Political Business Cycles: The Political Economy of Money, Inflation, and Unemployment by Thomas D. Willett

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Author
Thomas D. Willett
Publisher
Duke University Press Books
Date of release
Pages
534
ISBN
9780822308249
Binding
Hardcover
Illustrations
Format
PDF, EPUB, MOBI, TXT, DOC
Rating
4
48

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Book review

The "political business cycle", according to economist William Nordhaus, creates a situation in which political and bureaucratic incentives create artificial economic booms just before elections, with consequent and deleterious side effects after the ballots are counted. This work examines the issue of whether federal governmental structure inevitably leaves the U.S. economy exposed to unhealthy political influences.


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