November, 2012

Madmen, Intellectuals, and Academic Scribblers

The Economic Engine of Political Change
  • Edward López

    BB&T Distinguished Professor of Capitalism, Western Carolina University
  • Wayne Leighton

    Chief, Federal Communications Commission
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How and when does political change happen? Madmen, Intellectuals, and Academic Scribblers tackles these big questions, arguing that ideas and entrepreneurship are the key ingredients in any episode of political change. Authors Wayne A. Leighton and Edward J. López begin with the first lesson in economics -- incentives matter -- and artfully explain how the lesson applies throughout political life. Incentives explain why democracies often generate policies that impose net costs on society, and why these inefficient policies persist for years.

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