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Books > Social sciences > Politics & government > Political control & freedoms > Political control & influence > Political campaigning & advertising
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The Economic Realities of Political Reform - Elections and the US Senate (Hardcover, New)
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The Economic Realities of Political Reform - Elections and the US Senate (Hardcover, New)
Series: Murphy Institute Studies in Political Economy
Expected to ship within 12 - 17 working days
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A central political issue in American politics during the 1990s is
the need for political campaign reform. A variety of proposals have
been advanced to reform the system of congressional elections, most
notably in relation to campaign financing. The authors examine U.S.
Senate elections to determine the role money plays in the contests;
their analysis indicates that the system of campaign finance
resembles a market, with legislators serving as the recipients of
financial largesse based on their institutional positions and
political vulnerability. This rent-seeking relationship between
economic interests and legislators has transformed the dynamic of
Senate elections. Assessing the potential impact of several
electoral reform proposals, Professors Regens and Gaddie argue that
debates over the nature and consequences of proposed changes in
election finance are often waged without an underlying point of
theoretical reference. In addition, little consideration is placed
upon impacts relative to each other or collectively on the
political system. Spending limits and public funding proposals,
they contend, will not have the effects expected by reform
advocates. Term limit and public funding proposals would disrupt
the rent-seeking relationship between legislators and economic
interests, and these proposals would also face political and
constitutional barriers to implementation.
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