This essay argues that politically motivated business cycles could persist in a democratic society even if the electorate votes in a rational, fully informed manner, provided that government policymakers have the means to systematically generate macroeconomic fluctuations. This cyclic outcome reflec
Rationality and the political business cycle: The case of local government
β Scribed by Jacob Rosenberg
- Publisher
- Springer US
- Year
- 1992
- Tongue
- English
- Weight
- 491 KB
- Volume
- 73
- Category
- Article
- ISSN
- 0048-5829
No coin nor oath required. For personal study only.
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