Title
Golden Rule: The Investment Theory of Party Competition and the Logic of MoneyDriven Political Systems (American Politics and P,New
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To discover who rules, follow the gold.' This is the argument of Golden Rule, a provocative, pungent history of modern American politics. Although the role big money plays in defining political outcomes has long been obvious to ordinary Americans, most pundits and scholars have virtually dismissed this assumption. Even in light of skyrocketing campaign costs, the belief that major financial interests primarily determine who parties nominate and where they stand on the issuesthat, in effect, Democrats and Republicans are merely the left and right wings of the 'Property Party'has been ignored by most political scientists. Offering evidence ranging from the nineteenth century to the 1994 midterm elections, Golden Rule shows that voters are 'right on the money.'Thomas Ferguson breaks completely with traditional voter centered accounts of party politics. In its place he outlines an 'investment approach,' in which powerful investors, not unorganized voters, dominate campaigns and elections. Because businesses 'invest' in political parties and their candidates, changes in industrial structuresbetween large firms and sectorscan alter the agenda of party politics and the shape of public policy.Golden Rule presents revised versions of widely read essays in which Ferguson advanced and tested his theory, including his seminal study of the role played by capital intensive multinationals and international financiers in the New Deal. The chapter 'Studies in Money Driven Politics' brings this aspect of American politics into better focus, along with other studies of Federal Reserve policy making and campaign finance in the 1936 election. Ferguson analyzes how a changing world economy and other social developments broke up the New Deal system in our own time, through careful studies of the 1988 and 1992 elections. The essay on 1992 contains an extended analysis of the emergence of the Clinton coalition and Ross Perot's dramatic independent insurgency. A postscript on the 1994 elections demonstrates the controlling impact of money on several key campaigns.This controversial work by a theorist of money and politics in the U.S. relates to issues in campaign finance reform, PACs, policymaking, public financing, and how today's elections work.
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We provide a 2-year limited warranty, from the date of purchase for all our products.
If you believe you have received a defective product, or are experiencing any problems with your product, please contact us.
This warranty strictly does not cover damages that arose from negligence, misuse, wear and tear, or not in accordance with product instructions (dropping the product, etc.).
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Frequently Asked Questions
- Q: What is the main argument presented in 'Golden Rule'? A: The main argument of 'Golden Rule' is that powerful financial interests, rather than unorganized voters, primarily determine political party nominations and influence political agendas.
- Q: Who is the author of 'Golden Rule'? A: 'Golden Rule' is authored by Thomas Ferguson, a theorist known for his work on money and politics in the United States.
- Q: What is the publication date of this book? A: 'Golden Rule' was published on June 15, 1995.
- Q: How many pages is 'Golden Rule'? A: 'Golden Rule' has a total of 440 pages.
- Q: What is the binding type of this book? A: 'Golden Rule' is available in a paperback binding.
- Q: What topics does 'Golden Rule' cover? A: 'Golden Rule' covers topics related to campaign finance, political party dynamics, policymaking, and the influence of money in elections.
- Q: Is 'Golden Rule' suitable for academic study? A: Yes, 'Golden Rule' is part of the American Politics and Political Economy Series and provides in-depth analysis suitable for academic study.
- Q: What type of reader would benefit from this book? A: Readers interested in political science, campaign finance reform, and the dynamics of American political systems would benefit from this book.
- Q: Does 'Golden Rule' include case studies or examples? A: Yes, 'Golden Rule' includes various case studies, including analyses of elections from the nineteenth century to the 1994 mid-term elections.
- Q: What is the edition of 'Golden Rule'? A: 'Golden Rule' is in its first edition.