53 pages • 1 hour read
320
Book • Nonfiction
1950s
1957
Adult
18+ years
An Economic Theory of Democracy by Anthony Downs is a 1957 treatise that applies economic principles to political decision-making, proposing that political actors, like market participants, seek to maximize benefits. Downs develops a model where voters choose candidates who promise the greatest returns, while politicians aim to secure votes for power and influence. The book explores rational choice theory, uncertainty, information costs, and provides hypotheses for empirical testing of political behavior. Some of its content reflects the social attitudes of the 1950s and uses androcentric language.
Informative
Challenging
Contemplative
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Downs’ An Economic Theory of Democracy is highly praised for its rigorous application of economic principles to political science, offering valuable insights into voter and party behavior. Critics, however, argue that its rational actor model may oversimplify complex political dynamics. Despite some flaws, it remains influential in the field.
Readers with an interest in political science, public choice theory, and the intersection of economics and democracy will enjoy An Economic Theory of Democracy by Anthony Downs. Comparable to Milton Friedman’s Capitalism and Freedom and Kenneth Arrow’s Social Choice and Individual Values, it appeals to scholars of rational choice theory and political economy.
264 ratings
Loved it
Mixed feelings
Not a fan
320
Book • Nonfiction
1950s
1957
Adult
18+ years
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