Studies in Public Choice

Political Equilibrium: A Delicate Balance

Authors: Ordeshook, Peter C., Shepsle, K.A.

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About this book

Peter C. Ordeshook and Kenneth A. Shepsle If the inaugural date of modern economics is set at 1776 with the publication of Adam Smith's The Wealth of Nations, then the analytical tradition in the study of politics is not even a decade younger, commencing nine years later with the publication of the Marquis de Condorcet's Essai sur l'application de l'analyse iz la probabilite des decisions rendues iz la pluralite des voix. The parallel, however, stops there for, unlike Smith and other classical economists who laid an intel­ lectual foundation upon which a century of cumulative scientific research pro­ ceeded, analytical political science suffered fits and starts. Condorcet, himself, acknowledges the earlier work (predating the Essai by some fourteen years) of Borda and, from time to time during the nineteenth century, their contributions were rediscovered by Dodgson, Nanson, and other political philosophers and arithmeticians. But, by century's end, there was nothing in political science to compare to the grand edifice of general equilibrium theory in neoclassical eco­ nomics. Despite roots traversing two centuries, then, the analytical study of poli­ tics is a twentieth-century affair. The initial inspiration and insight of Condorcet was seized upon just after World War II by Duncan Black, who wrote several papers on the equilibrium properties of majority rule in specific contexts (Black, 1948a,b). He expanded upon these themes in his now deservedly famous monograph, The Theory of xi PREFACE xii Committees and Elections, and the lesser-known essay with R. A.

Table of contents (1 chapter)

  • Equilibrium, Disequilibrium, and the General Possibility of a Science of Politics

    Morris P. Fiorina, Kenneth A. Shepsle

    Pages 49-64

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Buy this book

eBook $159.00 net
( price for USA )
  • ISBN 978-94-009-7380-0
  • digitally watermarked, no DRM
  • included format: PDF
  • eBooks can be used on all Reading Devices
Hardcover $209.00 net
( price for USA )
  • ISBN 978-0-89838-073-6
  • free shipping for individuals worldwide
  • usually dispatched within 3 to 5 business days
Softcover $209.00 net
( price for USA )
  • ISBN 978-94-009-7382-4
  • free shipping for individuals worldwide
  • usually dispatched within 3 to 5 business days

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Bibliographic Information

Bibliographic Information
Book Title
Political Equilibrium: A Delicate Balance
Series Title
Studies in Public Choice
Series Volume
4
Copyright
1982
Publisher
Springer Netherlands
Copyright Holder
Kluwer · Nijhoff Publishing
eBook ISBN
978-94-009-7380-0
DOI
10.1007/978-94-009-7380-0
Hardcover ISBN
978-0-89838-073-6
Softcover ISBN
978-94-009-7382-4
Series ISSN
0924-4700
Edition Number
1
Topics