ABSTRACT
In a recent survey of the literature about political economic interaction models, B. Snels finds them dividing into two categories, political business cycle models and partisan cycle models. In the models of the first type political parties, once they obtain control of government, are all seen to have the same objective, namely to stay in power. The result of this is that the economic policy of one government hardly differs from that of another. In the second type of model political parties have dissimilar objectives, and Snels believes that a change of government engenders a change of policy. A self-serving political oligarchy must impose rules to fit all circumstances with which an administrator may or may not ever be confronted. In the political sphere the ranking of decorum inferior to success, and the turning of success itself into a kind of vindication of almost all means by which it is obtained, is also becoming more evident from day to day.
