This book synthesizes and extends modern political-economic theory to explain the postwar evolution of macroeconomic policy in developed democracies. Chapters 2

Two forces affect the success of stabilization in both dramatic and dictatorial systems: (1) the policymakers' incentive to retain power and (2) society's polar

First published in 1990. Routledge is an imprint of Taylor & Francis, an informa company.

The word ‘rationality’ and its cognates, like ‘reason’, have multiple contexts and connotations. Rational calculation can be contrasted with rational in