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Why Principal is Costly in Politics
Author(s) -
Stroup Richard L.
Publication year - 1986
Publication title -
economic affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.24
H-Index - 18
eISSN - 1468-0270
pISSN - 0265-0665
DOI - 10.1111/j.1468-0270.1986.tb01919.x
Subject(s) - politics , democracy , principal (computer security) , state (computer science) , political economy , economics , political science , market economy , economic history , law , computer science , computer security , algorithm
The political ‘horse‐trading’ which David Stockman encountered in American politics is a feature of ‘representative democracy’ throughout the world, and is as readily susceptible to economic analysis as is trading in conventional markets. Professor Richard Stroup of Montana State University examines the pressures on buyers and sellers in the political market.