Contains 23 seminal papers published between 1943 and 1994. The
papers in the first three sections include surveys, such as William
D. Nordhaus' "Alternative Approaches to the Political Business Cycle"
(1989); forerunners, including one forgotten 1943 article by Michael
Kalecki; and empirical accounts of the political cycle. The central
contributions to the field are presented under three headings: the
vote maximizing models, the partisan models, and the
vote-cum-partisan models. The final sections discuss the rational
political business cycles; some extensions, such as political systems
beyond representative democracies; and the policy relevance of
political business cycles. No index.
Annotation c. by Book News, Inc., Portland, Or.