Skip to main content Accessibility help
×
Hostname: page-component-77c89778f8-vpsfw Total loading time: 0 Render date: 2024-07-20T10:19:24.550Z Has data issue: false hasContentIssue false

7 - Absorption of new resources and growth in real income

Published online by Cambridge University Press:  24 March 2010

Edward N. Wolff
Affiliation:
New York University
Get access

Summary

The cost of winning a seat in the House of Representatives rose again in 1984, but only by about half as much as it has in recent elections, according to an analysis of compaign spending reports.

This year's winners will have spent an average of about $325,000 when all reports are filed, up about 23 percent from the average spending in 1982, according to an analysis done for The New York Times by Sunshine News Services, a company that studies compaign spending. The 1982 averages were 47 percent above those of 1980, which were 40 percent above 1978's.

Political analysis offered several explanations for the slowdown of campaign inflation, an effect that was not found in this year's very expensive Senate races. They cited the small number of serious challengers to incumbents, the decline in the overall rate of inflation and the fact that there had been fewer technological advances in campaigning, which drive up costs, than there had been in recent elections. …

One reason for the slowdown of inflation in House election spending, suggested Eddie Mahe, a leading Republican political consultant, “is the decline in the overall rate of inflation,” a view that was shared by Peter Fenn, a Democratic consultant who works with House candidates.

Between 1980 and 1982, when the average amount spent on winning a House seat went from $179,140 to $263,290, a 47 percent increase, the estimated inflation for the entire economy was 16 percent.

Type
Chapter
Information
Growth, Accumulation, and Unproductive Activity
An Analysis of the Postwar US Economy
, pp. 141 - 163
Publisher: Cambridge University Press
Print publication year: 1986

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Save book to Kindle

To save this book to your Kindle, first ensure coreplatform@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×