The 2016 election of Donald J. Trump invoked a time for reflection about the state of American politics and its deep ideological, cultural, racial, regional, and economic divisions. But one aspect that the contemporary discussions often miss is that these fissures have been opening over several decades and are deeply rooted in the structure of American politics and society. In Polarization: What Everyone Needs to Know® Nolan McCarty takes readers through what scholars know and don...

How governmental failure led to the 2008 financial crisis—and what needs to be done to avoid another similar eventBehind every financial crisis lurks a "political bubble"—policy biases that foster market behaviors leading to financial instability. Rather than tilting against risky behavior, political bubbles—arising from a potent combination of beliefs, institutions, and interests—aid, abet, and amplify risk. Demonstrating how political bubbles helped create the re...

Updated analysis of how the increasing polarization of American politics has been accompanied and accelerated by greater income inequality.The idea of America as politically polarized—that there is an unbridgeable divide between right and left, red and blue states—has become a cliché. What commentators miss, however, is that increasing polarization has been closely accompanied by fundamental social and economic changes—most notably, a parallel rise in income inequa...

Political Game Theory is a self-contained introduction to game theory and its applications to political science. The book presents choice theory, social choice theory, static and dynamic games of complete information, static and dynamic games of incomplete information, repeated games, bargaining theory, mechanism design and a mathematical appendix covering, logic, real analysis, calculus and probability theory. The methods employed have many applications in various disciplines including co...

The 2016 election of Donald J. Trump invoked a time for reflection about the state of American politics and its deep ideological, cultural, racial, regional, and economic divisions. But one aspect that the contemporary discussions often miss is that these fissures have been opening over several decades and are deeply rooted in the structure of American politics and society. In Polarization: What Everyone Needs to Know® Nolan McCarty takes readers through what scholars know and don...

The 2016 election of Donald J. Trump invoked a time for reflection about the state of American politics and its deep ideological, cultural, racial, regional, and economic divisions. But one aspect that the contemporary discussions often miss is that these fissures have been opening over several decades and are deeply rooted in the structure of American politics and society.In Polarization: What Everyone Needs to Know Nolan McCarty takes readers through what scholars know a...

Can America Govern Itself? brings together a diverse group of distinguished scholars to analyze how rising party polarization and economic inequality have affected the performance of American governing institutions. It is organized around two themes: the changing nature of representation in the United States; and how changes in the political environment have affected the internal processes of institutions, overall government performance, and policy outcomes. The chapters in this volume ana...

One of the most urgent challenges in African economic development is to devise a strategy for improving statistical capacity. Reliable statistics, including estimates of economic growth rates and per-capita income, are basic to the operation of governments in developing countries and vital to nongovernmental organizations and other entities that provide financial aid to them. Rich countries and international financial institutions such as the World Bank allocate their deve...

'A valuable corrective to the fraying narrative of [African] failure.'Foreign AffairsNot so long ago, Africa was being described as the hopeless continent. Recently, though, talk has turned to Africa rising, with enthusiastic voices exclaiming the potential for economic growth across many of its countries.What, then, is the truth behind Africa's growth, or lack of it? In this provocative book, Morten Jerven fundamentally reframes the debate, challenging main...

Winner of the Nobel Prize in Economics and author of the New York Times bestselling book Globalization and Its Discontents, Joseph E. Stiglitz here joins with fellow economist Andrew Charlton to offer a challenging and controversial argument about how globalization can actually help Third World countries to develop and prosper. In Fair Trade For All, Stiglitz and Charlton address one of the key issues facing world leaders today--how can the poorer countries of th...

A concise introduction to the ways in which the world's federations manage their finances. Topics covered include the distribution of taxation powers among different levels of government; regional equalization schemes; authority over natural resource revenues; and the impact of federal systems of government on pension, welfare, and income assistance programs. The book targets second-, third-, and fourth-year courses in Federalism and Comparative Politics at the university level, and will also...

In no other country has health care served as such a volatile flashpoint of ideological conflict. America has endured a century of rancorous debate on health insurance, and despite the passage of legislation in 2010, the battle is not yet over. This book is a history of how and why the United States became so stubbornly different in health care, presented by an expert with unsurpassed knowledge of the issues. Tracing health-care reform from its beginnings to its current uncertain prospects...