This website uses cookies to ensure you have the best experience. Learn more

The Paradox Of Electoral Economics Essay

2064 words - 9 pages

The paradox of electoral economics focuses on how governments interact with conditions of economic growth. Additionally, this paradox includes the government’s interactions with market economies and how the economic interactions coincide with politics. The paradox of electoral economics states that all governments require positive economic performance. In other words, governments need up to par economies in order to sustain their own foundation, weak economy means weak infrastructure. The paradox also requires support and compliance and states that democratic governments are particularly vulnerable to economic performance. This is particularly seen through the connection of politics and ...view middle of the document...

In short, according to the paradox of electoral economics, government decisions can lead to reelections in democracies, negative effects to economic performance, such as low growth or inflation and ultimately debt.
Going back to the idea of political economy as public choice and the notion that governments make choices subject to economic consideration based on performance.
Focusing on states and markets, it is important to note that costs and benefits of state government intervention do not argue for or against regelation. This issue begins when governments enact a certain regulation because of consequences, or purely based on reasons, such as health and safety. Transitioning, to the market-efficient production and distribution model, a market is an institution or a human behavioral practice that is engrained within institutions such as property rights and contracts. In other words, the market-efficient production mode, demonstrates that markets are the foundation of human institutions and interactions, concerning issues of property rights and contracts. This model also entails the ideas of price signals and allocation of scarce resources, but firstly it is important to note that all civilization exists under this basis and that all labor is distributed under scarce signals, “excessive wage demands has stifled profitability, robbing firms of the incentive to invest” (Eichengreen , pg.32).This in short refers to the notion that inefficiency would increase if we, as society, had to go to the government every time we needed something.
Furthermore, it is critical to add the understanding of opportunity costs when explaining the paradox of electoral economics. Opportunity costs or the cost of opportunities, is explained by this example, if you value going to a concert for two hundred dollars and found a ticket on the ground for that particular concert, would you resell the ticket for a profit or keep the ticket and go to the concert. The opportunity costs in this example is that if you go to the concert, you lose money but gain the experience of the concert, whereas reselling the ticket would increase the amount of money you have, yet with the sacrifice of not attending the concert. Productivity is also another facet of this economical paradox; it helps to explain the relationship between inputs and outputs. In short, the amount put into something increases the amount you get out of it, which thus incentivizes putting certain costs into things, because productivity is increased when you work harder towards something’s.
The next facet of this economic paradox is that pertaining competition, in short the idea of supply and demand. The notion of supply and demand helps to affect prices; additionally competition in and of itself is part of the logic of a market where prices signal services and goods. This facet of competition also correlates with the idea of micro-incentives, in the sense of valuing greed, virtues, and efficiency. Attitudes in...

Find Another Essay On The Paradox of Electoral Economics

the origin of electoral college Essay

825 words - 3 pages      In the United States of America, the presidential election takes place every four years, on the first Tuesday of November [1]. Most people believe they are directly voting for the presidential candidate, and the person with the most popular votes will win the election. However, instead of voting for the presidential candidate, people are voting for the electors, individuals who vote in the Electoral College

Abolishment of the Electoral College Essay

795 words - 4 pages Did you know as a citizen when you vote, your vote doesn’t directly decide who becomes president? It’s the electors in the Electoral College that really pick the president. The Electoral College, which is made up of five hundred thirty- eight electors, is a process established by the founding fathers in the Constitution, in which the president and vice president are elected. Every four years, voters all over the United States vote with the

History of the Electoral College

987 words - 4 pages History of the Electoral College The Electoral College is the name for the electors who nominally choose the president and vice president of the United States. Each of the states receives a certain number of electors, which is determined by the total number of senators and representatives it sends to the U.S. Congress. Therefore, each state has at least 3 electors. The Electoral College was devised by the Framers of the Constitution as

Overview of the Paradox of Praxis 1

1979 words - 8 pages The Paradox of Praxis 1 (Sometimes Making Something Leads to Nothing) is a performance and conceptual work of art by the artist, Francis Alÿs. The work is set in Mexico City, Mexico in 1977 and is four minutes and fifty-nine seconds long. This video shows Francis Alÿs pushing a large block of ice around the city, until it has melted into nothing. The introduction of the film shows the alternative name of the work, Sometimes Making Something

Comparative Critique Of The princesses Paradox

1057 words - 4 pages Comparative CritiqueIn the "Princess Paradox" James Poniewozik starts out his article by taking a stance against the princess movement, but then throughout the rest of his article he talks about how the movement is good for young girls by showing that they can control their own destiny. Unlike the "Princess Paradox", Peggy Orenstein's article "Cinderella and Princess Culture" takes a stance against the princess movement by stating that the

The Paradox of A Clockwork Orange

2028 words - 8 pages        The grace of evil in A Clockwork Orange is a recurring paradox throughout the novel and also implies a deep religious connotation. The main foci are the several aspects of evil, violence, and sexual acts committed by Alex and his gang members. However, Anthony Burgess has cleverly incorporated similar paradoxes to that of grace and evil, along with a different dialect to aid in masking the true harshness that lies underneath the

The paradox of discovery in mary shelley

1802 words - 7 pages The Paradox of Discovery in Mary Shelley's Frankenstein Jacob Wickham October 10, 2011 Writing and Research Professor Frazier The Idea of Discovery in Mary Shelley's Frankenstein In Mary Shelley's Frankenstein, the idea of discovery is a central theme: original discovery is wonderful and naive, yet ends in desolation and corruption. The ambitions of both Frankenstein and Walton (to

The Unfairness of the Electoral College

925 words - 4 pages Established in Article II of the Constitution, the Electoral College was created as a compromise between those who wanted the people to elect the President and those who wanted Congress to elect the President. This system calls for the people to vote for electors who would then in turn vote to determine who gets the presidency. These electors would be chosen by each state party committee, and they would equal the number of Senators and

The Purpose of the Electoral College

1425 words - 6 pages Tuesday, November seventh, the year 2000; fourteen years ago, millions upon millions of Americans cast their ballot for either Democratic candidate Al Gore or Republican George W. Bush for the presidency. Later in the election process the public would learn that Al Gore had won the popular vote of the nation. Also, the public learned that despite this fact, Bush had won the majority of the electoral votes, resulting in him becoming the next

The Importance of the Electoral College

1099 words - 4 pages The Importance of the Electoral College Though our founding fathers created the Electoral College over 200 years ago, it has been changed with time to accommodate modern needs and is still an important and necessary part of our electoral system. The Electoral College ensures political stability in our nation by encouraging the two-party system and also protects the interests of minorities. Furthermore, the Electoral College helps maintain

The Establishment of the Electoral College

1084 words - 4 pages The Electoral College is the system established by the Founding Fathers to select the President of the United States. It is important that Americans have a fundamental knowledge of this system, and the obstacles overcame in its development. There were many obstacles faced by the Founding Fathers while constructing the government. America was comprised of 13 states that wanted to protect their individual rights and leery of a strong centralized

Similar Essays

The Paradox Of Nothing Essay

679 words - 3 pages it into an ironic form of Nihilism, or faith in nothing, bringing with it her ultimate calamity. First impression includes much of Hulga’s character, with her repugnant and discriminating air, so starts the most interesting nihilistic paradox. So indignant and frustrated, seemingly with others but truly with herself. Her shallow ways contradicting with the nature of her knowledge, failing to live up to easily the oldest philosophical admonitions

The Paradox Of Capitalism Essay

2533 words - 11 pages Capitalism is an engine of economic growth that drives innovation faster than any sports car imaginable. Driving into oblivion can be thrilling, but it always has risks. The paradox of capitalism is subjective. For the working class, capitalism is a derogatory term symbolizing the exploitation of the poor by the strong and powerful. For the ruling class, it symbolizes a system where opportunities abound for those who are devoted, innovative, and

The Paradox Of Perceived Reality Essay

1500 words - 6 pages The paradox of reality is constantly being altered by the minds of the public. Reality as a definition is "the world or the state of things as they actually exist, as opposed to an idealistic or notional idea of them." However, what is reality? Everyone has his or her own opinion and view of what is in front of them. The stories reviewed in this section are prime examples on how ones view can dramatically change the conditions they are

The Ironic Paradox Of Love! Essay

867 words - 4 pages peaceful solution but recognizes Romeo’s and Juliet’s marriage (5. 3. 306). From this perspective, a love that is fundamentally flimsy could in reality convey powerful effects. In conclusion, it is an ironic paradox that love that seems totally powerless can become so dominant and dictates the plot of this tragedy of Shakespeare’s. Love, although delusional at all times, gives both Romeo and Juliet the strength and determination to move on even in