Problems associated with cronyism, corporatism, and policies that favor the elite over the masses have received increasing attention in recent years. Political Capitalism explains that what people often view as the result of corruption and unethical behavior are symptoms of a distinct system of political economy. The symptoms of political capitalism are often viewed as the result of government intervention in a market economy, or as attributes of a capitalist economy itself. Randall G. Holcombe combines well-established theories in economics and the social sciences to show that political capitalism is not a mixed economy, or government intervention in a market economy, or some intermediate step between capitalism and socialism. After developing the economic theory of political capitalism, Holcombe goes on to explain how changes in political ideology have facilitated the growth of political capitalism, and what can be done to redirect public policy back toward the public interest.
Elites have a disproportionate impact on development outcomes. While a country's endowments constitute the deep determinates of growth, the trajectory they follow is shaped by the actions of elites. But what factors affect whether elites use their influence for individual gain or national welfare? To what extent do they see poverty as a problem? And are their actions today constrained by institutions and norms established in the past? This volume looks at case studies from South Africa to China to seek a better understanding of the dynamics behind how elites decide to engage with economic development. Approaches include economic modelling, social surveys, theoretical analysis, and program evaluation. These different methods explore the relationship between elites and development outcomes from five angles: the participation and reaction of elites to institutional creation and change, how economic changes affect elite formation and circulation, elite perceptions of national welfare, the extent to which state capacity is part of elite self-identity, and how elites interact with non-elites.
This book argues that - in terms of institutional design, the allocation of power and privilege, and the lived experiences of citizens - democracy often does not restart the political game after displacing authoritarianism. Democratic institutions are frequently designed by the outgoing authoritarian regime to shield incumbent elites from the rule of law and give them an unfair advantage over politics and the economy after democratization. Authoritarianism and the Elite Origins of Democracy systematically documents and analyzes the constitutional tools that outgoing authoritarian elites use to accomplish these ends, such as electoral system design, legislative appointments, federalism, legal immunities, constitutional tribunal design, and supermajority thresholds for change. The study provides wide-ranging evidence for these claims using data that spans the globe and dates from 1800 to the present. Albertus and Menaldo also conduct detailed case studies of Chile and Sweden. In doing so, they explain why some democracies successfully overhaul their elite-biased constitutions for more egalitarian social contracts.
This handbook presents a comprehensive view of the current theory and research surrounding political elites, which is now a pivotal subject for academic study and public discourse. In 40 chapters by leading scholars, it displays the field’s richness and diversity. The handbook is organized in six sections, each introduced by a co-editor, focusing on theories about political elites, methods for studying them, their main structural and behavioral patterns worldwide, the differentiation and integration of political elite sectors, elite attributes and resources, and the dilemmas of political elites in this century. Forty years since Robert Putnam’s landmark Comparative Study of Political Elites, this handbook is an indispensable resource for scholars and students engaged in the study of this vibrant field.
The author is convinced that there is a ruling class in America today. He examines the American power structure as it has developed in the 1980s. He presents systematic, empirical evidence that a fixed group of privileged people dominates the American economy and government. The book demonstrates that an upper class comprising only one-half of one percent of the population occupies key positions within the corporate community. It shows how leaders within this "power elite" reach government and dominate it through processes of special-interest lobbying, policy planning and candidate selection. It is written not to promote any political ideology, but to analyze our society with accuracy.
A major introductory textbook for students of politics, sociology and public administration on theories of the state and of politics. The five core chapters each introduce a major school of thought providing a substantial analysis of the methodology and philosophy, as well as the main objections and criticisms to which each has given rise. The theories and examples are drawn from a wide range of industrial societies.
This book critiques and extends the analysis of power in the classic, Who Rules America?, on the fiftieth anniversary of its original publication in 1967—and through its subsequent editions. The chapters, written especially for this book by twelve sociologists and political scientists, provide fresh insights and new findings on many contemporary topics, among them the concerted attempt to privatize public schools; foreign policy and the growing role of the military-industrial component of the power elite; the successes and failures of union challenges to the power elite; the ongoing and increasingly global battles of a major sector of agribusiness; and the surprising details of how those who hold to the egalitarian values of social democracy were able to tip the scales in a bitter conflict within the power elite itself on a crucial banking reform in the aftermath of the Great Recession. These social scientists thereby point the way forward in the study of power, not just in the United States, but globally. A brief introductory chapter situates Who Rules America? within the context of the most visible theories of power over the past fifty years—pluralism, Marxism, Millsian elite theory, and historical institutionalism. Then, a chapter by G. William Domhoff, the author of Who Rules America?, takes us behind the scenes on how the original version was researched and written, tracing the evolution of the book in terms of new concepts and research discoveries by Domhoff himself, as well as many other power structure researchers, through the 2014 seventh edition. Readers will find differences of opinion and analysis from chapter to chapter. The authors were encouraged to express their views independently and frankly. They do so in an admirable and useful fashion that will stimulate everyone’s thinking on these difficult and complex issues, setting the agenda for future studies of power.
This book demonstrates exactly how the corporate rich developed and implemented the policies and government structures that allowed them to dominate America in the 20th-century. Written with unparalleled insight, Domhoff offers a remarkable look into the nature of power during a pivotal time, with added significance for the current era.