An Economic Theory of Democracy.
Midwest Journal of Political SciencePublished 1 August 1958
Edward C. Banfield, Anthony J. Downs
Citations18,909
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Abstract
Downs presents a rational calculus of voting that has inspired much of the later work on voting and turnout. Particularly significant was his conclusion that a rational voter should almost never bother to vote. This conclusion, especially as elaborated on by Riker and Ordeshook (1968) has shifted the attention of modern political scientists from explaining why people don't vote to explaining why they do.
Keywords
Economics, Econometrics and Finance