Politics as a Peculiar Business
Show Less

Politics as a Peculiar Business

Insights from a Theory of Entangled Political Economy

Richard E. Wagner

Economists typically treat government as something outside the business realm, a sort of “Lord of the Manor”. Richard Wagner argues that this is the wrong approach and can ultimately be destructive to capitalism and to society.
Buy Book in Print
Show Summary Details
You do not have access to this content

Chapter 5: Reason, sentiment, and electoral competition

Richard E. Wagner


This chapter starts by explaining that a universal feature of competition is its selection for excellence among competitors. This is a purely formal attribute of competition. Just what qualities are actually selected through competition depends on the contexts of competition, which are myriad in number. One can, for instance, be an excellent swimmer without being a terrific diver. Most of this chapter explains how democratic political processes select for different qualities than competitive processes organized through free and open markets.

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.

Further information

or login to access all content.