The Political Economy of the US Presidency

Charles M. Cameron

in The Oxford Handbook of Political Economy

Published in print June 2008 | ISBN: 9780199548477
Published online September 2009 | e-ISBN: 9780191577437 | DOI:

Series: Oxford Handbooks of Political Science

The Political Economy of the US Presidency

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This article looks at the political economy of the US Presidency. It provides a brief review of how the American political and constitutional order helps shape the presidents' incentive structure and how it defines the available tools of governance. It examines the intellectual roots of the political economy approach, before looking at significant developments. The article also claims that scholars have been able to identify three causal mechanisms at work in presidential governance, namely: proposal power, veto power, and strategic pre-action. A review of works on these three causal mechanisms is included in the article.

Keywords: political economy; US Presidency; political order; constitutional order; tools of governance; causal mechanisms; presidential governance

Article.  6731 words. 

Subjects: US Politics ; Political Institutions

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