Political Choice in Multiple Dimensions - Intro to Political Economy

Explore the foundations of political economy in this 57-minute lecture from Duke University. Delve into the "Spatial Model" of political choice, examining voter preferences, platform selection, and outcome predictions. Trace the historical origins of "left," "right," and "center" political designations to the French National Assemblies. Understand the Median Voter Theorem and its implications for political power. Analyze real-world examples like the Affordable Care Act to illustrate theoretical concepts. Investigate the challenges of multi-dimensional political preferences and learn how real-world legislatures navigate these complexities. Gain insights into voting systems, coalition formation, and the dynamics of government and opposition in modern democracies.