earlier than the eleventh century. This book details events that are substantiated by hard facts and logic, and validated by new astronomical research and statistical analysis of ancient sources.

Customer Reviews:

3 out of 5 stars Calculations are only as good as your numbers.......2007-08-03

Yes, we can all agree that mainstream history is nearly 100% BS due to politics, economics, ego, problems with dating techniques, and various conspiracies. Agreed. But, I've been researching the distinct possibility that human history (in terms of civilizations) are much more ancient than we've been told, so coming across this book was very interesting to me. I wondered how Fomenko could be wrong (if at all) because he is very persuasive in his presentations. Then it dawned on me. If at previous times in prehistory, due to the various catastrophies that are well documented (comets, asteroids, planetary disruptions, plasma discharge, pole reversals, etc) the Earth was in a different position in relation to the sun, different tilt on its axis, different orbit, different rotation (in terms of velocity and DIRECTION), and the continents were in different positions, then would this not cause the ancients to see the sky (constellations) differently? In other words, is Fomenko making erronious assumptions about the physics of the Earth in pre-history, which then corrupt his data with regards to dating the relevant astrology? The last event to seriously disrupt our planet occured roughly 3500 years ago, according to other good researchers, so is it possible Fomenko has been confused by this? The vastly different physics of our planet in the not so distant past may explain this confusion, which is not to say the "mainstream" version of history is correct; on the contrary. I am not an expert in these fields, but wanted to see if this idea could spark discussion.

5 out of 5 stars Pants on fire?.......2007-07-19

Will people ever read before spamming? Yes, Jesuits could not rewrite world history alone, they had help. Anyway, Dr Prof Acad A.Fomenko does not point to jesuits as the driving force of world wide history manipulation in published volumes 1,2,3;, actually he barely mentions the poor devils. Check it with 'Search inside' feature, please. China is rarely mentioned either, in fact, Dr Fomenko is completely eurocentric. Right, his theory contradicts all mainstream schools of history, because in their actual state they are all built on blatantly erroneus chronology. You don't need a mysterious cabal (conspiracy) to falsify history, the falsification is its modus operandi. It is inherent to history(ians) to falsify (distort) events, as it is inherent to humans to boast as it is inherent to power (authority) to legimize itself by referrring to glorious past made to its own order. Dr Prof Fomenko and team have identified scores of instances of such manipulation in Russian, European, etc.. history, and delivered valid statistical proof thereof. His own 'reconstruction' is completely another story. Forget c14 as a valid method of dating. W.Libby has initially discovered a brilliant method of INDEPENDENT dating. Too bad, c14 method has become a joke after a forced marrige with dendrochronology with consensual chronological scale inbuilt. Radiocarbon method can't stand blind tests, but is so very productive as a rubberstamp.

5 out of 5 stars Accepted History & Chronology Must Be Changed. .......2007-04-09

There is no doubt that history as most know it is a sham, & institution's version of History both University & Church is fradulent & inaccurate. Everything was established with an agenda, The real "Dark Ages" are now when we have access to incredible amounts of information past authorities & more important 'common folk' didn't have but our institutions & educators are slow to evolve because of what has ignorantly & arrogantly been taught for too long. This is on many subjects not just Chronology.

For anyone to question "Why would a Mathematician have anything credible to say of History?" The answer is from Dr. Fomenko's preface in the book: "It would be worthwhile to remind the reader that in the XVI-XVII century Chronology was considered to be a subdivision of Mathematics." These volumes could possibly be some of the most important works to date & should be read by everyone with an interest in History, especially professors & educators who have a duty to the public. I have read both books & must say that 'Chronology 1' has some very eye opening & revolutionary information. Even if these volumes are part true the implications are profound & opens the doors to further investigations & questions which must be done. I speak several different lanquages & must say the logic Dr. Fomenko uses with "inflection" of words & words being read from left to right in one region & right to left in another then written backwards, the removal of vowels & get down to basics of words, or different cities & locations having the same name etc. is correct. Vowel usage has always been optional & varied, actually complicating linquistics & study. The first thing one has to understand is that words never had a fixed spelling in history like we do now, the spelling of words was mutable & regional, as well as names & titles of people were vast, varied & changed, NOTHING WAS FIXED or understood linear. Matters of Life & Death as well as financial profiteering yesterday & today were & are made with ignorant, illogical & conspiratorial views of history & reality, it's time people get closer to the Truth & society collectively grow up.

5 out of 5 stars Very Interesting.......2007-03-07

It is a good proposal and I believe it will mature into something even better in the future. I think it deserves to be read.

4 out of 5 stars History as Science Fiction.......2007-01-10

Anatoly Fomenko has written a very intriguing book, full of pictures, charts, and computer 'proof' of his thesis: backwards of AD900 we don't really know what happened or when. Between AD900 and AD1600 there is more certainty, but there is still a lot of fuzzy ground, and things don't get reliable until we get past the 1600's where the printing press made it very difficult for the perpetrators of this timeline manipulation to change anything that had been committed to print. The Dark Ages did not happen. Books were burned for a reason. One organization has doubled the actual length of its existence by expanding the real chronology. Read why.

I had always wondered why Christ died about AD33 and yet men waited until the 11th century to form the Knights Templar, the Cathars, etc and go after the Holy Land by force. Why the 1000 year gap? Turns out there wasn't more than a 10-12 year gap and he proves it using astronomy. This also implies that the planet is not as old as we have been told, and current Christian and other creationist scientists are already championing that idea without being aware of Fomenko's book. The two groups, creationist scientists and the Russian mathematical analysts corroborate each other. Fascinating.

Of course, all this flies in the face of what we have been told traditionally is the 'proper' chronology of western civilization, and most readers will experience 'cognitive dissonance' in reading this book. It means that our history going backwards from AD1600 becomes progressively more incorrect and unreliable until it cannot be trusted at all... in the space of 700-800 years.

Naturally, the curious, open-minded reader will want to know WHO did this, WHY, and did any of the events we think of as really ancient ever happen?
Dr. Fomenko is a respected scientist/mathematician at Moscow State University who has already answered these questions to the satisfaction of his initially skeptical colleagues. Most of them are now believers, a few still refuse to believe (the usual diehards), and of course the western press has ignored Fomenko's work -- for obvious reasons when you read the book. The ones who perpetrated this chronology ruse have a lot to answer for. They are still with us. That's why this book is a well-kept secret.

I gave the book a 4-star rating because I was unable to check out some of his claims; those I checked were as he said. But if even 1/3 of his claims are true, this punches a big hole in what we think is our history, the meaning of western civilization, our educational process (for repeating the ruse as gospel), and the trustworthiness of the organization that perpetrated this ruse, well-intentioned or not.

This book relates to current research into a Young Earth paradigm, to John Keel's discoveries about our planet, and Fr Malachi Martin's insights (in his now out-of-print books). We are indeed sheep who are manipulated and kept ignorant -- for a reason. While knowing what these men have to say may be the "booby prize" (as in: 'what can you do with this knowledge?'), it will provide interesting reading. Didn't someone say: "...and the Truth will set you free."?? For you to judge if this book contains the truth.
The Moral Consequences of Economic Growth
Average customer rating: 4 out of 5 stars
  • The Chicken or the Egg?
  • Better than church: Economics, the joyful science
  • Society and Economic Growth
  • Interesting Thesis, but overlooking some important points
  • Puzzling
The Moral Consequences of Economic Growth
Benjamin M. Friedman
Manufacturer: Knopf
ProductGroup: Book
Binding: Hardcover

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ASIN: 0679448918
Release Date: 2005-10-18

Amazon.com

Ever feel like you just can't get ahead with the bills? You're not alone. More than half of Americans believe the American dream has become impossible for most people to achieve. And two-thirds think this goal will be even harder for the next generation. (One reason for the gloominess--average full-time income has fallen 15 percent since 1975.) All this has Benjamin Friedman worried. In his hefty, 549-page tome, The Moral Consequences of Economic Growth, the acclaimed Harvard economist and advisor to the Federal Reserve Board says economic stagnation is bad for the moral health of a nation. Friedman, a former chair of Harvard's economics department, argues that economic growth is vital to social and political progress. Witness Hitler's Germany. Without growth, people look for answers in intolerance and fear. And that, Friedman warns, is where the U.S. is headed if the economic stagnation of the past three decades doesn't soon reverse. It's not enough for gross domestic product to rise, he says. Growth also has to be more evenly distributed. The rich shouldn't be the only ones getting richer.

Friedman's arguments are provocative but at times lack rigor. In his comparisons of various countries, he offers no objective data to measure their levels of social progress, relying instead on his own--sometimes selective--interpretation of historical events. He glosses over the fact that China, where the economy has grown sevenfold since 1978, has seen little political change in that time. He also acknowledges that the Great Depression--which brought Americans together to achieve great social and political progress--tends to disprove his theory. Friedman makes a good case that the economy sometimes influences social movements, but the jury is still out on exactly when and how that happens. --Alex Roslin

Book Description

From the author of Day of Reckoning, the acclaimed critique of Ronald Reagan’s economic policy (“Every citizen should read it,” said The New York Times): a persuasive, wide-ranging argument that broadly distributed economic growth provides benefits far beyond the material, creating and strengthening democratic institutions, establishing political stability, fostering tolerance, and enhancing opportunity.

“Are we right,” Benjamin M. Friedman asks, “to care so much about economic growth as we clearly do?” To answer, Friedman reaches beyond economics. He examines the political and social histories of the large Western democracies—particularly of the United States since the Civil War—distinguishing times of generally rising living standards from those of pervasive stagnation to illustrate how rising incomes render a society more open and democratic. He shows, too, how our attitudes toward economic growth and its consequences have roots in the thinking of prior centuries, especially the Enlightenment, and also include significant strands of religious influence.

Friedman also delineates the role of economic growth in determining which developing nations extend the broadest freedoms to their citizenry. He makes clear that growth, rather than just the level of living standards, is key to effecting political and social liberalization in the third world. But he also warns that the democratic values of countries even as wealthy as our own are at risk whenever incomes stagnate for extended periods. Merely being rich is no protection against a society’s retreat into rigidity and intolerance once enough of its citizens lose the sense that they are getting ahead.

Finally, Friedman shows us why, if America is to strengthen democratic institutions around the world as a bulwark against terrorism and social unrest, we must aggressively pursue growth at home and promote worldwide economic expansion beyond what purely market-driven forces would create. And for the United States, he offers concrete suggestions for policy steps to achieve those objectives.

A major contribution to the ongoing debate on the effects of economic growth and globalization.

Customer Reviews:

5 out of 5 stars The Chicken or the Egg?.......2007-02-06


Since the rise fascism and Bolshevism in the 1920s there has been the question of how political rights and civil liberties correspond to economic rights and growth. Amartya Sen has argued that the political rights and civil liberties should not be divorced from economic process (Development As Freedom). Sen's normative approach of equating economic rights to the freedoms one achieves with guaranteed civil liberties is one that many can respect.
Benjamin Freidman has taken a more positivist to the same issue. In doing so he asks, "Which came first the chicken or the egg?" Does economic growth in a capitalist setting require democracy and civil liberties or visa versa? Friedman's study looks back not only over all to this question in modern economic history. But, he also takes specific case studies from the United States, Germany, France and others to see the over all trends of the problem.
From this he develops a matrix on the issue. In times of growth political rights tend to expand. In times of stagnation they tend to contract. What is interesting his not how Friedman arrives at this basic framework, but his look into the exceptions of this common sense rule. Why in the 1930s was the political openness of the New Deal accepted, but the recent economic stagnation in France caused the rise of the right-wing Le Pen party?
Friedman is one of the foremost experts on the political economy. He has held a seat at Harvard since 1972. Yet, in this work for public consumption his writing is more along the lines of an historian. He does not delve too far into the economics or the political science of the issue, which many academics tend to - even for the lay reader. Instead, he sees to it that the main ideas are gotten across.
His prescriptions are simple. Maintain economic growth and we can maintain political and civil liberties. While Amartya Sen may find a problem with placing the chicken before the egg, after this work one must understand that economic stagnation helps noone.

4 out of 5 stars Better than church: Economics, the joyful science.......2006-12-01

Economics is often considered a values-free discipline (and economists - well, a sperm cell has a better chance of becoming human). Economists have promoted this view with their emphasis on "positive" (scientific) economics. Economic theory must generate testable hypotheses which stand on their ability to predict the future and withstand the test of data. This is actually very important if economic theory is going to serve as the basis for policy. Without a rigorous and dispassionate analysis of the problems we face and their potential solutions, policy is more likely to be destructive than useful. But taken to an academic extreme, this approach makes economics rather arid, an extremely formal social science that looks more like a branch of mathematics. Indeed, some economics journals publish articles so arcane they might as well be about string theory for all the relevance they have to actual human beings.

Friedman understands that economics is much more than mathematics, that it deals directly with human happiness. It's the most optimistic and joyful of sciences, not simply a ruler by which we can measure policy. Its uses and conclusions are fundamentally moral (or immoral). Economic growth isn't just about GDP and reams of statistics, but about the expansion of opportunity, the lifting up of the poor and the powerless to prosperity and self-determination. Markets aren't just about money, but about liberty. It may be the responsibility of economic advisors to be cold, impartial and rational in their analysis and advice, but policy makers and citizens must apply moral reasoning and moral sense to the products of that analysis.

Friedman's book is a solid introduction to the moral relevance of economics. Friedman shows us that economics matters, though it doesn't matter in quite the way that physics matters. Physical knowledge may be used for moral or immoral purposes, but physics is fundamentally without morality. It also need not deal with anything that really matters to you and me. Economic theory can explain human behavior in ways similar to thermodynamic explanations of molecular motion, but humans aren't molecules. You can't simply describe the impact of globalization or tax policy on humans without a moral framework; an attempt to objectify humans as you'd objectify hydrogen molecules contains its own grim morality. It's the strength of Friedman's book that it makes clear that economic decisions and economic analysis are firmly embedded in a moral framework, no matter how hard we might try to ignore it in our pursuit of scientific and mathematical rigor.

Friedman's book isn't just a moral tract; he attempts to make a case for his moral stand. Friedman is a skilled economist, and he marshals historical data and comparisons of different nations and different periods in our own history to make his case. He provides some information useful for evaluating his thesis that economic growth is moral, he doesn't simply assert it. But herein is a weakness in his book. He doesn't provide nearly as much hard information as he should, and he scatters his supporting numbers throughout the text. It would be very helpful to the reader if data were gathered into charts and tables. There's but a single Figure in the book, no tables of data. It should also be noted that his national comparisons leave out some states (China, Singapore, Vietnam) that might contradict his thesis regarding the linkage between economic growth and political liberty. He's chosen his examples far too carefully.

Another weakness of this book is a natural danger of the type of text Friedman has written. Because he is dealing with economics as a moral issue, he takes a moral stance, one that's clearly to the political left in many ways. I have no problem with this, even though I'm somewhat to the right of him, but we should be very clear on one point. While a trained economist like Friedman is in a much better position than the average person to analyze the effects of different policies, he's no more qualified than a pastry chef to comment on the relative desirability of those different policies once their effects have been laid out in terms the pastry chef understands. Friedman makes a number of policy suggestions in his book with which I disagree. He doesn't make it sufficiently clear that their potential effects aren't unambiguously better than those of alternative policies designed to create or enhance economic growth.

My final objection to this book is its length. Friedman is clearly a well-read man of wide interests, and he brings a great deal of his erudition to this book. It strengthens his case, but I'm not sure that the marginal benefits of the 400th page exceed the marginal costs. More than once I found myself wanting an executive summary of the chapter I was reading and wishing that he would just cut to the chase. But that's really a minor complaint. I benefited from reading this book. It's an interesting and thoughtful contribution to the issue of economic growth (and by extension to international trade and economic aid to developing countries), and I strongly recommend it.

4 out of 5 stars Society and Economic Growth.......2006-11-05

Friedman explains how growth is good for promoting a freer, more tolerant and open society. The author gives good reasons for defending growth as the major objective of any government.

2 out of 5 stars Interesting Thesis, but overlooking some important points.......2006-06-13

Mr. Friedman's book begins with an interesting thesis, defining morality and its definition within a context of economic growth. The idea that economic growth or stagnation effects the mindsets of the people living in that time period is a logical argument that Friedman often well supports with historical facts. However, the exceptions to his argument make me wonder if he really believes in his own thesis, or if he just felt the need to write a book. Furthermore, for every chapter in the book, there seem to be at least one or more flawed arguments or points that, with a little thorough thought or research, don't make sense or can easily be disproven. With these things being the case, I find Friedman's argument a little hard to buy. The entire book seems to build up to the final chapter, which Friedman uses to make policy recommendations that would aid in economic growth; this final chapter could have stood alone from the book entirely, however, because the evidence in the book an his arguments elsewhere in the book (ie. the importance of education) do not add or support his final policy recommendations. His policy recommendations could have easily been listed by students in an economics class as responses to the question "What should the government do to promote economic growth?" They don't push the argument forward or indicate anything that hasn't already been suggested in the past, nor do they give suggestions as to how to go about implementing his policies.

3 out of 5 stars Puzzling.......2006-06-02

Friedman begins with a few troubling statistics, particularly the fact that except for a brief period in the late 1900s, most of the fruits of the last three decades of economic growth in the U.S. have accrued to only a small slice of the population. Further, after allowing for higher prices, the average 2004 worker in an American business made 16% less each week than 30+ years earlier. With more and more two-earner households and more individuals holding two jobs, most families' income have more than held their own. But nearly all the gain in the last three decades came only in the late 1990s. Young men entering the American job force in the 1970s started off earning two-thirds more, on average, than the generation starting out in the 1950s; by the early 1990s it was one quarter less than their parents.

Economic growth positively affects the character of the society as a whole, and because neither tolerance nor democracy is a good that private markets value, there is a role for government measures to seek growth beyond what the market would provide on its own. Improved transportation, crime reduction, safety from external attack, savings, education, and patent protection are examples of valuable government contributions.

Friedman asserts that declining investment is a problem in the U.S., and blames it on increased current consumption and government borrowing. (But what about the fact that much cheaper labor is available in Asia?) He goes on to posit that chronically large deficits' depressing effect on America's investment probably received a greater spur from change in the tax structure than the positive aspect of the tax reductions.

Friedman suggests improvement that begins with undoing the Bush administration high-end tax changes that provided 60% of the benefits to the top 10% (earning over $120,000) to reduce the deficit and improve society.

Fireman, like many others, very much wants to improve American education. He begins by focusing on improving the high school graduation rate - stable at about 90% over the last several decades - through more spending. (Friedman, however, forgets that enormous increases in inflation-adjusted per-pupil spending also occurred during this period, and that dropout rates closely correlate with race - ergo, positive home influence is probably a much more potent lever.) More government support for college education is also highly recommended because their incomes average some 70% more than those without a college degree. As for class sizes, Friedman is aware that most quality research has found reductions do NOT improve pupil achievement; nonetheless he suggests reductions would improve graduation rates, though the sources he cites seem to confound race and socio-economic status with class size as influences. He also supports competition within education, citing several inner-city positive examples such as Harlem Community Schools.

Another significant recommendation is raising the Social Security retirement age.

What is puzzling about "The Moral Consequences of Economic Growth" is that Friedman does not address a major issue of today's economic growth - the impact of free trade and illegal immigration on American incomes. Also, his treatment of economic development and population growth on environmental impacts is overly optimistic. These issues seriously limit the book's contributions.
Public Choice III
Average customer rating: 5 out of 5 stars
  • Good Review Text on Rat-Choice Politics and Public Choice
Public Choice III
Dennis C. Mueller
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ASIN: 0521894751

Book Description

This book represents a considerable revision and expansion of Public Choice II (1989). As in the previous editions, all of the major topics of public choice are covered. These include: why the state exists, voting rules, federalism, the theory of clubs, two-party and multiparty electoral systems, rent seeking, bureaucracy, interest groups, dictatorship, the size of government, voter participation, and political business cycles. Normative issues in public choice are also examined. The book is suitable for upper level courses in economics dealing with politics, and political science courses emphasizing rational actor models.

Download Description

This book represents a considerable revision and expansion of Public Choice II (1989). As in the previous editions, all of the major topics of public choice are covered. These include: why the state exists, voting rules, federalism, the theory of clubs, two-party and multiparty electoral systems, rent seeking, bureaucracy, interest groups, dictatorship, the size of government, voter participation, and political business cycles. Normative issues in public choice are also examined. The book is suitable for upper level courses in economics dealing with politics, and political science courses emphasizing rational actor models.

Customer Reviews:

5 out of 5 stars Good Review Text on Rat-Choice Politics and Public Choice.......2003-05-22

This is a great book! As a political-science graduate student I've been exposed to a great deal of game-theory and rat-choice in my seminar classes, but, unfortunately, it has come in the form of numerous papers, piles of books, and several classes that did not build off of one another. I was left with the feeling that it was a very, very important subject, but it was presented in a manner that left me, as a student, with an incomplete picture of the topic and the breadth of work that has gone on in this field.

Mueller's achievements in this volume have been three:

1. Coherent presentation of the theory of public choice / rational politics.

2. Discussion of the most important empirical work that has gone on in this field in a unified fashion that leads one naturally into further inquiry in this area.

3. Logically organizes and presents the material in a way that reinforces concepts, logic, and thinking in the book.

These three things make this book a great review or introductory text to the field of public choice / rational politics that should be on the "must have" list of every serious student of politics and economics. Moreover, not being terribly skilled at mathematics myself, the material is presented both through intuitive written discussions, fairly simplistic "example" equations that are pretty easy to follow if you've had a "principles" microecon course with calculus, and, which I greatly appreciate, a fair amount of graphs. Moreover, the bibliography that the book draws on is very, very extensive...meaning that it has the additional utility of being a handy jumping off point if you're doing research in this area.

My only complaint, and this is a minor one, is that I would like a bit more math in the book either at the end of each chapter or in an appendix that works out, step-by-step, some of the additional concepts he runs over that aren't dealt with mathematically in the main text of the chapters themselves.

This, at least in my opinion, is an excellent book for the graduate student interested in learning about public choice / rational politics.
Modernization, Cultural Change, and Democracy: The Human Development Sequence
Average customer rating: 5 out of 5 stars
  • A Scientific Reexamination of Modernization
Modernization, Cultural Change, and Democracy: The Human Development Sequence
Ronald Inglehart , and Christian Welzel
Manufacturer: Cambridge University Press
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Binding: Paperback

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  1. Sacred and Secular: Religion and Politics Worldwide (Cambridge Studies in Social Theory, Religion and Politics) Sacred and Secular: Religion and Politics Worldwide (Cambridge Studies in Social Theory, Religion and Politics)
  2. Democracy And Development: Political Institutions and Well-Being in the World, 1950-1990 (Cambridge Studies in the Theory of Democracy) Democracy And Development: Political Institutions and Well-Being in the World, 1950-1990 (Cambridge Studies in the Theory of Democracy)
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  5. Patterns of Democracy: Government Forms and Performance in Thirty-Six Countries Patterns of Democracy: Government Forms and Performance in Thirty-Six Countries

ASIN: 0521609712

Book Description

This book demonstrates that people's basic values and beliefs are changing, in ways that affect their political, sexual, economic, and religious behavior. These changes are roughly predictable because they can be interpreted on the basis of a revised version of modernization theory presented here. Drawing on a massive body of evidence from societies containing 85% of the world's population, the authors demonstrate that modernization is a process of human development, in which economic development triggers cultural changes that make individual autonomy, gender equality, and democracy increasingly likely.

Customer Reviews:

5 out of 5 stars A Scientific Reexamination of Modernization.......2006-01-27

This is a major study by any standard. It presents both a grand synthesis and a great depth of hard data to back it up, and I can see nothing that would cast it in serious doubt. Inglehart and Welzel make a very strong case that for the most part socioeconomic conditions drive popular values and that these values in turn drive the institutions of government. If you take a subsistence agricultural society and industrialize it then, after a time, its people will turn away from a sense of impotence in the face of divine forces toward a confidence in society's potential to master nature and itself. If their government already had elements of democracy then they will probably embrace more democratization, based in mass parties and movements. But if they lack a democratic tradition they may well turn to the apparent strength and security of mass totalitarian government.

Moreover, if this industrial society becomes rich enough and sophisticated enough to move into an era of postindustrialism - an era in which industry produces more and more wealth with less and less direct labor and more and more people find secure and well-paid work in directing and facilitating industry through skilled mental labor - further values changes will come, but in a different direction. These postindustrial humans will grow suspicious and even hostile toward authority and relatively more concerned about freedom for themselves and others than further enrichment. This, in turn, will bring overthrow of any totalitarian institutions and both a broadening and deepening of democracy and popular commitment to democracy. But it will be democracy of autonomous individuals rather than disciplined masses.

While socioeconomic changes are strongly correlated with movements of values in particular directions, the starting point - the basic values of the particular culture - continues to matter for as long as anyone has so far measured. Values associated with religion in particular tend to persist, even if formal mass religious institutions fade. Hopes and fears of spreading "westernization" or "Americanization" are unfounded. Democracy and freedom are not western or American exports - they arise anew wherever socioeconomic conditions and values favor them, always rooted in the local society.

But there is no "end of history" here. The process can work equally well in reverse and serious regression in socioeconomic conditions can bring dark consequences for values and political institutions.

All this is not simply theory, buttressed perhaps by a sprinkling of selective historical analysis. These processes have been observed and statistically measured in a great many societies, worldwide, over the past 15 years and more. There is good evidence that the flow of cause is from economics to social values to politics, and not much if at all in the other direction. And while we lack much information for periods before 1980, what we do know suggests that these processes have operated in pretty much the same way for many decades, and even longer. In short, this seems to be something that is deeply embedded in the nature of human society.

I have a much longer and more detailed review (much more than will fit here) on my Web site at analysis.williamdoneil.com
Democracy and Redistribution (Cambridge Studies in Comparative Politics)
Average customer rating: 4 out of 5 stars
  • Asset Specificity, Equality, and Democracy
Democracy and Redistribution (Cambridge Studies in Comparative Politics)
Carles Boix
Manufacturer: Cambridge University Press
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ASIN: 0521532671

Book Description

Employing analytical tools borrowed from game theory, Carles Boix offers a complete theory of political transitions. It is one in which political regimes ultimately depend on the nature of economic assets, their distribution among individuals, and the balance of power among different social groups. Backed by detailed historical research and extensive statistical analysis from the mid-nineteenth century, the study reveals why democracy emerged in classical Athens. It also covers the early triumph of democracy in nineteenth-century agrarian Norway, Switzerland and northeastern America as well as its failure in countries with a powerful landowning class.

Customer Reviews:

4 out of 5 stars Asset Specificity, Equality, and Democracy.......2007-02-11

Boix seeks to explain the emergence of various political systems; particularly the transitions between democratic governments, right-wing authoritarian regimes, and left-wing dictatorships. However, Boix's use of triangulated research - the combination of quantitative and qualitative measures - provides a more accurate explanation of regime transition than Lipset's original work.

Boix uses three main independent variables to explain political outcomes. First, Boix examines rates of inequality. He suggests that a nation with a more equitable distribution of assets is likely to see the emergence of a democratic regime. Boix writes, "A more unequal distribution of wealth increases the redistributive demands of the population and the ultimate level of taxes in a democratic system. As the potential level of transfers become larger, the authoritarian inclination of the wealthy increase and the probabilities of democratization and democratic survival decline" (37).

Second, Boix examines the specificity of assets, that is, whether or not assets are expropiatable to other countries. The author contends that the more liquid an asset, the more likely a democratic regime will emerge. Boix asserts that if the wealthy are able to expropriate their assets to other nations, these assets are less likely to be taxed heavily by the poor. As such, the upper classes will be more receptive to a democratic regime. On the other hand, assets that are nontransferable - such as oil wealth - are likely to be subject to heavy taxation by the poor if a democratic regime took hold. As such, it is in the best interest of the wealthy elite to repress the poor and protect their monopoly of assets.

Lastly, Boix looks at the impact of political resources on regime transition. The costs and benefits of repression or revolt fluctuate between social classes under various circumstances. Boix argues that, holding inequality and specificity constant, the conflict between these oppositional groups, and their relative political strengths and weaknesses, lead to the emergence of specific regime types. He writes, "rich and poor assess both the income and benefits associated with each political regime and the costs of achieving their preferred solution" (44). For example, an authoritarian regime often operates in the interests of the ruling elite. So long as the costs of repressing the poor are less than the costs of granting universal suffrage, authoritarianism will continue. On the other hand, if a shift in the balance of power between classes occurs, transition becomes more likely. Boix argues that as the poor gain political resources, and overcome the problems of collective action, they are likely to put pressure on the upper classes (45). The cost of repression to the wealthy then becomes too high to justify continued authoritarianism and democracy emerges. If the poor believe that they have gained political power, or that the cost of being repressed has become unbearable, revolt ensues, and a left-wing dictatorship takes over.

Boix's combination of econometric techniques and qualitative analysis has reexamined the modernization and democratization debate and will prove a lasting contribution to the field.

Profit with Honor: The New Stage of Market Capitalism (The Future of American Democracy Series)
Average customer rating: 4.5 out of 5 stars
  • Lots of Stimulating Thought in a Small Book
  • Must Reading For Any Current Or Future CEO And Business Leader
  • Should Be In Every Boardroom
Profit with Honor: The New Stage of Market Capitalism (The Future of American Democracy Series)
Daniel Yankelovich
Manufacturer: Yale University Press
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ASIN: 0300108583

Book Description

This wise and optimistic book examines the rampant scandals that plague American corporations today and shows how companies can reverse the resulting climate of mistrust. By seizing the opportunity to address some of the nation’s—and the world’s—most serious problems, business can strengthen its reputation for integrity and service and advance to a new stage of ethical legitimacy. Daniel Yankelovich, a social scientist and an experienced member of the corporate boardroom, describes the toxic convergence of cultural and business trends that has led inexorably to corporate scandals. Yet he offers reassurance that opportunity exists for positive change. Creative business leaders can advance market capitalism to its next stage of evolution, building upon business norms that simultaneously emphasize the legitimacy of profit making and the importance of the care that companies give to employees, customers, and the larger society.
The book asserts that American culture has abandoned its old tradition of enlightened self-interest, of “doing well by doing good.” A narrow legalism has taken over (“I didn’t break the law; therefore I didn’t do anything wrong”). Yankelovich argues that attempts to deal with such flawed ethical norms by means of more laws and regulations cannot succeed. He offers a series of case histories to show how and why stewardship ethics can strengthen individuals, corporations, the nation, and the world economy.

Customer Reviews:

4 out of 5 stars Lots of Stimulating Thought in a Small Book.......2007-08-09

Daniel Yankelovich is a social scientist who has also served on several corporate boards. That gives him a unique perspective on the ethical challenges that face board members.

Yankelovich, to use his term, is a "privileged witness," who sees business from the outside, but has seen its inner workings up close. Even more important in some ways is the fact that he and his company have been among the firms tracking changes in society over several decades.

Here is why he wrote this book: "The purpose of this short book is to suggest that the business community can turn the scandals of recent years to good use, both for business itself and for the larger society."

Yankelovich sees three causes for these scandals. They are: 1) deregulation; 2) linking the biggest part of CEO compensation to stock price; and, 3) the importing of wider social norms into business, resulting in what he calls "unenlightened self-interest."

In the first half of the book he outlines changes in social norms in both business in society over several decades. Business, according to Yankelovich is more likely establish the norms he desires than society as a whole. And, he thinks, if business does so it will "help dispel moral confusion in the culture at large."

He says: "My main argument in the book is that the time has come for market capitalism in the United States to advance to a new stage of enlightened self-interest."

To do that he advocates something he calls "Stewardship Ethics," which he defines as "commitment to care for one's institution and those it serves in a manner that responds to a higher level of expectations." He devotes the second half of the book to describing what a set of norms based on "stewardship ethics" might look like and how they might come about.

In one of the most helpful sections of the book, Yankelovich spends time outlining the difference between his Stewardship Ethics and the bundle of beliefs and positions that come under the heading of "Corporate Social Responsibility."

If you're like me, you'll find Yankelovich's position a refreshing change from the "profit is evil" approach of most CSR types. If you are someone who sees the pursuit of profit by companies as, at best, a necessary evil, you will be very uncomfortable with this book and its ideas.

This book has two key strengths. First, Yankelovich himself is both knowledgeable and logical. Second, the book is short, only around 170 pages of text. Those are also the book's weaknesses.

Because Yankelovich himself is knowledgeable, he often leaves terms undefined. I could not find a definition, for example, of one of his key terms, "market capitalism." It may be that everyone indeed defines that term the same way, but I doubt it.

The shortness of the book means that some arguments are made without adequate support. For example, on page 96, Yankelovich says, "How well a company conceives and executes stewardship ethics as a community has a direct bearing on its long term profitability." He then offers the example of Wegman's as proof. Alas, a single example without supporting evidence is not proof.

This brings us to the key question: "Should you buy and read this book?"

If you are a senior executive, a member of a corporate board, or a faculty member at a business school, this should be on your "must-read" list. Yankelovich has crammed a lot of good stuff and cogent analysis in here about the business climate and corporate responses.

This book is also a good read if you're interested in the ethical challenges of contemporary business, but you don't make it your primary focus. If you're a professional ethicist or philosopher, you'll find the book a little light on both reasoning and support, but that's exactly why it's a good read for the rest of us. The book is filled with provocative ideas and well written.

But if you're looking for a "how to" book, this would be a poor choice. It's a great book for stimulating thought and discussion, but the "how to" will be up to you.

5 out of 5 stars Must Reading For Any Current Or Future CEO And Business Leader.......2007-07-09

This is a book I wish I had written. I have talked at length over the past few years about what is wrong with today's capitalist economy and particularly so since the Enron, Tyco, WorldCom, and other corporate scandals. However, I am and always have been a committed supporter of a free-market economy with minimal government interference. In the late 1950s (while very young!) I embraced Ayn Rand's "laissez-faire" theory of business, only to be later disturbed by some of the unwarranted and seriously problematic assumptions one had to make in order to completely buy into her "doctrine" of extreme individualism and "caveat emptor" economics. While I recognized that neither Communism (ala Marx) nor state socialism could bring about a dynamic market economy combined with political liberty, there was, I thought, definitely something missing in the theory and practice of a free-market economy as Rand and her coterie envisioned and promoted it. Moreover, the so-called "mixed economy" (which is what the U.S. pretty much has now -- a mixture of free-market and "socialist" elements) has not prevented the scandals recently experienced.

Enter Daniel Yankelovich with his new book "Profit With Honor: The New Stage of Market Capitalism." In my opinion, on the Aristotelian scale of ethical virtue, his book represents the "mean" between the extremes of a dog-eat-dog capitalism with profit as the "only" consideration and the position that profit is evil, private enterprise is antisocial and, therefore, a centrally-planned government-run economy is the only acceptable solution. Economic activity is, of course, not fundamentally different from any other human activity, whether it be individual, social, political, or whatever. There has to be some moral foundation, some ethical framework, which justifies and provides a rational structure for the activity. Neither of the aforementioned extremes can provide the necessary theoretical support nor the practical guidelines for an economic system which must take into consideration human nature and the human condition.

In his book, Yankelovich states that his "main argument . . . is that the time has come for market capitalism . . . to advance to a new stage of enlightened self-interest. American business needs to develop a new ethic -- a coherent set of social norms -- both to counteract the forces leading to the scandals and to meet the challenges of the global economy that call upon business to take on many new responsibilities." He calls his program (if that is the appropriate term) a "stewardship ethics," a set of cultural norms for business which involves social responsibility without rejecting the concepts of profit and self-interest. This is, for the most part, my position on the issue. The philosophical enemies of market capitalism have had plenty of ammunition provided to them in recent years by some of those -- dare I say "crooks"? -- who are involved in market capitalism itself. Without a solid and rational moral foundation, market capitalism becomes its own worst enemy. Yankelovich appears to be confronting this challenge and, I think, points the way to a good resolution of the problem.

There is no question now, in my view, that capitalism as it has been practiced in the past is just that -- a thing of the past. Capitalism must now advance to the "next stage of evolution," as Yankelovich envisions it. While it is vital that profit-making remain a central concern and goal of any economic enterprise, companies must also give due consideration to customers, employees, and society at large. There is really no essential conflict between making a profit (which any business must do to survive) and social responsibility. This notion of conflicting objectives was, I suspect, a matter of philosophical immaturity during the developmental growth of the capitalist system. It should be recalled that many of the so-called "robber barons" of the past did participate in philanthropic activities and contribute generously to the "social good." (Think Carnegie libraries, Ford and Rockefeller foundations.)

But, of course, the problem remains regarding the future of market capitalism, especially amid all the recent scandals. This is where I think Yankelovich makes his most noteworthy contribution. Abstract principles of ethics -- which is what many of us were primarily concerned with when I taught classes in ethical theory in years past -- is one thing. Important as that is, however, the application of ethical principles to practical situations, institutions, and social realities is, after all, of immediate concern. What Yankelovich provides is an extension of rational ethical principles into the marketplace, that is, where the action is and where they are most useful. There is no justification now for schools of business and departments of economics to ignore the moral and social ramifications of market activities; courses in business ethics, and I suggest maybe the "stewardship ethics" recommended in this book, ought to be a core part of the curriculum -- not just an elective, but a requirement.

"Profit With Honor" is, of course, not a full-blown treatise on business ethics. It is a short book, a mere 169 pages of actual text. It is, however, concise and to the point. Yankelovich's suggestion that market capitalism should adopt the idea of "doing well by doing good" comes across throughout the book and this idea needs to be internalized by anyone considering a future in business leadership. He concludes: "In our culture . . . the transformation to stewardship ethics may take place without even being widely noticed. But its effects will register in enhanced trust in the business sector, in improved long-term profitability, and in significant advances in global well-being." One can only hope what he says proves prophetic. This book is an excellent introduction to the problem at hand and, for many of us I suspect, a framework within which the practical solution to the problem can be realized. Must reading for any contemporary or future CEO. Highly recommended.

4 out of 5 stars Should Be In Every Boardroom.......2007-07-07

This book is about ethics and integrity in corporate America. The author discusses the various scandals of the past decade or so, looks at root causes, and proposes a solution.

This book could easily have been a statist prescription for yet more regulation by that whacko entity we call the federal government (which doesn't actually govern), but fortunately it was not. Just as easily, it could have been yet another book used by the author to push the leftist agenda in the rosiest of terms, despite the fact that agenda has always failed and always will. Fortunately, we were spared that reality-challenged view as well. Nor is it another effort to push the "conservative" agenda (basically, a way of diverting money to special interests). In fact, Yankelovich stresses the need to move beyond political "solutions" to problems.

People change careers, and I am one of those people. In my former life as an engineer (in a galaxy far, far away or something to that effect), one of the skills I learned was root cause analysis. This kind of analysis is demonstrably absent in public policy, as is evident from the demonstrable failure of federal policies, federal agencies, federal programs, and just about anything else spewing forth from Washington, DC. I notice that most "experts" have pretty logical-sounding solutions to what ails us, but almost none of them first determines what problem needs solving. They have a hammer (their area of expertise), and the whole world is their nail.

Yankelovich takes a humbler and more rational approach. This book talks about what CEOs and other leaders should do to restore integrity in our corporations, yet in the preface he says he's neither a celebrated CEO nor an expert on the subject. Upon reading the book, I found this worked to his advantage. He's not an armchair general type, either, though. He was on many boards over many years and has seen the workings of the inner sanctum firsthand. His background as a social scientist and researcher is also a critical qualification, because he has an excellent lens through which to observe and analyze.

At 169 pages in paperback format, this book is short. It's not a highly detailed academic treatise on case histories. Yankelovich is certainly capable of producing such an opus. But it would be read by academics rather than CEOs. This book is the perfect size for its primary target audience--the high level corporate executive. It can fit into a briefcase for reading during a return flight or two.

Profit with Honor has ten chapters. The first two give us a clear picture of the problem. In those chapters, Yankelovich also discusses why legal remedies don't work. For example, if you have a law barring a certain behavior, people who believe it's OK to game the system will find and exploit a loophole. To see how this pans out, look no further than our insane, and counterproductive, federal income tax code. He also talks about what happens when a company promises to play nice and then doesn't.

The next two chapters explain why "What's good for GM is good for America" isn't so (not to pick on GM--that was the actual statement, but the sentiment was quickly adopted by other companies). Yankelovich also provides comparisons between the ethics of today (or lack thereof) to the ethics of previous times. This isn't a "sure was great in the good old days" fantasy. Yankelovich bases his analysis on actual research, including a study of the Harvard Business School Class of 1949.

What he has to say about "civil society" in Chapter Five is right on target, and should be required reading for everyone over the age of six. Unfortunately, we have too few adults with the proper training in civility, and we gag on that aftertaste of that every day.

Chapter Six and Chapter Seven provide a good discussion of stewardship ethics, which Yankelovich proposes as the means of getting our corporations back on track.

In Chapter Eight, Yankelovich exposes the fallacy of the "Shareholder Value" philosophy, leaving no doubt for the reader that it has proven to be costly and destructive. Chapter Nine explores the concept of gatekeeper integrity. Our gatekeepers include institutional investors, auditors, business lawyers, investment bankers, business journalists, and educators--and they have profoundly failed us.

The final chapter, Titled "Hummer vs. Hybrid" nicely ties the book's concepts together. What better way to make things clear than to use a common example and figuratively turn it over in your hand so that each edge, nook, and cranny is exposed to sunlight? This example concerns the attitudes of two companies. The first one is GM, which I loathe. The second is Toyota, of which I am a customer and a huge fan.

GM chased short-term profits by producing gas-guzzling Hummers. Thanks to GM lobbyists, the CONgress (which sells legislation to the highest bidder) introduced more distortions into that abomination called "the federal income tax code" to make it advantageous for people to own Hummers rather than a vehicle that makes sense. Hummers tear up our roads (causing us to pay higher road taxes) and consume four times the fuel that a sensible vehicle does (causing gas prices to be higher). So, we all pay for some insecure person to drive around in a Hummer dominating the road while GM managers soak up their bonuses for short-term profits and Middle East terrorists enjoy the funding provided by the additional oil revenue. All perfectly legal.

Toyota, on the other hand, behaved responsibly by producing the fuel-efficient Prius hybrid. It's important to note that this isn't their only fuel-efficient vehicle. My Camry gets nearly 40 MPG on the highway (5-speed manual transmission, good driving habits, synthetic oil, and other things boost its fuel economy past the EPA rating). Some other models of conventially-powered Toyotas, such as the Corolla, do even better.

If we replaced every GM vehicle with a Toyota Camry, America would no longer have an energy problem.

Toyota's venture into the hybrid market came at the cost of short-term losses. This car isn't a cash cow for them, and it isn't causing their executives to go home with multi-million dollar bonuses. It's part of the their long-term strategy to build cars that serve people and society. It's the result of their "continual improvement" ethic.

Yankelovich follows this same ethic in his writing. He isn't proposing a quick fix. He's proposing a change in underlying attitudes and beliefs, and it takes time for those things to produce effects. It's like eating right vs. taking medications. Eating right won't instantly make you healthy, if you are presently not eating right. But it's the only way to be healthy and correcting the effects of wrong behavior takes time.

It's also a monumental task to get all the players on board with such a change. If this book makes its way into boardrooms and executive suites across the country, and if individuals in those boardrooms and executive suites decide to make personal integrity a top priority ala the Class of 1949, that change can and will happen.

If you like the idea of a nation in which corporations are run in an ethical fashion (providing a model the federal "government" might learn from), read this book and then recommend it to others.
Democracy Derailed in Russia: The Failure of Open Politics (Cambridge Studies in Comparative Politics)
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    Democracy Derailed in Russia: The Failure of Open Politics (Cambridge Studies in Comparative Politics)
    M. Steven Fish
    Manufacturer: Cambridge University Press
    ProductGroup: Book
    Binding: Paperback

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    ASIN: 0521618967

    Book Description

    Although Russia experienced dramatic political breakthroughs in the late 1980s and early 1990s after shedding the shackles of Soviet rule, it subsequently failed to continue progressing toward democracy. M. Steven Fish offers an explanation for the direction of regime change in post-Soviet Russia, relying on cross-national comparative analysis as well as on in-depth field research in Russia. Fish demonstrates that Russia's failure to democratize has three causes: too much economic reliance on oil, too little economic liberalization, and too weak a national legislature.
    An Economic Theory of Democracy
    Average customer rating: 4.5 out of 5 stars
    • Good.
    • Great book but a bit too expensive...
    • Why is this book so expensive?
    • The most misunderstood book in political science
    • Good as a starting point
    An Economic Theory of Democracy
    Anthony Downs
    Manufacturer: Addison Wesley
    ProductGroup: Book
    Binding: Paperback

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    Customer Reviews:

    5 out of 5 stars Good........2006-04-06

    I was assigned several chapters from this book to read for one of my political science classes. I can't say I've come across any other books like this that describe the nature of electoral politics and realignments when they occur.

    My professor did mention that this book revolutionized just how we view the electoral process. A good read, one that I would recommend. Diagrams are useful.

    5 out of 5 stars Great book but a bit too expensive... .......2005-12-19

    I just finished writing a critique on this book for a core political science class and it's definitely a classic. I would recommend it to all political science majors and anybody interested in voting behavior. But again, why is it so expensive?

    4 out of 5 stars Why is this book so expensive?.......2004-09-21

    Classic, empirical work in political science. This book is essential for any high school civics teacher, undergraduate political science major, or graduate student ... but why on EARTH is it $40 used?

    5 out of 5 stars The most misunderstood book in political science.......2003-09-07

    An Economic Theory of Democracy is among the most influential books in political science. It is also among the most misunderstood. The book has 300 pages of content. The famous median voter theorem represents three of them. The remaining 297 pages involve extensions, limitations and generalizations -- exactly the sort of thing that most critics think it lacks. In the end, the book is really about the problems of limited information rather than about a unidimensional spatial model.

    4 out of 5 stars Good as a starting point.......2002-11-07

    Downs is the seminal piece in rat choice voting behavior - and for good reason. A clear understanding of the Downs theories of voting ties together many strands of work and allows for a good framework for scholars who follow him.

    The book is a must read for political scientists and for anyone who wants to understand the voting literature.
    Democracy And Development: Political Institutions and Well-Being in the World, 1950-1990 (Cambridge Studies in the Theory of Democracy)
    Average customer rating: 4 out of 5 stars
    • Interesting Work
    • Monumental Work!!!
    Democracy And Development: Political Institutions and Well-Being in the World, 1950-1990 (Cambridge Studies in the Theory of Democracy)
    Adam Przeworski
    Manufacturer: Cambridge University Press
    ProductGroup: Book
    Binding: Paperback

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    ASIN: 0521793793

    Book Description

    Is economic development conducive to political democracy? Does democracy foster or hinder material welfare? These two questions are examined by looking at the experiences of 135 countries between 1950 and 1990. Descriptive information, statistical analyses, and historical narratives are interwoven to gain an understanding of the dynamic of political regimes and their impact on economic development. The often surprising findings dispel any notion of a tradeoff between democracy and development. Economic development does not generate democracies, but democracies are much more likely to survive in wealthy societies.

    Customer Reviews:

    3 out of 5 stars Interesting Work.......2004-06-16

    I had a love/hate relationship with this book. First, and this is purely a stylistic point, I believe it could have been far better edited. It was an avalanche of statistics, statistical analyses, and presented results without a lot of discussion of why relationships emerged. Their first goal -- showing development does not "cause" democratization is, I believe, a revamp of earlier published work. It is, nonetheless, an important finding that is worth repeating.

    More interesting is the relationship between dictatorships and demography, but, again, aside from a little theorizing and a few statistical tests I believe the authors do little to shed much light on why different regimes affect demography differently. They begin to flesh out an argument the crux of which revolves around the ability of democratic polities to "commit" to providing social welfare over the long run, but this seems to run counter to their initial dismissal earlier in the book of the Neo-Institutional economics claim put forth by Douglass North, among others, as to the importance of institutions in "binding the hands of the sovereign."

    Finally, their results do show that democracies tend to survive in wealthy states, in essence becoming "unkillable" after a certain level of wealth is reached. They do little to really explain why this is, but the result gives credence to Lipset's thesis that devolpment, at the very least, helps sustain democracies.

    Overall I liked to book and would reccommend it as an assigned book in a comparative politics/political economy class.

    5 out of 5 stars Monumental Work!!!.......2001-04-24

    Too many conjectures and too many theories have been addressed concerning the relationship between polities and material well-being in the world. But they have been raised without a proper test of them, without empirics. This book completely cleans all kinds of intellectual garbages, clarifies the existing arguments, and above all provides a series of the sohpisticated tests. Adam Przeworski and his comrades did a marvelous job.

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