Surprisingly, recent studies indicate that special-interest donations have had little impact on federal elections. If campaign-finance reform is to be seen as more than simply feel good legislation, its effectiveness must be supported by the strong empirical studies and theoretical arguments it now lacks.
The Political Economics of Campaign Finance
By Jeffrey Milyo
This
article
appeared in
the Spring 1999 issue of The Independent Review.
Campaign FinanceDemocracyElections and Election LawGovernment and PoliticsLaw and LibertyPhilosophy and Religion
Other Independent Review articles by Jeffrey Milyo | |
Summer 2014 | Corporate Influence and Political Corruption:Lessons from Stock Market Reactions to Political Events |