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GOLDEN RULE

THE INVESTMENT THEORY OF PARTY COMPETITION AND THE LOGIC OF MONEY-DRIVEN POLITICAL SYSTEMS

An arresting collection of revisionist essays that (despite what will strike most readers as a surfeit of donnish baggage) put a fresh spin on Tip O'Neill's dictum that money is the mother's milk of politics. Drawing on a wealth of previously ignored data on the financing of presidential campaigns, Ferguson (coauthor of Right Turn, 1986, etc.) offers provocative perspectives on realpolitik informed by what he calls investment theory. In brief, he concludes that it is not voters who form the lifeblood of American political parties but rather powerful blocs of business elites with durable (largely economic) interests. Among other advantages, they have the resources to master issues and the financial means to invest in the election of candidates prepared to keep the ship of state on courses of their choosing. Since political action in the US has become so expensive, Ferguson argues, well-heeled elites set agendas and influence deliberations and debate: ``Everyone else watches on TV,'' he notes. Employing anecdotal as well as statistical evidence drawn from the past two centuries (including the 1994 contest that gave the Republicans control of Congress), the author makes a persuasive case for the sardonic observation that those who control the gold rule. Cases in point range from the willingness of internationally minded industrialists and Wall Streeters to support FDR, through the reasons why realty groups cut their contributions to conservative Democrats during the 1980s (mainly because the cities and infrastructure projects had to compete with the Pentagon for federal dollars). Citing Ross Perot, Ferguson asserts that ``with enough money, candidates can pole vault over the whole rotting structure of party politics in America....'' As a card-carrying academic, the author feels obliged to deconstruct the hypotheses of rival scholars, frequently in excruciating detail. This considerable cavil apart, a genuinely original and disturbingly convincing interpretation of what underlies vox populi. Helpful graphs and tabular material throughout.

Pub Date: June 1, 1995

ISBN: 0-226-24316-8

Page Count: 419

Publisher: Univ. of Chicago

Review Posted Online: May 19, 2010

Kirkus Reviews Issue: April 15, 1995

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WHEN BREATH BECOMES AIR

A moving meditation on mortality by a gifted writer whose dual perspectives of physician and patient provide a singular...

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A neurosurgeon with a passion for literature tragically finds his perfect subject after his diagnosis of terminal lung cancer.

Writing isn’t brain surgery, but it’s rare when someone adept at the latter is also so accomplished at the former. Searching for meaning and purpose in his life, Kalanithi pursued a doctorate in literature and had felt certain that he wouldn’t enter the field of medicine, in which his father and other members of his family excelled. “But I couldn’t let go of the question,” he writes, after realizing that his goals “didn’t quite fit in an English department.” “Where did biology, morality, literature and philosophy intersect?” So he decided to set aside his doctoral dissertation and belatedly prepare for medical school, which “would allow me a chance to find answers that are not in books, to find a different sort of sublime, to forge relationships with the suffering, and to keep following the question of what makes human life meaningful, even in the face of death and decay.” The author’s empathy undoubtedly made him an exceptional doctor, and the precision of his prose—as well as the moral purpose underscoring it—suggests that he could have written a good book on any subject he chose. Part of what makes this book so essential is the fact that it was written under a death sentence following the diagnosis that upended his life, just as he was preparing to end his residency and attract offers at the top of his profession. Kalanithi learned he might have 10 years to live or perhaps five. Should he return to neurosurgery (he could and did), or should he write (he also did)? Should he and his wife have a baby? They did, eight months before he died, which was less than two years after the original diagnosis. “The fact of death is unsettling,” he understates. “Yet there is no other way to live.”

A moving meditation on mortality by a gifted writer whose dual perspectives of physician and patient provide a singular clarity.

Pub Date: Jan. 19, 2016

ISBN: 978-0-8129-8840-6

Page Count: 248

Publisher: Random House

Review Posted Online: Sept. 29, 2015

Kirkus Reviews Issue: Oct. 15, 2015

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GOOD ECONOMICS FOR HARD TIMES

Occasionally wonky but overall a good case for how the dismal science can make the world less—well, dismal.

“Quality of life means more than just consumption”: Two MIT economists urge that a smarter, more politically aware economics be brought to bear on social issues.

It’s no secret, write Banerjee and Duflo (co-authors: Poor Economics: A Radical Rethinking of the Way To Fight Global Poverty, 2011), that “we seem to have fallen on hard times.” Immigration, trade, inequality, and taxation problems present themselves daily, and they seem to be intractable. Economics can be put to use in figuring out these big-issue questions. Data can be adduced, for example, to answer the question of whether immigration tends to suppress wages. The answer: “There is no evidence low-skilled migration to rich countries drives wage and employment down for the natives.” In fact, it opens up opportunities for those natives by freeing them to look for better work. The problem becomes thornier when it comes to the matter of free trade; as the authors observe, “left-behind people live in left-behind places,” which explains why regional poverty descended on Appalachia when so many manufacturing jobs left for China in the age of globalism, leaving behind not just left-behind people but also people ripe for exploitation by nationalist politicians. The authors add, interestingly, that the same thing occurred in parts of Germany, Spain, and Norway that fell victim to the “China shock.” In what they call a “slightly technical aside,” they build a case for addressing trade issues not with trade wars but with consumption taxes: “It makes no sense to ask agricultural workers to lose their jobs just so steelworkers can keep theirs, which is what tariffs accomplish.” Policymakers might want to consider such counsel, especially when it is coupled with the observation that free trade benefits workers in poor countries but punishes workers in rich ones.

Occasionally wonky but overall a good case for how the dismal science can make the world less—well, dismal.

Pub Date: Nov. 12, 2019

ISBN: 978-1-61039-950-0

Page Count: 432

Publisher: PublicAffairs

Review Posted Online: Aug. 28, 2019

Kirkus Reviews Issue: Sept. 15, 2019

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