Capitalism, Not Globalism: Capital Mobility, Central Bank Independence, and the Political Control of the Economy (Michigan Studies In International Political Economy)

Capitalism, Not Globalism shows that, while much has been made of recent changes in the international economy, the mechanisms by which politicians control the economy have not changed throughout the postwar period. Challenging both traditional and revisionist globalization theorists, William Roberts Clark argues that increased financial integration has led to neither a widening nor a narrowing of partisan differences in macroeconomic polices or outcomes. Rather, he shows that the absence of partisan differences in macroeconomic policy is a long-standing feature of democratic capitalist societies that can be traced to politicians' attempts to use the economy to help them survive in office. Changes in the structural landscape such as increased capital mobility and central bank independence do not necessarily diminish the ability of politicians to control the economy, but they do shape the strategies they use to do so. In a world of highly mobile capital, politicians manipulate monetary policy to create macroeconomic expansions prior to elections only if the exchange rate is flexible and the central bank is subservient. But they use fiscal policy to induce political business cycles when the exchange rate is fixed or the central bank is independent. William Roberts Clark is Assistant Professor, Department of Politics, New York University.

Business & Money

Clark, William Roberts

Economics

University of Michigan Press

Take a sneak peak inside!Click on the link below to preview chapters one. Order your exam copy today by clicking on the "Request an Exam Copy" link above. Chapter 1 
An introduction to comparative politics should be a window onto the real world of comparative inquiry, research, and scholarship. At last, a groundbreaking text gives students meaningful insight into how cross-national comparison is actually conducted, and why it matters: the enduring questions that scholars grapple with, the issues about which consensus has started to emerge, and the tools comparativists use to get at the complex and interesting problems at the heart of the field. Beginning with a clear and straightforward discussion of the comparative and scientific methods, each chapter outlines the debates about the political phenomena that drive current research, such as state failure, the economic and cultural determinants of democracy, or the effects of regime type and electoral system. The authors show students how comparativists construct and test theories, applying the principles of the scientific method and simple game theory to a wide variety of examples and cases. Students won’t get lost in detail they’ll never use or remember and instead learn exactly why the variations across institutional structures and functions are important. The book’s outstanding pedagogy includes:
<ul>
<li>Chapter opener overviews to summarize key points from the text;</li>
<li>Bolded key terms and a marginal glossary to help students identify and manage concepts;</li>
<li>Rich and comprehensive data, helpfully schematized in more than 250 tables and figures;</li>
<li>An excellent photo and map program to highlight the book’s thematic and substantive goals;</li>
<li>End of chapter lists of key concepts, with page references;</li>
<li>End of chapter problem sets of 5-10 problems each to help students work through the comparative puzzles and game theory examples;</li>
<li>A comprehensive bibliography;</li>
<li>Appendix materials to support chapter problems as well as encourage further research.</li>
</ul>

Principles of Comparative Politics

Golder, Matt

Golder, Sona N.

Legal Theory & Systems

CQ Press

Foundations of Comparative Politics

Interaction Models (Methodological Tools in the Social Sciences)

Politics & Social Sciences

Sociology

Cambridge University Press

Interaction Models: Specification and Interpretation (Methodological Tools in the Social Sciences)

Principles of Comparative Politics, 2nd Ed. + Electronic Edition

Golder, Nandenicheck Sona

Politics & Government

Cq Pr

Principles of Comparative Politics, 2nd Ed. + Contending Perspectives in Comparative Politics Package

GOLDER, SONA NADENICHEK

Mayer, Lawrence

The groundbreaking first edition of Principles of Comparative Politics offered the most comprehensive and up-to-date view of the rich world of comparative inquiry, research, and scholarship. Now, this thoroughly revised second edition offers students an even better guide to cross-national comparison and why it matters. The new edition retains its focus on the enduring questions with which scholars grapple, the issues about which consensus has started to emerge, and the tools comparativists use to get at the complex problems in the field. Improving organization and integrating the latest scholarship, important changes include: * A new "Varieties of Dictatorship" chapter; * Clearer headers signaling coverage of authoritarian regimes, and new sections highlighting resources on the study of authoritarianism; * An expanded program of world maps showing key attributes of national political systems; * Reorganization of the "What is Science?" chapter with a focus on the scientific method and reduced emphasis on Mill's Methods; * A streamlined "Problems with Group Decision Making" chapter that focuses on government formation and collapse as a principle-agent problem; * Timely analysis of developments in the Middle East as part of the "Democratic Transitions" chapter including an examination of the use of coordinating devices and differences within the region focusing on outcomes and coalitions; * Updates for current events, including coverage of late Bush and Obama era policies, war in Somalia, the intervention in Libya, and more. The book's outstanding pedagogy includes chapter opener overviews, bolded key terms and a marginal glossary, more than 250 tables and figures, numerous photos and maps, end of chapter problem sets, and new works cited and country-specific bibliographies.

William Roberts Clark, Matt Golder, and Sona Nadenichek Golder’s groundbreaking Principles of Comparative Politics offers the most comprehensive and up-to-date introduction to comparative inquiry, research, and scholarship. In this thoroughly revised Third Edition, readers have an even better guide to cross-national comparison and why it matters. Readers are offered a new intuitive take on statistical analyses and a clearer explanation of how to interpret regression results; a thoroughly-revised chapter on culture and democracy that now includes a more extensive discussion of cultural modernization theory and a new overview of survey methods for addressing sensitive topics; and a revised chapter on dictatorships that incorporates a principal-agent framework for understanding authoritarian institutions. Examples from the gender and politics literature have been incorporated into various chapters and empirical examples and data on various types of institutions have been updated. The book′s outstanding pedagogy includes more than 250 tables and figures, numerous photos and maps, end of chapter exercises and problem sets, and a broader set of works cited. 
New to this Edition <ul>
<li>A new intuitive take on statistical analyses and a clearer explanation of how to interpret regression results are included.</li> <li>A thoroughly-revised chapter on culture and democracy includes a more extensive discussion of cultural modernization theory and a new overview of survey methods for addressing sensitive topics.</li> <li>A revised chapter on dictatorships incorporates a principal-agent framework for understanding authoritarian institutions.</li> <li>Examples from the gender and politics literature have been incorporated into various chapters.</li> <li>Empirical examples and data on various types of institutions have been updated.</li> <li>Online videos and tutorials guide students through some of the methodological components addressed in the book.</li> </ul>

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