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The Investment Theory of Politics

Peter Temin

in The Vanishing Middle Class: Prejudice and Power in a Dual Economy

Published in print:
2017
Published Online:
January 2018
ISBN:
9780262036160
eISBN:
9780262339988
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262036160.003.0006
Subject:
Business and Management, Political Economy

The Median Voter Theorem does not explain American elections and policies because of low voter turn-out and high costs of information. The Constitution let states choose voting rules, allowing racial ... More


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