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Currency politics
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ISBN: 0691173842 1400865344 9781400865345 9781322341309 1322341303 9780691164151 0691164150 Year: 2015 Publisher: Princeton

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Abstract

The exchange rate is the most important price in any economy, since it affects all other prices. Exchange rates are set, either directly or indirectly, by government policy. Exchange rates are also central to the global economy, for they profoundly influence all international economic activity. Despite the critical role of exchange rate policy, there are few definitive explanations of why governments choose the currency policies they do. Filled with in-depth cases and examples, Currency Politics presents a comprehensive analysis of the politics surrounding exchange rates.Identifying the motivations for currency policy preferences on the part of industries seeking to influence politicians, Jeffry Frieden shows how each industry's characteristics-including its exposure to currency risk and the price effects of exchange rate movements-determine those preferences. Frieden evaluates the accuracy of his theoretical arguments in a variety of historical and geographical settings: he looks at the politics of the gold standard, particularly in the United States, and he examines the political economy of European monetary integration. He also analyzes the politics of Latin American currency policy over the past forty years, and focuses on the daunting currency crises that have frequently debilitated Latin American nations, including Mexico, Argentina, and Brazil. With an ambitious mix of narrative and statistical investigation, Currency Politics clarifies the political and economic determinants of exchange rate policies.


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Accelerating Democracy
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ISBN: 1283864134 1400845459 0691166641 0691151024 9781400845453 9780691151021 Year: 2012 Publisher: Princeton, NJ

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Successful democracies throughout history--from ancient Athens to Britain on the cusp of the industrial age--have used the technology of their time to gather information for better governance. Our challenge is no different today, but it is more urgent because the accelerating pace of technological change creates potentially enormous dangers as well as benefits. Accelerating Democracy shows how to adapt democracy to new information technologies that can enhance political decision making and enable us to navigate the social rapids ahead. John O. McGinnis demonstrates how these new technologies combine to address a problem as old as democracy itself--how to help citizens better evaluate the consequences of their political choices. As society became more complex in the nineteenth century, social planning became a top-down enterprise delegated to experts and bureaucrats. Today, technology increasingly permits information to bubble up from below and filter through more dispersed and competitive sources. McGinnis explains how to use fast-evolving information technologies to more effectively analyze past public policy, bring unprecedented intensity of scrutiny to current policy proposals, and more accurately predict the results of future policy. But he argues that we can do so only if government keeps pace with technological change. For instance, it must revive federalism to permit different jurisdictions to test different policies so that their results can be evaluated, and it must legalize information markets to permit people to bet on what the consequences of a policy will be even before that policy is implemented. Accelerating Democracy reveals how we can achieve a democracy that is informed by expertise and social-scientific knowledge while shedding the arrogance and insularity of a technocracy.

Keywords

Information technology --- Technological innovations --- Democracy. --- Democratization. --- Democratic consolidation --- Democratic transition --- Self-government --- Breakthroughs, Technological --- Innovations, Industrial --- Innovations, Technological --- Technical innovations --- Technological breakthroughs --- Technological change --- Political aspects. --- SOCIAL SCIENCE / General. --- LAW / Science & Technology. --- POLITICAL SCIENCE / Political Process / General. --- POLITICAL SCIENCE / General. --- Political science --- Equality --- Representative government and representation --- Republics --- Creative ability in technology --- Inventions --- Domestication of technology --- Innovation relay centers --- Research, Industrial --- Technology transfer --- New democracies --- Internet. --- administrative government. --- artificial intelligence. --- bias. --- collective decision making. --- computational advances. --- computer. --- cultural cognition. --- democracy. --- dispersed media. --- earmarks. --- education reform. --- elections. --- empirical analysis. --- empiricism. --- federalism. --- friendly AI. --- governance. --- government data. --- information age. --- information costs. --- information markets. --- information technology. --- innate majoritarian bias. --- knowledge falsification. --- machine intelligence. --- majority rule. --- modern technology. --- political bias. --- political campaigns. --- political culture. --- political decision making. --- political information. --- political life. --- political prediction markets. --- politics. --- public action problem. --- public policy. --- regulation. --- representation. --- social governance. --- social knowledge. --- social planning. --- social policy. --- social science. --- social-scientific knowledge. --- special interests. --- status quo. --- technocracy. --- technological acceleration. --- technological change. --- term limits.

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