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Unformatted text preview: Lecture 1. Foundations of Political Economy 1. Political economy as study of the influence of economic interest/conditions on political outcomes/policies. • Socioeconomic characteristics of voters in 2006 congressional elections: http://www.cnn.com/ELECTION/2006/pages/results/states/US/H/00/epolls.0.html • On the influence of economic factors on electoral outcomes (and the reasons why both Obama and McCain support loan subsidies to “domestic” auto producers), compare the location of light auto assembly plants (1 st figure below). • More generally, see Fair’s economic model predicting presidential election outcomes: http://fairmodel.econ.yale.edu/vote2008/computev.htm Note: Professor Fair will speak at Columbia on Friday Oct. 24 from 4-6pm and offer his perspective on the election. More details to follow! 2. Alternative view addresses fundamental or underlying questions: • Size and scope of – or boundary between – the private and public sectors. Contrast principles of Republican vs. Democratic tax policy.principles of Republican vs....
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- Spring '08
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