Thomas Ferguson (academic)

Thomas Ferguson (* July 7, 1949 ) is an American professor of political science at the University of Massachusetts Boston. He writes for The Nation and the Huffington Post. It represents the investment theory of party competition: The economic elite, not the voters, given the politics in democratic countries.

"The real market for political parties is defined by major investors, who gene rally have good and clear reason for investing to control the state .... Blocs of major investors define the core of political parties and are responsible for most of the signal the party sends to the electorate. "

Ferguson criticized the actions during the financial crisis: the actors in the banks are blank checks were issued for their actions, you could carry on as before and knew that if something goes wrong, be saved. Against this moral hazard should be taken:

• In a bank bailout, the management must be replaced.
• Bankers' bonuses should be based on long-term benefits.

Writings

• " Betting on Hitler - The Value of Political Connections in Nazi Germany, " Quarterly Journal of Economics, Feb. 2008
• "The American Wage Structure, 1920-1947, " Journal of Financial and Quantitative Analysis, 2004
• " Mixed - Asset Portfolio Composition with Long-Term Holding Periods and Uncertainty, " Levy Economics Institute Working Paper No.. 249, September 1998
• "The Political Economy of Knowledge and the Changing Politics of the Philosophy of Science ". Telos 15 ( Spring 1973). New York: Telos Press.
• 1987 Golden Rule. The Investment Theory of Party Competition and the Logic of Money - Driven Politics
• 1986th Right Turn: The Decline of the Democrats and the Future of American Politics with Joel Rogers.
• 1984 The Political Economy. Readings in the Politics and Economics of American Public Policy