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Ideology, public approval, and government behavior

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Conclusion

Finally, one must add that not all political cycles are caused by economic factors, and vice versa. The important point is the explicit recognition of their mutual interdependence.

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Authors
  1. Lawrence J. Lau
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  2. Bruno Frey
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Additional information

The authors are, respectively, assistant professor of economics, Stanford University and lecturer in political economy, University of Basel. This is a revised version of a paper presented at the Winter Meeting of the Econometric Society, Evanston, Illinois, December 27–30, 1968. An early draft of this paper has benefitted from the helpful advice of Professors K. J. Arrow, D. Black, A. F. Burns, M. Kurz and A. S. Manne. Financial assistance from the Institute of International Studies, University of California, Berkeley, for part of the research is gratefully acknowledged. Remaining errors are the responsibility of the authors.

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Lau, L.J., Frey, B. Ideology, public approval, and government behavior. Public Choice 10, 21–40 (1971). https://doi.org/10.1007/BF01718620

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