1. The classic in this field is Alexander Heard'sThe Cost of Democracy (Chapel Hill: University of North Carolina Press, 1960). For studies of other countries, see the entire issue of theJournal of Politics, XXV (Nov., 1963), and R. S. Milne, “Political Finance in Southeast Asia with Particular Reference to the Philippines and Malaysia,”Pacific Affairs, XLI (Winter, 1968–69), 491–510.
2. Gordon Tullock, “The Purchase of Politicians,”Western Economic Journal, X, No. 3 (Sept., 1972), 354–355, Uri Ben-Zion and Zeev Eytan, “On Money, Votes, and Policy in a Democratic Society,”Public Choice, XVII (Spring, 1974), 1–10.
3. The three empirical studies of campaign monies lack theory and are statistically unsophisticated.Vide P. A. Dawson and J. E. Zinser, “Broadcasting Expenditures and Electoral Outcomes in the 1970 Congressional Elections,”Public Opinion Quarterly, XXXV (Fall, 1971), 398–402; Kristian S. Palda, “Does Advertising Influence Votes? An Analysis of the 1966 and 1970 Quebec Elections,”Canadian Journal of Political Science, VI (Dec., 1973), 638–655; A. H. Taylor, “The Effect of Party Organization: Correlation Between Campaign Expenditure and Voting in the 1970 Election,”Political Studies, XX (Sept., 1972), 329–331.
4. R. M. Reagan,The Managed Economy (Oxford: University Press, 1963), p. 114.
5. D. Lynch, “The Concentration of Economic Power,” in K. W. Rothschild,Power in Economics (Baltimore: Penguin Books, Ltd., 1971), p. 158.