Freedom, Opportunity, and Security

Economic Policy and the Political System

by Douglas Downing, published by Lexington books

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This book considers many questions of economic policy. For example:
  • why Keynesians are right that aggregate demand stabilization is crucial, but wrong to think that discretionary policy is the best way to achieve it.
  • Government debt could be good or could be bad, depending on what it is used for and how it will be paid back.
  • Greedy lenders caused the mortgage crisis, but that greed alone cannot explain why lenders would carelessly lend heedless of the prospects for repayment.
  • Concentrated economic power is a problem, but there is risk that government policy ostensibly exercised to benefit the powerless can in fact be twisted to further enrich the rich.
  • Even when we know the best economic policy, there is a problem if the political system rewards candidates who support narrow-interest policies more than general-interest policies.
  • This book offers strategies to improve our dysfunctional presidential nomination system and uncompetitive congressional elections
Click on these links for:
note: The page numbers mentioned on this page refer to a page in the book where that particular link is mentioned

Legislation related to the book

Data Sources

General Political System Links

News stories

Academic articles

Detailed appendices

note: the text of the book itself is not mathematical, but some of the appendices use advanced calculus

General economics links


About the author

Douglas Downing has taught economics and quantitative
methods at the School of Business, Government, and
Economics at Seattle Pacific University since 1983.
He studied at Yale, earning a B.S. with double majors
in economics/political science and astronomy/physics in 1979,
and a Ph.D. in economics in 1987.
He has written 15 books, many of which have been published
in multiple editions. They include a trilogy of math textbooks
(Algebra, Trigonometry, Calculus) written as adventure novels.
He is co-author
of Dictionary of Computer and Internet Terms
and Business Statistics and has written other books on
math andcomputer programming.
He has been a leader for study abroad trips in China.
His mother Peggy wrote children's books and his father Robert was
business director at a public school district.
home page for Douglas Downing
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