Jim Miller details how political markets function in a way that makes it inherently difficult for them to perform as well as commerical markets. He exposes advantages incumbents erect to ward off challengers and reveals how most reform proposals increase these advantages. Drawing on his own experience in politics, he outlines ways to broaden opportunities for challengers and make the political marketplace more competitive and responsive to the voters.
James C. Miller III is a senior fellow at the Hoover Institution at Stanford University and chairman of the CapAnalysis Group, an economic consulting firm associated with the international law firm Howrey, Simon, Arnold and White.
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