Money in Politics: Self-Enrichment, Campaign Spending, and Golden Parachutes
Forthcoming with Cambridge University Press.
Politicians enrich themselves while they hold office, they spend campaign money to finance their re-election campaigns, and they accept lucrative "golden parachute" jobs after leaving office. In Money in Politics, I argue that these different forms of money are part of a common system and should be analyzed in a single framework. The book provides a comparative theory that shows how self-enrichment, campaign spending, and golden parachute jobs are connected to each other; explains when money enters politics in what way; illuminates how a change in one form affects the other types; and reveals the consequences this has for democracy. I bring to bear a wide range of evidence from countries around the world, including causally identified quantitative studies, qualitative cross-national comparisons, and original survey experiments. The book shows that we can only fully understand the role of money in politics if we think of it as a system.